Måsøval AS Q4 25 Report

26 Feb 2026 06:00 CET

DESPITE A CHALLENGING 2025 MÅSØVAL HAS BUILT A SOLID FOUNDATION FOR 2026

Sistranda, 26.02.2026
Today, Måsøval announced its results for the fourth quarter and preliminary
results for the full year 2025. The Group reports a harvest volume of 8 684
GWT in the quarter, including 2 875 GWT from commercial co-location
agreements, bringing the total harvest volume for 2025 to a record high
harvest volume of 28 467 GWT.

During the fourth quarter, the Group experienced continued positive
development in key biological drivers:
· Increased capacity in treatment and harvesting facilities strengthened
preparedness and ensured operational control in a quarter marked by unusually
high sea temperatures and elevated lice pressure.
· 16% higher net growth in sea during quarter, driven by lower mortality and
improved fish welfare.
· The superior (SUP) share increasing to 89% in the quarter.
· Several initiatives implemented in 2025 strengthened our operational
resilience and position for continued growth.

"In 2025, we demonstrated strong operational control despite heavy lice
pressure and elevated sea temperatures. While biological performance depends
on several factors, we enter 2026 expecting that the positive trend will
continue, supported by the measures we are implementing and the steadfast
commitment of our competent team", said Helge Kvalvik, CEO of Måsøval AS.

Måsøval's CEO Helge Kvalvik and CFO Anders Hagestande will present the results
in Norwegian at 08:00 in Auditorium H2, Haakon VIIs gate 2, Vika. The
presentation can also be followed via this link:
https://qcnl.tv/p/RpeBiimFOS5xUpKqSb4nwg

Forward looking statements:
This release may be deemed to include forward-looking statements, including
statements relating to Måsøval's goals and strategies, salmon prices, the
ability to increase or vary harvest volume, production capacity, trends in the
seafood industry, restructuring initiatives, business prospects and
positioning with respect to market, demographic and pricing trends, strategic
initiatives, and the effects of any extraordinary events and other matters
(including developments in laws, regulations and governmental policies
regulating the industry, as well as changes in accounting policies, standards
and interpretations) on Måsøval's business and results. Forward-looking
statements are Måsøval's current estimates or expectations of future events or
future results. Actual results could differ materially from those indicated by
these statements because their realization is subject to many risks and
uncertainties. All forward-looking statements included in this release are
based on information available at the time of the release, and Måsøval assumes
no obligation to update any forward-looking statement.

Contacts
Anders Hagestande, CFO, Måsøval AS, +47 415 82 138,
anders.hagestande@masoval.no
Helge Kvalvik, CEO, Måsøval AS, +47 97 97 97 72, helge.kvalvik@masoval.no

About Måsøval
Måsøval is a fully integrated producer of Atlantic salmon with more than 50
years of operational experience. Based on the island of Frøya in Central
Norway, the company controls the entire value chain -from smolt production to
sea-based farming, harvesting, processing, and global sales.

This integrated model ensures full control, operational efficiency, and
consistent delivery of premium Atlantic salmon to the global market. Måsøval
is committed to sustainable growth, fish welfare, and long-term value
creation.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-02-26 06:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

666842_Masoval AS Q4 25 Presentation.pdf
666842_Måsøval AS Q4 25 Report.pdf