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Regulatory press release

AFISH: Q2 2025 Trading update

Arctic Fish Holding
Harvested volumes in the second quarter of 2025 were 2.0 thousand tonnes gutted
weight.

The Operational EBIT in the quarter amounted to negative 4.4 MEUR.

The Net Interest-Bearing Debt (ex IFRS 16 effects) at the end of the quarter was
145 MEUR.

A full Q2 report will be released on the 20th of August 2025 at 06:30 CEST.

For further information, please contact: CFO: Baldur Smári Einarsson - Email:
bse@afish.is - Tel: +354 690 1222


Arctic Fish in brief
Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and
sustainable value chain from smolt to sales. The production capacity for the
company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses
covering 10 farming areas in 5 different fjords, all located in the Westfjords
of Iceland. The company's value chain consists of a state-of-the-art RAS
hatching and smolt production facility, attractive sea sites with high bearing
capacity and high-energy equipment, and a newly completed harvesting facility
with sufficient capacity to secure the utilization of the licenses and growth
objectives for the company.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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