Salmon Evolution ASA: Q2 2026 operational update

07 Jul 2026 06:30 CEST

Salmon Evolution (OSE: SALME) delivered solid operational performance during
the quarter, marked by improving biological performance in Phase 1 and a
successful start-up of Phase 2. Following commencement of operations in late
April, Phase 2 has developed according to plan, with two successful smolt
releases completed and preparations for the third release well underway.

Key summary:

* Harvest volume of 945 tonnes HOG.
* Improved biomass growth in Phase 1, with the full effect of recently
implemented new feed and optimized operating protocols yet to materialize.
* 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.
* Strong start in phase 2, design upgrades working as planned with clear
improvements in water quality.

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

677719_SALME Q2 2026 Operational update - presentation.pdf
677719_SALME Q2 2026 Operational update.pdf