Statt Torsk ASA – Second quarter 2022 Financial report

19 Aug 2022 08:00 CEST

19 August 2022

The industry is starting to materialize

Operational highlights in the quarter and outlook:
• Stokkeneset started first commercial production
• Long-term processing agreement secured with Western Seaproducts AS, a company
fully owned by Måsøval AS
• Obtained Global Gap certification
• Completed 41 MNOK private placement
• Secured biomass overdraft facility from large Norwegian bank of 35 MNOK
• Test harvesting successfully completed in June
• Q2 loss as expected
• Production in line with estimated volumes
• Rekvika granted 3 new licenses expansion from 3 to 6 MABs
• Sales agreement for 1,600 tons WFE, value approx. 75 MNOK

Gustave Brun-Lie, CEO of Statt Torsk ASA (“Statt”) comments: “Important
milestones have indeed been achieved after long and meticulous work by our team”


For more information, contact:

Gustave Brun-Lie, CEO, gbl@statt.no
Bjug Borgund, CFO, bb@statt.no

About Statt Torsk ASA
Statt Torsk ASA is listed on Euronext Growth Oslo with ticker “STATT” and with
operations in Stad municipality. The company produces and sells farmed Atlantic
cod. In 2016-2021, the company carried out three pilot productions to clarify
whether commercial production was possible. STATT is now in commercial
production with currently two sites with total 8 licenses in Vanylvsfjorden.

This stock exchange announcement was published by Bjug Borgund, CFO in Statt
Torsk ASA, on 19 August 2022 at 08:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

569100_Statt Torsk Financial Report - Q2 2022.pdf