Regulatory Filings • Dec 4, 2025
Regulatory Filings
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Proximar Seafood Extraordinary Production Update: Fish growth picking up - Biomass at ~1,800 tonnes by end of November
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, [email protected]
Ole Chr. Willumsen, CFO, +47 48 21 34 29, [email protected]
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.
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