Andfjord Salmon

Andfjord Salmon: Solid fish farming performance | Q3 2025 financial results

16.12.2025 07:00:00 CET | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon Group AS ("Andfjord Salmon" or "the company") today provides an

update on its fish farming operations, which are experiencing stable biological

conditions, high survival rates and healthy growth, and presents the company's

third quarter financial results.

During September and October, Andfjord Salmon re-initiated fish farming

operation at Kvalnes, Andøya. A total of approximately 1.1 million smolt were

released in pool K0 (350,000) and pool K1 (750,000).

"The biological conditions have remained stable in both pools following smolt

release. In pool K0, the fish growth is more than 30 percent ahead of

Skretting's growth table for ocean net pen. Solid growth in combination with

high survival rates result in rapid ramp-up of biomass. We are very pleased with

our fish farming performance so far," says Martin Rasmussen, CEO of Andfjord

Salmon.

PRESENTATION AT 08:00 (CEST) TODAY

Andfjord Salmon will provide an operational update and present the company's

third quarter 2025 results at 08:00 today. The webcast presentation can be

viewed from this URL:

https://qcnl.tv/p/GieayTPCEQETvAYTdKY7hA

The presentation material and third quarter 2025 report are enclosed to this

announcement.

CONTACTS

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

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

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.

ATTACHMENTS

Q3 2025 presentation.pdf -

https://kommunikasjon.ntb.no/ir-files/17847566/18752660/6641/Q3%202025%20present

ation.pdf

Andfjord_Q3_interim_report_15122025.pdf -

https://kommunikasjon.ntb.no/ir-files/17847566/18752660/6642/Andfjord_Q3_interim

_report_15122025.pdf

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