Arctic Fish Holding

Earnings Release • Nov 5, 2025

Arctic Fish (AFISH): Q3 2025 – Record-high harvest volumes

Arctic Fish (AFISH): Q3 2025 – Record-high harvest volumes

Highest ever quarterly harvest volumes, as the company harvested 5,401 tonnes in Q3 2025 compared to 3,407 tonnes in Q3 2024.

29.0 MEUR revenues in the quarter (20.7 MEUR Q3 2024). The increase is volume driven as more volumes were harvested compared to last year.

Operational EBIT amounted to -1.21 EUR pr. kg compared to 0.27 EUR pr. kg in Q3 2024, which is largely due to lower prices.

Harvest volume guidance for 2025 maintained at record-high 14.0 thousand tonnes GW.

Guidance for 2026 will be another record year at 17.5 thousand tonnes GW.

The presentation materials are attached to this notice and can also be found on the company website: https://www.arcticfish.is/investor-relations/

For information, please contact:

Daníel Jakobsson

Email: dja@afish.is

Tel: +354 820 6827

Baldur Smári Einarsson

Email: bse@afish.is

Tel: +354 690 1222

Arctic Fish in brief

Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and sustainable value chain from smolt to sales. The production capacity for the company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses covering 10 farming areas in 5 different fjords, all located in the Westfjords of Iceland. The company's value chain consists of a state-of-the-art RAS hatching and smolt production facility, attractive sea sites with high bearing capacity and high-energy equipment, and a newly completed harvesting facility with sufficient capacity to secure the utilization of the licenses and growth objectives for the company.

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