Grieg Seafood ASA: Q2 2025 results

26 Aug 2025 06:00 CEST

Maintaining Rogaland operations and moving into a new direction

(Figures for Q2 2024 in brackets)

Highlights

- Agreement with Cermaq Group for sale of Finnmark and Canadian operations for
NOK 10.2 billion (EV, cash- and debt-free) signed in July, following a process
in Q2
- Good freshwater and seawater production across all regions in Q2 2025 across
all regions
- Harvest volume of 8,850 tonnes (2,771 tonnes). Total harvest volume
including discontinued operations of 21,798 tonnes
- Operational EBIT in the quarter from continued operations of NOK 91 million
(NOK 18 million), with operational EBIT/kg of NOK 10.3 (NOK 6.4)
- Target harvest volume of 30,000 tonnes for the full year 2025 for the
continued operations, with an expected harvest of 8,000 tonnes in Q3 2025
- Streamlined business model focusing on Rogaland, Sales and a lean HQ support
structure

Results presentation
CEO Interim Nina Willumsen Grieg and CFO Magnus Johannesen will present the
results live at Hotel Continental, Stortingsgaten 24/26, Oslo today at 8:00
a.m. CEST.

A live webcast from the presentation can be accessed at
www.investor.griegseafood.com or with the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20250826_5/

For further inquiries, please contact:
Nina Willumsen Grieg, CEO Interim
Cell phone: +47 953 39 161
E-mail: nina.grieg@griegsefood.com

Magnus Johannesen, CFO
Cell phone: +47 959 13 243
E-mail: magnus.johannesen@griegseafood.com

About Grieg Seafood
Grieg Seafood ASA is one of the world's leading salmon farmers. Following
completion of the Transaction announced 17 July 2025, our operations will have
a more geographically focused footprint in southwestern Norway with farms
located in Rogaland and headquarters in Bergen.
Grieg Seafood ASA was listed at the Oslo Stock Exchange in June 2007.

Sustainable farming practices are the foundation of Grieg Seafood's
operations. The lowest possible environmental impact and the best possible
fish welfare is both an ethical responsibility and drive economic
profitability.

To learn more, please visit www.griegseafood.com.


The information included in this announcement may partly be defined as inside
information pursuant to article 7 of the Regulation (EU) No 596/2014 of the
European Parliament and of the Council of 16 April 2014 on market abuse (MAR).
The information is publicly disclosed in accordance with MAR article 17 as
well as section 5-12 of the Norwegian Securities Trading Act.
The stock exchange announcement was published by May Hansen, Executive
Assistant, Grieg Seafood ASA, on 26 August 2025 at 6:00 a.m. CEST.

More information:
Access the news on Oslo Bors NewsWeb site

653790_2025 Q2 GSF Quarterly Presentation.pdf
653790_2025 Q2 GSF Quarterly Report.pdf