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Andfjord Salmon

Regulatory Filings Nov 12, 2025

3534_rns_2025-11-12_974bbdae-d590-487d-a240-9790540a2a92.html

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Andfjord Salmon: Seamless smolt release into pool K1

Andfjord Salmon: Seamless smolt release into pool K1

12.11.2025 07:30:00 CET | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon Group AS (Andfjord Salmon) is pleased to announce the successful

release of approximately 750,000 smolt in the recently completed pool K1 at

Kvalnes, Andøya. Biological conditions in pool K0 remain excellent.

The around 750,000 smolt, at an average weight of around 160 grams, have been

gently transferred from a live fish carrier to pool K1 during the last couple of

days. The fish have swiftly acclimated to their new seawater flow-through

environment.

Pool K1 is the first new pool of the ongoing build-out phase, which will add

three more adjacent pools. The future plan is to eventually have a cluster of 12

pools in total, across two parallel rows, at the land section at Kvalnes that

has already been excavated.

"Initiating fish farming operations in the first new pool of this build-out

phase is an crucial operational and commercial milestone for Andfjord Salmon. It

demonstrates our ability to replicate large-scale flow-through systems and, more

importantly, ramps our fish farming operations considerably," says Martin

Rasmussen, CEO of Andfjord Salmon.

Andfjord Salmon has released approximately 1.1 million smolt this autumn. The

first 350,000 smolt, with an average weight of around 180 grams, were released

in pool K0 on 30 September. So far, only 264 mortalities have been recorded in

pool K0, equivalent to a survival rate of 99.92%.

"Pool conditions in K0 are first-rate, with associated high survival rates and

solid growth. As of today, the average weight of the fish in K0 is 410 grams.

This means that the fish have grown by approximately 128 % since release, which

is ahead of our schedule," adds Martin Rasmussen.

Andfjord Salmon will provide a detailed operational update, and present the

company's third quarter 2025 financial results, on Thursday 27 November 2025.

Photos

To download photos and video from pool K1, click here:

https://collection.cloudinary.com/andfjord/c025a05a33db2ae93ed6ea2a14855e6f

CONTACTS

* Investors: Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,

[email protected]

* Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,

[email protected]

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord

Salmon is developing the world's most sustainable and fish-friendly aquaculture

facility of its kind. Through a proprietary flow-through system, Andfjord Salmon

combines the best from ocean and land-based salmon farming. In its first

production cycle, the company achieved an industry-leading survival rate of 97.5

percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and

required 1 kWh to produce one kilo of salmon. For more information, see

www.andfjordsalmon.com - http://www.andfjordsalmon.com.

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