Atlantic Sapphire

Earnings Release • Oct 1, 2024

Atlantic Sapphire ASA: Q3 2024 Trading Update

Atlantic Sapphire ASA: Q3 2024 Trading Update

Miami, FL, October 1, 2024

Atlantic Sapphire ASA along with its subsidiaries (collectively, the “Company”) harvested a total volume of approximately 1,300t HOG for the third quarter ended 30 September 2024 (Q3 2023: 365t). Harvest weight has increased during the quarter as the standing biomass has been adapted to the current feeding capacity during the quarter according to prior communication from the Company.

During the third quarter, biological development progressed favorably with stable water quality and temperatures, low mortalities, and increased harvest weight throughout the quarter following the operational measures taken to increase harvest size. The realized average harvest weight was 1.42 kg HOG in July, 1.55 kg HOG in August, and 2.19 kg HOG in September. In addition, the Company has adapted its biomass to current feeding volumes and expects further increased average harvest weight in the fourth quarter of 2024.