Proximar Seafood Extraordinary Production Update: Fish growth picking up - Biomass at ~1,800 tonnes by end of November

04 Dec 2025 08:10 CET

Bergen/Yokohama, 4 December 2025: Proximar Seafood AS (“Proximar” or the
"Company") is announcing an extraordinary production update following the Q3
report which was released on 14 November 2025.

As the Company has received several inquiries about the current biological
status after reporting date, this press release will secure that equal
information is provided to all stakeholders.

In the Q3 report, Proximar communicated a strong biological performance since
end of the 3rd quarter when the biomass stood at 1,379 tonnes.

The Company is pleased to report that the biomass uptick has continued, reaching
1,804 tonnes at the end of November. Hence, Proximar reiterates the goal of
reaching 2,000 tonnes in biomass by the end of 2025.

The system is performing very well, and water quality is stable.

Survival rate in the grow out was 99.9% for the month, and fish health remains
good.

“I am very pleased to see that the positive biomass development with improved
growth rates is continuing. We see good results of the improvements done over
recent months, as communicated in our recent quarterly presentation. We expect
this to transfer to increased harvest weights and improved price realization for
2026,” says Joachim Nielsen, CEO of Proximar.

Please see attached for the biomass development and some pictures. The next
update will be the regular Q4 2025 production update, which is scheduled around
6 January 2026.

For more information, please contact:
Joachim Nielsen, CEO, +81 70 2811 9898, jn@proximar.com
Ole Chr. Willumsen, CFO, +47 48 21 34 29, ocw@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 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.

More information:
Access the news on Oslo Bors NewsWeb site

661199_Proximar Production Update November 2025_Final.pdf