Quarterly harvest volumes amounted to an all-time high of 6,029 tonnes compared
to 3,140 tonnes in Q1 2025 ( 92% YoY).
The overall outlook for 2026 remains positive as guidance for 2026 has been
increased to 18.0 thousand tonnes. ( 22% YoY).
Biological performance in the quarter was above expectations, as a result the
standing biomass is 21% higher than at the same period last year at 13,716
tonnes.
Forecasting lower cost levels, with cost reduction measures continuing to be a
high priority going forward.
Operational EBIT amounted to 0.33 EUR pr. kg compared to 0.16 EUR pr. kg in Q1
2025 ( 106% YoY), which can be traced to cost level improvements as the price
achievement was lower YoY.
The presentation materials are attached to this notice and can also be found on
the company website: https://www.arcticfish.is/investor-relations/
For information, please contact:
Daníel Jakobsson
Email: dja@afish.is
Tel: +354 820 6827
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.
section\
5-12 of the Norwegian Securities Trading Act.\