Icelandic Salmon - Annual Report for 2024

25 Apr 2025 06:00 CEST

Bíldudalur, 25 April 2024

Icelandic Salmon AS (Euronext Growth Oslo and First North Iceland: ISLAX) has
today published its integrated Annual Report for 2024, including sustainability
reporting and complete annual accounts with notes.

The report is attached and available on the following website:
https://arnarlax.is/investors/

"In 2024, we faced a reduction in harvested volume due to biological challenges,
but used the year to strengthen operations and prepare for future growth. Our
dedicated employees have done a good job to improve our operational routines. I
want to thank the entire team for what they have achieved in a demanding year,"
said Bjørn Hembre, CEO of Icelandic Salmon.

In Bjørn's letter, included in the report, he highlights that Icelandic Salmon
is well-positioned for further growth, with key investments in smolt production
largely completed and capacity in place to scale up production volume to 26,000
tonnes.

For further information, please contact:

CEO Bjørn Hembre
Tel: +354 620 1936
Email: bjorn@arnarlax.is (mailto:bjorn@arnarlax.is)

CFO Jónas Heiðar Birgisson
Tel: +354 855 7760
Email: jonas@arnarlax.is (mailto:jonas@arnarlax.is)

About Icelandic Salmon

Icelandic Salmon is dual-listed on the stock exchange market, both at the
Euronext Growth in Oslo and NASDAQ First North in Reykjavík. The Group is the
100% owner of Arnarlax ehf, one of the leading farming company in Iceland with
head office in Bildudalur. The Group is fully integrated, from egg to the fish
is delivered to customers in the market, with control over all parts of the
value chain.

See https://www.arnarlax.is for more information about the Group.

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

More information:
Access the news on Oslo Bors NewsWeb site

644372_Icelandic Salmon AS Consolidated Annual report 2024.pdf