Proximar Seafood: Publication of Annual Report 2025

27 Mar 2026 07:00 CET

Yokohama, March 27, 2026: Proximar Seafood AS ("Proximar") today published its
Annual Report for 2025, highlighting a year of continued commercial progress and
operational improvements.

Throughout 2025, Proximar strengthened its role as Japan’s first producer of
locally farmed Atlantic salmon and supplied 1,338 tonnes HOG of fresh Fuji
Atlantic Salmon to customers. Strong demand together with solid price
achievement for market sized fish above 3 kg HOG underline the advantages of
proximity, freshness and consistent supply.

The company ended the year with a standing biomass of close to 2,000 tonnes,
improved biological performance and stable operations. This provides a solid
foundation for gradually increasing harvest weights and price achievement from
the second quarter of 2026 onwards. For the full year, the company expects to
harvest 3,500-4,000 tonnes HOG.

“Our progress throughout 2025 reflects the strength and dedication of our team.
We now deliver fresh, locally farmed Atlantic salmon to the Japanese market
every day, and the customer response remains highly encouraging. As the only
producer of Atlantic salmon in Japan, we hold a unique position, and with full
production capacity restored we remain committed to building a sustainable
business that delivers quality and long‑term value,” said CEO Joachim Nielsen.

The Annual Report for 2025 is enclosed and available at www.proximarseafood.com

For more information, please contact:
Joachim Nielsen, CEO, ir@proximar.com

About Proximar Seafood
Proximar Seafood is a Norwegian land-based salmon farming company with its first
production facility and production at the foot of Mount Fuji in Japan. The
company inserted its first batch of eggs in October 2022 and carried out its
first harvest on 30 September 2024. Proximar's brand and logo (Fuji Atlantic
Salmon) were officially launched in October 2024 at our partner Marubeni
Corporation’s head quarter in Tokyo. Through land-based salmon farming, using
high-quality groundwater secured close to Mount Fuji, the company produces fresh
Atlantic Salmon, harvested the same day. Proximar's location, near one of the
world's most important fish markets, implies significant advantages, both in
terms of reduced cost and carbon footprint.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

669528_Proximar Seafood Annual Report 2025.pdf