Salmon Evolution ASA - Regulatory Filings 2025

Salmon Evolution ASA: Q1 2025 operational update

Salmon Evolution (OSE: SALME) sets new production record in Q1-25 and reports

an all-time high standing biomass at the end of the quarter.

Q1 operational summary:

* New all-time high standing biomass of 2,939 tonnes LW at the end of the

quarter, a 45% increase since Q4-24 -- standing biomass at targeted run-rate

levels.

* New production record of 1,624 tonnes LW, up 7% from Q4-24, continuing the

trend of steadily increasing production.

* Harvest volume of 581 tonnes HOG, reflecting deliberate focus on biomass

growth.

* All-in price realization on harvested fish of NOK ~75/kg.

"We continue to see stable operations across the farm with strong biological

KPIs. Coupled with a new production record in Q1 and also hitting our standing

biomass target, we are very well positioned for continued operational

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

Schaug-Pettersen said.

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 with a

clear roadmap for 100,000 tonnes HOG annual production capacity. 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.

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