Atlantic Sapphire ASA: Q2 2025 Trading Update

09 Jul 2025 07:16 CEST

Miami, FL, July 09, 2025
Atlantic Sapphire ASA (along with its subsidiaries the "Company") has harvested
a total volume of approximately 1,167t HOG in the three months ending June 30,
2025 (Q1 2025: 1319t). During the same period, the net biomass gain was
approximately 1,697t RLW (Q1 2025: 1,449t). Standing biomass at the end of the
period was 3,235t RLW (Q1 2025: 2,997t).

During the second quarter operational performance and biological situation was
satisfactory. Realized average harvest weight in the quarter was 3.1kg HOG (Q1
2025: 2.6kg). The realized sales price in the quarter was USD 9.27 per kg HOG
(Q1 2025: USD 8.30 per kg).

For further information, please contact:
Gunnar Aasbo-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO
Gunnar@atlanticsapphire.com
Investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA:
Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming,
locally, and transforming protein production, globally. Atlantic Sapphire
operated its innovation center in Denmark from 2011 until 2021 with a strong
focus on R&D and innovation to equip the Company with the technology and
procedures that enable the Company to commercially scale up production in end
markets close to the consumer.  In the US, the Company holds the requisite
permits and patents to construct its Bluehouse® in an ideal location in
Homestead, Florida, just south of Miami. The Company's Phase 1 facility is in
operation, which provides the capacity to harvest up to approximately 9,500 tons
(HOG) of salmon annually. The Company completed its first commercial harvest in
the US in September 2020. Atlantic Sapphire is currently developing its Phase 2
expansion, which will bring total annual production capacity to 25,000 tons and
has a long-term targeted harvest volume of 220,000 tons.

This information is published in accordance with the requirements of the
Continuing Obligations for companies listed on Euronext Oslo Børs and Section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site