Andfjord Salmon: Solid fish farming performance | Q3 2025 financial results

16 Dec 2025 07:00 CET

16.12.2025 07:00:00 CET | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon Group AS ("Andfjord Salmon" or "the company") today provides an
update on its fish farming operations, which are experiencing stable biological
conditions, high survival rates and healthy growth, and presents the company's
third quarter financial results.

During September and October, Andfjord Salmon re-initiated fish farming
operation at Kvalnes, Andøya. A total of approximately 1.1 million smolt were
released in pool K0 (350,000) and pool K1 (750,000).

"The biological conditions have remained stable in both pools following smolt
release. In pool K0, the fish growth is more than 30 percent ahead of
Skretting's growth table for ocean net pen. Solid growth in combination with
high survival rates result in rapid ramp-up of biomass. We are very pleased with
our fish farming performance so far," says Martin Rasmussen, CEO of Andfjord
Salmon.

PRESENTATION AT 08:00 (CEST) TODAY

Andfjord Salmon will provide an operational update and present the company's
third quarter 2025 results at 08:00 today. The webcast presentation can be
viewed from this URL:

https://qcnl.tv/p/GieayTPCEQETvAYTdKY7hA

The presentation material and third quarter 2025 report are enclosed to this
announcement.

CONTACTS

* Investors: Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,
bjarne.martinsen@andfjord.no
* Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,
martin@andfjord.no

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord
Salmon is developing the world's most sustainable and fish-friendly aquaculture
facility of its kind. Through a proprietary flow-through system, Andfjord Salmon
combines the best from ocean and land-based salmon farming. In its first
production cycle, the company achieved an industry-leading survival rate of 97.5
percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and
required 1 kWh to produce one kilo of salmon. For more information, see
www.andfjordsalmon.com - http://www.andfjordsalmon.com.

ATTACHMENTS

Q3 2025 presentation.pdf -
https://kommunikasjon.ntb.no/ir-files/17847566/18752660/6641/Q3%202025%20present
ation.pdf

Andfjord_Q3_interim_report_15122025.pdf -
https://kommunikasjon.ntb.no/ir-files/17847566/18752660/6642/Andfjord_Q3_interim
_report_15122025.pdf

More information:
Access the news on Oslo Bors NewsWeb site

662088_Q3 2025 presentation.pdf
662088_Andfjord_Q3_interim_report_15122025.pdf