Salmon Evolution ASA — Earnings Release 2025

Jul 8, 2025

Salmon Evolution ASA: Q2 2025 operational update

Salmon Evolution ASA: Q2 2025 operational update

Salmon Evolution (OSE: SALME) reports continued improvement in operational

performance with all-time high production towards end of Q2.

Q2 operational summary:

* Harvest of 1,232 tonnes HOG with all-in price realization of NOK ~72/kg.

* Continued improvement in operational performance with underlying biomass

production of 1,700+ tonnes LW during the quarter.

* Q2 net biomass growth of 1,604 tonnes LW following precautionary pause in

feeding in connection with blasting activities for phase 2 water intake

pipes, reducing biomass growth with approximately 100 tonnes.

* Fully stocked farm with a standing biomass of 3,043 tonnes LW per Q2,

aligned with run-rate target both in volume and individuals.

* All-time high production towards end of Q2 -- well positioned for continued

positive development.

"Salmon Evolution continues to see stable operations across the farm and

enters Q3 with a fully stocked farm and a good biomass composition, boding

well for continued positive development in operational KPIs and harvest

weights over the coming quarters", CEO of Salmon Evolution, Trond Håkon

Schaug-Pettersen said.

For further information, please contact:

Trond Håkon Schaug-Pettersen, CEO

thsp@salmone.no

+47 91 19 13 27

Trond Vadset Veibust, CFO

tvv@salmone.no

+47 48 09 05 95

About Salmon Evolution

Salmon Evolution is the global leader within land-based salmon farming.

Pioneering the hybrid flow-through system (HFS), Salmon Evolution is Extending

the Ocean Potential by creating optimal growth conditions in a controlled

environment on land. This approach, capturing the benefits of both land-based

and sea-based farming, puts biology first and limits operational and

biological risk.

Salmon Evolution is strategically located the heart of the global aquaculture

industry on the west coast of Norway, where the Company has its first facility

and global centre of excellence fully operational at industrial scale. Enabled

by the proof of concept in Norway, Salmon Evolution targets significant

international expansion.

Salmon Evolution is listed on Oslo Børs under the ticker SALME. To learn more,

please visit www.salmonevolution.no.