Averøy, Norway, 27 August 2025 

Nordic Halibut AS today publishes its interim quarterly report for Q2 2025. The
interim report and financial statement for Q2 2025 were approved by the Board of
Directors on 26 August 2025. 

Q2 2025 Highlights 

*Biological asset production at sea of 388 tonnes, reflecting a 15,4% increase
compared to the biomass volume at the beginning of the quarter. 

*A total of 266 tonnes HOG were harvested, marking a 112% increase compared to
Q2 2024. The average harvest weight reached 4.3 kg, up 4,9% YoY. 

*The average sales price was NOK 170/kg HOG, representing a 11% increase YoY. 

*Total revenue for the quarter amounted to NOK 32 million, up 68% YoY. EBITDA
was NOK -27 million, and net income ended at NOK -41 million. 

*The development of the new production site in Torjulvågen progressed according
to plan during the quarter. 
 

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 

About Nordic Halibut AS: 
Nordic Halibut is a leading farmer of Atlantic halibut located in Western Norway
and with headquarters in Averøy, Nordmøre. The Company has a fully integrated
and well-developed value chain from genetics to sales and has had a significant
breakthrough in early phase production. A growth plan to expand production
volumes is implemented with production target of 4,500 tonnes HOG within 2027
and 10,350 tonnes HOG within 2031. Nordic Halibut will create shareholder value
by pursuing value accretive organic growth through increased production.