Arctic Fish (AFISH): Q4 2024 – Another positive quarter to complete a strong year

12 Feb 2025 06:30 CET

Q4 was another positive quarter for the company and as a whole 2024 resulted in
the highest operational EBIT in the history of the company and a profitable
bottom line for the year.

Harvested quantities in the fourth quarter amounted to 3,456 tonnes compared to
2,529 tonnes for the same quarter last year.

Operational EBIT pr. kg in Q4 amounted to 0.61 EUR pr. kg compared to 1.65 EUR
pr. kg last year.

Biological development and growth in the quarter developed as expected.

Long-term harvest volume guidance for Arctic Fish of 25,000 tonnes in 2029 was
re-iterated, with sufficient smolt capacity being secured through internal smolt
production and external smolt agreements.

The presentation materials are attached to this notice and can also be found on
the company website: https://www.arcticfish.is/investor-relations/
A recorded presentation is also available from 9:00 am CET (08:00 am GMT) via
https://www.arcticfish.is/webinar/ and questions can be sent to
ir@arcticfish.is.

Questions will be answered as soon as possible and subsequently posted on the
website.
For additional interest and questions regarding the Q4 results, meetings can be
requested with management.

For information, please contact:
Stein Ove Tveiten
Email: sot@afish.is
Tel: +354 843 9900
Baldur Smári Einarsson
Email: bse@afish.is
Tel: +354 690 1222
 

Arctic Fish in brief
Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and
sustainable value chain from smolt to sales. The production capacity for the
company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses
covering 10 farming areas in 5 different fjords, all located in the Westfjords
of Iceland. The company's value chain consists of a state-of-the-art RAS
hatching and smolt production facility, attractive sea sites with high bearing
capacity and high-energy equipment, and a newly completed harvesting facility
with sufficient capacity to secure the utilization of the licenses and growth
objectives for the company.

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

More information:
Access the news on Oslo Bors NewsWeb site

638287_Arctic Fish Q4 2024 presentation.pdf
638287_Arctic Fish Q4 2024 report.pdf