Salmon Evolution ASA — Earnings Release 2026

May 6, 2026

Salmon Evolution ASA: Ready for the next chapter

Salmon Evolution ASA: Ready for the next chapter

Following initiation of operations in phase 2 with first smolt release

completed, and a successful equity raise and refinancing providing a solid

capital structure going forward, Salmon Evolution (OSE: SALME) is ready for

the next chapter.

Salmon Evolution is at a genuine inflection point. At the core is a proven

platform where the heavy lifting is done. Over the next 12 months production

volumes are expected to more than double, driven by improved productivity in

Phase 1 and the ramp up of Phase 2. This marks the transition from a period

dominated by investments to harvesting the full value of the platform

"I am incredibly proud of the collective effort that has brought Salmon

Evolution to where we are today. This milestone would not have been possible

without the dedication and hard work of our entire organization", Trond Håkon

Schaug-Pettersen, CEO of Salmon Evolution said. "With phase 2 operational and

a solid capital structure in place, we are ready for the next chapter", he

said.

Highlights:

* Indre Harøy phase 2 taken into operation with first smolt release

completed. On track for subsequent milestones.

* 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.

* Revenues of 152.2 NOKm, farming EBITDA 17.6 NOKm and group EBITDA 9.5 NOKm

in Q1.

* Solid capital structure in place following completion of refinancing and

private placement in April - existing long-term debt facilities increased by

250 NOKm and private placement raising gross proceeds of 411.3 NOKm.

Results presentation:

CEO Trond Håkon Schaug-Pettersen and CFO Trond Vadset Veibust will present the

results for the first quarter 2026 at Hotel Continental in Oslo, Norway,

Wednesday 6 May at 08:00 CET.

The presentation and Q&A will be held in English, and participants may also

follow the presentation and submit questions through a live webcast available

on www.salmonevolution.no or with the following link:

https://events.webcast.no/salmon-evolution/OEpmPDaoyhi5siPjdg0b/tRV9xE9OMGn8WpV3qhJw

(https://eur04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fevents.webcast.no%2Fsalmon-evolution%2FOEpmPDaoyhi5siPjdg0b%2FtRV9xE9OMGn8WpV3qhJw&data=05%7C02%7Ctvv%40salmone.no%7C7376eed9de5e4b68e68208dea9d4d9f3%7C20bd2ad2a98f4ade844485d4917cfd99%7C0%7C0%7C639134928834217107%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=DI40w3spY3qbgIngZqU3x40J6LIKYHJ4Bh%2Bh7xXVfQQ%3D&reserved=0)

A recording of the webcast will be made available on our website after the

presentation.

Find the report by using the following link:

https://salmonevolution.wrep.it/q1-2026 or see attached PDF.

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.

This information is subject to disclosure under the Norwegian Securities

Trading Act, §5-12. The information was submitted for publication, through the

agency of the contact persons set out above, at 2026-05-06 06:30 CEST.