Arctic Fish Holding

Regulatory Filings • Jan 18, 2024

Arctic Fish (AFISH): Q4-23 Trading update

Arctic Fish (AFISH): Q4-23 Trading update

Harvested volumes for the fourth quarter of 2023 were 2.5 thousand tonnes gutted weight.

The Operational EBIT in the quarter amounted to 4.2 MEUR.

The Net Interest Bearing Debt (ex IFRS 16 effects) at the end of the quarter was 115 MEUR.

A full Q4 2023 report will be released on the 14th of February 2024 at 06:30 CET.

For further information, please contact: CFO Baldur Smári Einarsson, +354 6901222

Arctic Fish in brief

Arctic Fish (AFISH) has 27 100 tonnes of Maximum Allowed Biomass licenses (MAB) to farm salmon and trout. The licenses are in the Westfjords of Iceland. Out of the total license volume, 5 300 tonnes are for trout, which are not currently being utilized and will be converted to salmon licenses in the ongoing application process. Arctic Fish is one of the leading salmon farmers in Iceland and has an attractive and sustainable setup of licenses with active licenses in 4 fjords and applications being finalized in one additional fjord that can bring the total volume up to 31 900 tonnes in the coming years. The company owns a state-of-the-art RAS hatching and smolt production facility that is the foundation of the operations and recently completed investments in its harvesting facility to obtain a larger part of the value chain that will contribute to the future growth of the company.

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