Bakkafrost: Q1 2026 Trading Update
FARMING
In Q1 2026, the harvest volumes for Bakkafrost's operation in the Faroe Islands and Scotland were:
| Region | Month | Q1 2026 Harvest volume (thousand tonnes HOG) | Q1 2026 Average weight (kg) | YTD 2026 Harvest volume (thousand tonnes HOG) |
| Faroe Islands | January | 8.3 | 5.9 | 25.1 |
| February | 7.7 | 5.8 | ||
| March | 9.2 | 5.7 | ||
| Q1 total | 25.1 | 5.8 | ||
| Scotland | January | 1.3 | 6.0 | 6.2 |
| February | 2.1 | 6.3 | ||
| March | 2.8 | 6.6 | ||
| Q1 total | 6.2 | 6.4 |
Based on preliminary numbers, Q1 2026 incident-based mortality costs in Farming were:
- Faroe Islands: 0 mDKK
- Scotland: 2 mDKK
FRESHWATER
The smolt release in Q1 2026 was (in millions):
| Q1 2026 | YTD 2026 | |
| Faroe Islands | 3.9 | 3.9 |
| Scotland | 1.0 | 1.0 |
Based on preliminary numbers, Q1 2026 incident-based mortality costs in Freshwater were:
- Faroe Islands: 0 mDKK
- Scotland: 15 mDKK
FISHMEAL, OIL AND FEED (FOF)
In Q1 2026, the volumes sourced and sold in the FOF segment were (in thousand tonnes):
| Month | Marine raw material sourcing | Feed sales | Fish meal sales | Fish oil sales |
| January | 24.5 | 12.9 | 1.2 | 0.0 |
| February | 20.5 | 10.4 | 0.0 | 0.0 |
| March | 6.0 | 12.2 | 0.0 | 0.0 |
| Q1 Total | 51.0 | 35.4 | 1.2 | 0.0 |
| YTD 2026 Total | 51.0 | 35.4 | 1.2 | 0.0 |
The full Q1 2026 report will be released on 19 May 2026 at 06:00 CET.
Contacts:
· Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01 (mobile)
· Høgni Dahl Jakobsen, CFO of P/F Bakkafrost: +298 23 50 60 (mobile)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.