Salmon Evolution ASA: Q4 2025 operational update

08 Jan 2026 06:30 CET

Salmon Evolution (OSE: SALME) is entering 2026 with full biomass in
anticipation of a tight salmon market, especially during the first half of the
year.

Q4 operational summary:

* Harvest of 1,203 tonnes HOG with all-in price realisation of NOK ~74/kg, and
2025 harvest volume of 4,403 tonnes HOG. Q4 harvest reflecting focus on 2026
with standing biomass year-end above target.
* Continued stable operations with a net biomass growth of ~1,592 tonnes LW
during the quarter. Biomass production affected by high fish logistics
activity due to biomass optimization going into 2026 -- underlying biomass
growth in line with previous quarters.
* Well positioned for 2026 -- strong foundation for continued improvement in
biomass growth, harvest volumes and harvest weights in coming periods.

"We expect to harvest around 1,800 tonnes HOG in the first quarter and are
well positioned for continued improvements in biomass growth, harvest volumes
and harvest weights in coming periods", CEO of Salmon Evolution, Trond Håkon
Schaug-Pettersen said.

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

663250_Salmon Evolution ASA- Q4 2025 operational update.pdf
663250_SALME Q4 2025 Operational Update.pdf