Gigante Salmon AS: Publication of Q4 Report

20 Jan 2026 07:00 CET

Bodø, 20 January 2026

Gigante Salmon AS report for the fourth quarter 2025 is published today. From Q4
we report the following highlights:

• Production basins A and B fully operational. Basin C expected to be
operational this spring. 2.4 million smolt released into basin A in Q3 and Q4.
• Initial harvest of Generation Autumn 2024 yielded a satisfactory 345 tons HOG,
with an average weight of 3.0kg HOG, a 94% superior quality and an eFCR of 1.04.
• Accumulated biomass at the end of Q4 was 3,000 tons. Generation Autumn 2024
comprised 2,030 tons, with an average weight of 3.2kg. Harvest of Generation
Autumn 2024 will be completed in Q1 and in Q2.
• Operating profit in Q4 and for 2025.
• EGM granted POA to carry out NOK 150–300m capital expansion. Main shareholder,
Gigante Havbruk AS, has expressed willingness to participate with up to NOK
150m.

Income from the processing of Generation Autumn 2024 has resulted in an
operating profit, both for Q4 and for fullyear 2025. This increases confidence
in the business model, and we now expect a net profit already in 2026.

"We have reached an important milestone that confirms that our land-based
operation functions as planned. With two basins in operation and the third
expected due to come on-line in the first half of the year, we are in a good
position to deliver on our ambitious growth goals and create value for our
shareholders", says CEO Kjell Lorentsen.

In connection with the Q4 2025 Report, Gigante Salmon is pleased to invite you
to a management presentation today at 09:15 CET at the premises of Oslo Børs,
Tollbugata 2, Oslo.
Breakfast, coffee and tea is served from 08:30.

The presentation will be held by CEO Kjell Lorentsen and CFO Rune Johansen. The
presentation can also be joined as a webcast, link:

https://gigantesalmon.no/investor-2/websendinger/#/gigante-salmon/4.quarterly-ea
rning-reports-2025/3e20ec8d

The presentation will be held in Norwegian.

The full Q4 2025 report is attached to this stock exchange announcement, and
published on the company's website:
https://gigantesalmon.no/investor/rapporter-og-presentasjoner/

A recording of the webinar in Norwegian will be made available on the company’s
webpage.

For further information, please contact:
Kjell Lorentsen, CEO
Phone: +47 911 22 688
E-mail: kjell@gigante.no

Rune Johansen, CFO
Phone: +47 988 44 724
E-mail: rune@gigantesalmon.no

Gigante Salmon:
Gigante Salmon is a land-based salmon farming company with its first production
facility under construction on Lille Indre Rosøy in Rødøy, Norway. The Company’s
aquaculture concept is based on a flow-through system, combining the benefits of
conventional and land-based aquaculture while simultaneously eliminating issues
associated with conventional, sea based, farming. Visit www.gigantesalmon.no for
more information.

This information is subject to disclosure under the Norwegian Securities Trading
Act, §5-12.

More information:
Access the news on Oslo Bors NewsWeb site

663875_GIGA_2025_Q4rapport_ENG.pdf
663875_GIGA_Q4_2025_Presentation.pdf