Averøy, Norway, 28 May 2026

Nordic Halibut AS today publishes its interim quarterly report for Q1 2026. The
interim report and financial statement for Q1 2026 were approved by the Board of
Directors on 27 May 2026.

Q1 2026 Highlights

oBiological asset production at sea totalled 353 tonnes, representing an 11%
increase compared to the biomass volume at the beginning of the quarter.

oA total of 269 tonnes HOG were harvested, marking a 18% increase compared to Q1
2025. The average harvest weight reached 6.6 kg HOG, up 18% YoY.

oThe average sales price was 188 NOK/kg fresh HOG, compared to 193 NOK/kg in the
same period of 2025.

oTotal revenue for the quarter amounted to NOK 47.7 million, representing an 8%
YoY increase. EBITDA was negative at NOK 6 million, while net income for the
period amounted to a loss of NOK 38 million.

oConstruction of the Torjulvågen facility progressed as planned during Q1 2026.

For further information, please see the attached report or contact: 

CEO Edvard Henden 
edvard@nordichalibut.no 
+47 911 41 165

or

CFO Are Strand
are.strand@nordichalibut.no
+47 915 39 232
are.strand@nordichalibut.no\
+47 915 39 232\