Salmon Evolution ASA — Earnings Release 2026

Apr 28, 2026

Salmon Evolution ASA: Q1 2026 trading update

Salmon Evolution ASA: Q1 2026 trading update

Salmon Evolution ASA's (OSE: SALME) (the "Company") results for the first

quarter 2026 are scheduled, as per the Company's current financial calendar,

to be announced by the Company on 6 May 2026 and to be approved by the Board

of Directors of the Company prior to such announcement. Due to the proximity

of the contemplated private placement, as further described in a separate

announcement from the Company today, Salmon Evolution provides the following

selected, preliminary and estimated figures related to the Company's Q1 2026

results:

* For the Group the following approximate financial figures; Operational

revenues 152 NOKm, operational EBITDA 9 NOKm and operational EBIT -11 NOKm.

* For the Farming segment the following approximate financial figures;

Operational EBITDA 18 NOKm and a farming EBITDA cost of 72.6 NOK/kg.

The Company provides this information based on the current status of

completing its first quarter 2026 results and report. It is emphasised that

not all of its financial reporting and related consolidation, review and

control procedures are completed. The estimates provided in this release are

therefore subject to finalisation and change. Consequently, the first quarter

2026 results finally approved and released by the Company may deviate from the

information included herein.

The information provided in this release includes certain alternative

performance measures ("APMs"). These APMs are consistent with those used in

the Company's annual and quarterly financial statements and reference is made

to the Company's annual report for 2025 for definition and use of the APMs.

This information is considered to be inside information pursuant to Regulation

EU 596/2014 (MAR) and is subject to the disclosure requirements pursuant to

MAR article 17 and section 5-12 of the Norwegian Securities Trading Act. The

information was submitted for publication by Trond Vadset Veibust, CFO, at the

time and date set out above.

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 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.

Forward looking information

This document contains forward-looking statements. All statements other than

statements of historical fact included in this information are forward-looking

statements. Forward-looking statements are current expectations and

projections relating to the Company's financial condition, results of

operations, plans, objectives, future performance and business. These

statements may include, without limitation, any statements preceded by,

followed by or including words such as "target," "believe," "expect," "aim,"

"intend," "may," "anticipate," "estimate," "plan," "project," "will," "can

have," "likely," "should," "would," "could" and other words and terms of

similar meaning or the negative thereof. Such forward-looking statements

involve known and unknown risks, uncertainties and other important factors

beyond the Company's control that could cause the Company's actual results,

performance or achievements to be materially different from the expected

results, performance or achievements expressed or implied by such

forward-looking statements. Such forward-looking statements are based on

numerous assumptions regarding the Company's present and future business

strategies and the environment in which it will operate in the future. The

Company does not provide any guarantees that the assumptions underlying the

forward-looking statements in this announcement are free from errors nor does

it accept any responsibility for the future accuracy of the opinions expressed

in this announcement or any obligation to update or revise the statements in

this announcement to reflect subsequent events. Readers should not place undue

reliance on the forward-looking statements in this document. The information,

opinions and forward-looking statements contained in this announcement speak

only as at its date, and are subject to change without notice. The Company

does not undertake any obligation to review, update, confirm, or to release

publicly any revisions to any forward-looking statements to reflect events

that occur or circumstances that arise in relation to the content of this

announcement.