Masoval AS

Capital/Financing Update • Sep 25, 2025

Måsøval AS - Waiver from financial covenant on interest cover ratio in Q3 2025

Måsøval AS has initiated a waiver process with its lenders under its senior bank financing of NOK 1.9 bn. for a temporary waiver of the financial covenant on interest cover ratio of no less than 3.00 x for Q3 2025.

This process has now been completed, and the lenders have approved a temporary waiver of the requirements for interest cover ratio for Q3 2025.

The requirement on equity ratio to be higher than thirty per cent (30%) will remain in effect for Q3 2025.

Contacts

Anders Hagestande, CFO, Måsøval AS, +47 415 82 138, anders.hagestande@masoval.no Helge Kvalvik, CEO, Måsøval AS, +47 97 97 97 72, helge.kvalvik@masoval.no

About Måsøval

Måsøval is a fully integrated producer of Atlantic salmon with more than 50 years of operational experience. Based on the island of Frøya in Central Norway, the company controls the entire value chain -from smolt production to sea-based farming, harvesting, processing, and global sales.

This integrated model ensures full control, operational efficiency, and consistent delivery of premium Atlantic salmon to the global market. Måsøval is committed to sustainable growth, fish welfare, and long-term value creation.

This information is subject to disclosure under the Norwegian Securities Trading Act, §5-12. The information was submitted for publication at 2025-09-25 16:57 CEST.