Nordic Halibut AS – Interim Report Q3 2025

20 Nov 2025 08:00 CET

Averøy, Norway, 20 November 2025

Nordic Halibut AS today publishes its interim quarterly report for Q3 2025. The
interim report and financial statement for Q3 2025 were approved by the Board of
Directors on 19 November 2025.

Q3 2025 Highlights

•Biological asset production at sea of 584 tonnes, reflecting a 22% increase
compared to the biomass volume at the beginning of the quarter.

•A total of 152 tonnes HOG were harvested, marking a 41% increase compared to Q3
2024. The average harvest weight reached 5.2 kg HOG, up 8% YoY.

•The average sales price was NOK 170/kg HOG, representing a 4,3% increase YoY.

•Total revenue for the quarter amounted to NOK 24.1million, up 39% YoY. EBITDA
was NOK 17.6 million, and net income ended at NOK -2.9 million.

•Construction of the new production site in Torjulvågen progressed according to
plan during the quarter.

For further information, please see the attached report or contact:

CEO Edvard Henden
edvard@nordichalibut.no
+47 911 41 165

or

CFO Are Strand
are.strand@nordichalibut.no
+47 915 39 232

About Nordic Halibut AS:
Nordic Halibut is a leading farmer of Atlantic halibut located in Western Norway
and with headquarters in Averøy, Nordmøre. The Company has a fully integrated
and well-developed value chain from genetics to sales and has had a significant
breakthrough in early phase production. A growth plan to expand production
volumes is implemented with production target of 4,500 tonnes HOG within 2027
and 10,350 tonnes HOG within 2031. Nordic Halibut will create shareholder value
by pursuing value accretive organic growth through increased production.

More information:
Access the news on Oslo Bors NewsWeb site

660113_Nordic Halibut_Q3 2025.pdf