Salmon Evolution ASA: Q3 2025 operational update

06 Oct 2025 06:30 CEST

Salmon Evolution (OSE: SALME) reports continued stable operations with minimal
mortality and all-time high biomass production.

Q3 operational summary:

* Harvest of 1,387 tonnes HOG with all-in price realisation of NOK ~61/kg.
Average harvest weight of 3.5 kg HOG, up 20% from last quarter.
* Net biomass growth of ~1,800 tonnes LW, up 6 % from Q2. Fifth consecutive
quarter with increased biomass production Q/Q.
* Fully stocked farm with a standing biomass of 3,009 tonnes LW per Q3,
aligned with run-rate target both in volume and individuals.

"Salmon prices recovered during September on back of negative year on year
growth in Norwegian biomass, supporting an increasingly tight supply-demand
balance going into 2026. With a fully stocked farm and steadily improving
production and harvest weights, Salmon Evolution is well positioned to
capitalize on this", 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 proof of concept at Indre Harøy, Salmon Evolution targets significant
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

656648_SALME Q3 2025 Operational Update.pdf
656648_Salmon Evolution ASA- Q3 2025 operational update.pdf