Grieg Seafood ASA: Q4 2025 results

25 Feb 2026 06:00 CET

Positive results from farming operations despite challenging seawater
conditions

(Figures for Q4 2024 in brackets)

Highlights

* Harvested 7,372 tonnes (8,074 tonnes) in the quarter

* Achieved an EBIT/kg of NOK 20.7 for the quarter in Rogaland

* Delivered continued strong freshwater production in Rogaland, with average
smolt size exceeding 1 kg in 2025

* Entered Q4 2025 close to maximum MAB capacity following recovery from a
challenging Q3 and exited the quarter with MAB utilization of 98%

* Completed the divestment of our Canada and Finnmark operations and applied
the proceeds to repay a substantial portion of Grieg Seafood's outstanding
debt

* The Hybrid Bond has been temporarily reclassified as debt due to the
bondholder put-option period and will revert to equity once this period ends

* Board of Directors have made a decision of principle to distribute NOK 4
billion Formal decision to be made once interim balance sheet per 31 January
2026 is finalized and audited. Expect call for extraordinary General
Assembly to be sent end of March

* Grieg Seafood has entered into a NOK 2,000,000,000 sustainability-linked
multicurrency revolving credit facility agreement with Nordea and SEB in Q1
2026


Results presentation
CEO Nina Willumsen Grieg and CFO Magnus Johannesen will present the results
live at Hotel Continental, Stortingsgaten 24/26, Oslo today at 08:00 a.m. CET.

A live webcast from the presentation can be accessed at
www.investor.griegseafood.com or with the following link:
https://qcnl.tv/p/afDrWB1a0q7jgDHcoWhiLg

For further inquiries, please contact:
Nina Willumsen Grieg, CEO
Cell phone: +47 953 39 161
E-mail: nina.grieg@griegsefood.com

Magnus Johannesen, CFO
Cell phone: +47 959 13 243
E-mail: magnus.johannesen@griegseafood.com


The information included in this announcement may be qualified as inside
information pursuant to article 7 of the Market Abuse Regulation and is
publicly disclosed in accordance with article 17 of the Market Abuse
Regulation and section 5-12 of the Norwegian Securities Trading Act.


About Grieg Seafood
Grieg Seafood ASA is one of the world's leading salmon farmers. Our farms are
located in Rogaland in Norway with our headquarter in Bergen, Norway. Grieg
Seafood ASA was listed at the Oslo Stock Exchange in June 2007.

Sustainable farming practices are the foundation of Grieg Seafood's
operations. The lowest possible environmental impact and the best possible
fish welfare are both ethical responsibilities and drivers of economic
profitability.

To learn more, please visit www.griegseafood.com.



The stock exchange announcement was published by May Hansen, Executive
Assistant, Grieg Seafood ASA, on 25 February 2026 at 06:00 a.m. CET.

More information:
Access the news on Oslo Bors NewsWeb site

666638_2025 Q4 GSF Quarterly Report.pdf
666638_2025 Q4 GSF Quarterly Presentation.pdf