"Phase 2 is on track, with testing and commissioning starting in less than 30 days,” said Trond Håkon Schaug-Pettersen, CEO of Salmon Evolution. "This is a complete gamechanger, and I am more confident than ever that Salmon Evolution will deliver strong value for our stakeholders and continue to lead the industry forward,” he said.

Highlights:

• Indre Harøy phase 2 progressing according to plan, on track for first smolt release in Q1-26. Testing and commissioning starting in less than 30 days.
• Continuing the positive trend with stable operations and a fully stocked farm. Ending Q3 2025 with a standing biomass of 3,009 tonnes LW and all-time high biomass production.
• Revenues of 86.5 NOKm, farming EBITDA -30.6 NOKm and group EBITDA -40.5 NOKm. Results reflect weak salmon prices and temporary effects on farming costs.
• Harvest guidance of 7,000 tonnes HOG for 2026, up ~50 % compared to expected 2025 volumes. Salmon prices recovering through September with forward prices expectations significantly up during the quarter.

Results presentation:

CEO Trond Håkon Schaug-Pettersen and CFO Trond Vadset Veibust will present the results for the third quarter 2025 at Hotel Continental in Oslo, Norway, Tuesday 11 November 2025 at 08:00 CET.

The presentation and Q&A will be held in English, and participants may also follow the presentation and submit questions through a live webcast available on www.salmonevolution.no, or with the following link: https://events.webcast.no/salmon-evolution/OEpmPDaoyhi5siPjdg0b/73cSNzq6K5jNqbRARNdk

A recording of the webcast will be made available on our website shortly after the presentation.