Salmon Evolution ASA: Q1 2026 operational update

08 Apr 2026 06:30 CEST

Salmon Evolution (OSE: SALME) has seen a significant step-change in growth
following implementation of new feed and changes to operational protocols
during Q1, reinforcing confidence in the stated operational targets for the
coming periods.

Key summary:

* Harvest of 1,765 tonnes HOG in line with guidance, at an all-in price
realization of ~84 NOK/kg
* Biomass growth in Q1 affected by adaptation period on new feed and testing
of new operating protocols
* Step-change in growth post implementation
* Key prerequisites for significant improvement in biomass growth in coming
periods in place -- spillover to harvest volumes and weights during the
second half of 2026
* First smolt phase 2 in less than 14 days

For further information, please contact:
Trond Håkon Schaug-Pettersen, CEO
thsp@salmone.no
+47 91 19 13 27

Trond Vadset Veibust, CFO
tvv@salmone.no
+47 48 09 05 95

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

670096_SALME- Q1 2026 operational update - presentation.pdf
670096_SALME- Q1 2026 operational update.pdf