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Bakkafrost P/f — Earnings Release 2025
Oct 3, 2025
7331_iss_2025-10-02_32953250-6fd7-4420-9141-e5fda83eba85.html
Earnings Release
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Q3 2025 Trading Update
Q3 2025 Trading Update
FARMING
In Q3 2025, the harvest volumes for Bakkafrost's operation in the Faroe Islands
and Scotland were:
+-------------+---------+-----------------+-----------------+
|Region |Month |Harvest volume |Average weight |
| | | | |
| | |(thousand tonnes)|(kg) |
+-------------+---------+-----------------+-----------------+
|Faroe Islands|July | 6.1| 4.8|
+-------------+---------+-----------------+-----------------+
| |August | 9.6| 5.2|
+-------------+---------+-----------------+-----------------+
| |September| 9.7| 5.6|
+-------------+---------+-----------------+-----------------+
| |Q3 total | 25.4 | 5.2|
+-------------+---------+-----------------+-----------------+
| | | | |
+-------------+---------+-----------------+-----------------+
|Scotland |July | 2.4| 5.1|
+-------------+---------+-----------------+-----------------+
| |August | 1.6| 4.4|
+-------------+---------+-----------------+-----------------+
| |September| 1.2| 4.7|
+-------------+---------+-----------------+-----------------+
| |Q3 total | 5.3| 4.8|
+-------------+---------+-----------------+-----------------+
All harvest volumes are provided in head-on gutted (HOG) equivalents.
Based on preliminary numbers, Q3 2025 incident-based mortality costs in the
farming segments are estimated to be:
· Faroe Islands: 0 mDKK
· Scotland: 59 mDKK (mainly occurred in September at the
Portree farming site)
FRESHWATER
The smolt release in Q3 2025 was:
· Faroe Islands: 4.8 million
· Scotland: 3.3 million
FISHMEAL, OIL AND FEED (FOF)
In Q3 2025, the volumes sourced and sold in the FOF segment where (in thousand
tonnes):
+---------+----------------------------+----------+---------------+-------------
-+
|Month |Marine raw material sourcing|Feed sales|Fish meal sales|Fish oil
sales|
+---------+----------------------------+----------+---------------+-------------
-+
|July | 18.3 | 15.2 | 2.7 | 0.0
|
+---------+----------------------------+----------+---------------+-------------
-+
|August | 5.9 | 17.1 | 1.2 | 0.0
|
+---------+----------------------------+----------+---------------+-------------
-+
|September| 16.2 | 16.7 | 1.2 | 0.0
|
+---------+----------------------------+----------+---------------+-------------
-+
|Q3 Total | 40.3 | 49.1 | 5.1 | 0.0
|
+---------+----------------------------+----------+---------------+-------------
-+
The full Q3 2025 report will be released on 4 November 2025 at 06:00 CET.
Contacts:
. Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01 (mobile)
. Høgni Dahl Jakobsen, CFO of P/F Bakkafrost: +298 23 50 60 (mobile)
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.