Preliminary results and profit warning for Q2 2025

15 Jul 2025 18:10 CEST

Preliminary results of the unaudited consolidated accounts for Q2 2025 indicate
a lower-than-expected operational Ebit for the Bakkafrost Group. The preliminary
results indicate an operational EBIT of around 65 mDKK for the Group and the
following results per segment:

Segment:              mDKK

FOF                     89

Freshwater FO           85

Freshwater SCT         -72       (exceptional mortality and write-down cost of
52 mDKK)

Farming FO               4

Farming SCT           -127       (exceptional mortality and write-down cost of
38 mDKK)

Services                17

Sales & Other           97

Weak salmon prices in the quarter harmed the overall results. In the Faroes,
biological performance was strong in the quarter, while the Scottish farming and
freshwater segments had some challenges with diseases, which continued into
July. Consequently, exceptional mortality costs of 93 mDKK have been booked in
the Scottish farming and freshwater segments, including a write-down of
mortality in July related to the same disease events.

The full Q2 2025 report will be released on 26 August 2025 at 06:00 CET.

Contacts:

· Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01 (mobile)
· Høgni Dahl Jakobsen, CFO of P/F Bakkafrost: +298 23 50 60 (mobile)

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

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