Salmon Evolution ASA: Q2 2025 operational update

08 Jul 2025 06:30 CEST

Salmon Evolution (OSE: SALME) reports continued improvement in operational
performance with all-time high production towards end of Q2.

Q2 operational summary:

* Harvest of 1,232 tonnes HOG with all-in price realization of NOK ~72/kg.
* Continued improvement in operational performance with underlying biomass
production of 1,700+ tonnes LW during the quarter.
* Q2 net biomass growth of 1,604 tonnes LW following precautionary pause in
feeding in connection with blasting activities for phase 2 water intake
pipes, reducing biomass growth with approximately 100 tonnes.
* Fully stocked farm with a standing biomass of 3,043 tonnes LW per Q2,
aligned with run-rate target both in volume and individuals.
* All-time high production towards end of Q2 -- well positioned for continued
positive development.

"Salmon Evolution continues to see stable operations across the farm and
enters Q3 with a fully stocked farm and a good biomass composition, boding
well for continued positive development in operational KPIs and harvest
weights 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.
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

650849_Salmon Evolution ASA- Q2 2025 operational update.pdf
650849_SALME Q2 2025 Operational Update.pdf