Salmon Evolution ASA - Earnings Release 2026

Salmon Evolution ASA: Q1 2026 operational update

Salmon Evolution (OSE: SALME) has seen a significant step-change in growth

following implementation of new feed and changes to operational protocols

during Q1, reinforcing confidence in the stated operational targets for the

coming periods.

Key summary:

* Harvest of 1,765 tonnes HOG in line with guidance, at an all-in price

realization of ~84 NOK/kg

* Biomass growth in Q1 affected by adaptation period on new feed and testing

of new operating protocols

* Step-change in growth post implementation

* Key prerequisites for significant improvement in biomass growth in coming

periods in place -- spillover to harvest volumes and weights during the

second half of 2026

* First smolt phase 2 in less than 14 days

For further information, please contact:

Trond Håkon Schaug-Pettersen, CEO

+47 91 19 13 27

Trond Vadset Veibust, CFO

+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 proof of concept at Indre Harøy, Salmon Evolution targets significant

expansion.

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

please visit www.salmonevolution.no.

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