Salmon Evolution ASA: Q1 2025 operational update

07 Apr 2025 06:30 CEST

Salmon Evolution (OSE: SALME) sets new production record in Q1-25 and reports
an all-time high standing biomass at the end of the quarter.

Q1 operational summary:

* New all-time high standing biomass of 2,939 tonnes LW at the end of the
quarter, a 45% increase since Q4-24 -- standing biomass at targeted run-rate
levels.
* New production record of 1,624 tonnes LW, up 7% from Q4-24, continuing the
trend of steadily increasing production.
* Harvest volume of 581 tonnes HOG, reflecting deliberate focus on biomass
growth.
* All-in price realization on harvested fish of NOK ~75/kg.

"We continue to see stable operations across the farm with strong biological
KPIs. Coupled with a new production record in Q1 and also hitting our standing
biomass target, we are very well positioned for continued operational
improvement over the coming quarters", CEO of Salmon Evolution, Trond Håkon
Schaug-Pettersen said.

For further information, please contact:
Trond Håkon Schaug-Pettersen, CEO
thsp@salmone.no
+47 91 19 13 27

Trond Vadset Veibust, CFO
tvv@salmone.no
+47 48 09 05 95

About Salmon Evolution
Salmon Evolution is the global leader within land-based salmon farming with a
clear roadmap for 100,000 tonnes HOG annual production capacity. Pioneering
the hybrid flow-through system (HFS), Salmon Evolution is Extending the Ocean
Potential by creating optimal growth conditions in a controlled environment on
land. This approach, capturing the benefits of both land-based and sea-based
farming, puts biology first and limits operational and biological risk.

Salmon Evolution is strategically located the heart of the global aquaculture
industry on the west coast of Norway, where the Company has its first facility
and global centre of excellence fully operational at industrial scale. Enabled
by the proof of concept in Norway, Salmon Evolution targets significant
international expansion.

Salmon Evolution is listed on Oslo Børs under the ticker SALME. To learn more,
please visit www.salmonevolution.no.

More information:
Access the news on Oslo Bors NewsWeb site

643098_Salmon Evolution ASA- Q1 2025 operational update.pdf
643098_SALME Q1 2025 Operational Update.pdf