Nordic Aqua Partners: Operational update for Q1 2025

03 Apr 2025 06:59 CEST

The issues related to geosmin have been managed and the sale of high-quality
Atlantic Salmon has now resumed with renewed strength in the first quarter of
2025.

Farming

Production during the first quarter of 2025 was 933 tonnes live weight (LW)
bringing the total biomass to 2,805 tonnes (LW), whereof the production in
March accounted for 461 tonnes (LW), proving production is back on normal
levels.

Overall biological performance remains strong with good fish health, no
maturation and high survival rates for all batches.

Harvest

Nordic Aqua has taken out 107 tonnes, (LW) of biomass during January prior to
resuming commercial harvest in February.

In Q1 2025, Nordic Aqua has had commercial harvest of 199 tonnes (HOG),
achieving an average harvest weight of 6.2 kg (HOG), equivalent to 7.5 kg
(LW), with a superior rate of 99%.

Nordic Aqua is currently finalizing the investment details for Stage 3. The
Board expects to announce specifics about this expansion stage, which will
bring annual harvesting capacity to 20,000 tonnes (HOG), no later than Q3
2025.

For more information, please contact:
CEO Ragnar Joensen
ragnar@nordicaquapartners.com
+298 599 112
CFO Tom Johan Austrheim
tom@nordicaquapartners.com
+47 98 20 98 73

About Nordic Aqua Partners
Nordic Aqua Partners is a Nordic land-based salmon farming company, using
cutting-edge Nordic technology and expertise to set up the first fully
integrated and commercially scaled Recirculating Aquaculture System [RAS] farm
for Atlantic salmon located in Ningbo, China. With operations in place, Nordic
Aqua Partners will be the first local producer of truly sustainable and fresh
salmon to the Chinese market. The current business plan is for an annual
production of 20,000 tonnes (HOG). Nordic Aqua Partners AS is listed at
Euronext Growth under the ticker NOAP.
To learn more, please visit www.nordicaquapartners.com
(http://www.nordicaquapartners.com/)

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