24.8.2023 08:26:43 CEST | Aqua Bio Technology ASA | Additional regulated
information required to be disclosed under the laws of a member state

 * Fab Lounge, in cooperation with hotel Scandic Royal Stavanger, launched Fab
   Lounge Spa which is the first Spa in the world to exclusively introduce Seidr
   clinique treatments and products. Fab Lounge, who is one of Norway's largest
   skincare clinics, won the award for the best Skincare company in Norway in
   2023 for the second time in a row.
 * For the year 2022, Cosmed Beauty AS, has been given an award for being the
   best-selling distributor per capita amongst Ekseption's distributors
   worldwide. Cosmed Beauty AS was also given an award in 2021 for being the
   best-selling distributor per capita amongst Ekseption's distributors
   worldwide.
 * ABT has been granted a US patent valid until 2037 for use of Chaga in
   cosmetic formulations. The Chaga mushroom grows on birch trees throughout the
   northern hemisphere. The extract from Chagas mushroom has shown good results
   on wrinkles and general skin improvement.
 * ABT announced that it has successfully professionalized the female and male
   products (in total 15 for each series) for Moana Skincare and B Natural and
   that all products have passed the requirements for commercialization
   according to the EU regulations.

The company's revenues in the first half of 2023 were NOK 7.2 million versus NOK
0.5 million in the same period last year. About 100% of the revenue was from the
sale of skincare products. Cost of goods amounted to NOK 3.2 million in the
first half of the year, compared with NOK 3.4 million in the same period last
year. The company's salary costs and other sales and administration costs
(excluding cost of goods) were NOK 10.1 million in the first half of 2022. In
the same period last year, the costs were NOK 8.1 million. EBITDA for the first
half of 2022 was NOK 8.4 million compared with the corresponding period last
year, when EBITDA was NOK -11 million. ABT's profit after tax was NOK 4.7
million, compared with NOK -12.5 million in the first half of 2022. During the
first half of 2023, a change in the value of the company's obligations in
connection with previous acquisitions has been recognized in profit and loss.
This has had a positive profit effect in the first half of 2023 of NOK 15.1
million. The group has an underlying profit improvement and adjusted for this
effect, EBITDA has improved by NOK 4.5 million compared to the first half of
2022. The equity ratio at the end of the first half of 2022 was 11% versus 36%
after the first half of 2021.

 

For further information, please contact Håvard Lindstrøm, CEO, telephone +47
9413 2288.

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.

 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

 

DISCLOSURE REGULATION

This information is subject of the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Håvard Lindstrøm, 004794132288, hl@aquabiotech.no 

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2564/3571/Download%20announcement
%20as%20PDF.pdf

Halvarsrapport 24 august 2023.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2564/3570/Halvarsrapport%2024%20a
ugust%202023.pdf