CORRECTION! KALDVIK AS (KLDVK): Announcement of Q1 2025 results and new refinancing package

28 May 2025 21:29 CEST

KALDVIK AS (KLDVK) reports operating income in Q1 of EURm 48.4 (EURm 31.1),
while the operating profit/loss before fair value adjustment of biomass and
production tax was positive of EURm 9.8 (EURm 2.4).

Harvest amounted to 6,383 tonnes in Q1 2025 (3,986 tonnes)

Web cast will be at 09:00 (CEST)/ 07:00 Icelandic time on 28 May 2025 on the
following link: www.kaldvik.is/live (http://www.kaldvik.is/live)

NEW REFINANCING PACKAGE

Further, Kaldvik has initiated a process to refinance the company through a new
debt package and equity and has received confirmation of a new and improved bank
financing package from its existing lenders.

In connection with the refinancing, it is a condition for the new financing that
the company raises a net cash amount of approx. EUR 45 million in new equity.
The company is in the process of launching such an equity raise, with strong
backing from its majority shareholder, Austur Holding AS.


Attached is the presentation and report for Q1 2025, which also includes further
information on the refinancing package. An updated company presentation has also
been uploaded to the company's website www.kaldvik.is.

Kaldvik, 28 May 2025

Contact: Robert Robertsson, CFO of KALDVIK AS:
+354 843 0086(mobile)

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject of the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Róbert Róbertsson, CFO of Kaldvik AS, on 28 May
2025 at 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

647927_Kaldvik Q1 2025 presentation.pdf
647927_Kaldvik Q1 2025 Report.pdf