Arctic Fish (AFISH): Q4 2025 – Record harvest volumes in 2025 and positive outlook for 2026

Quarterly harvest volumes amounted to 4,229 tonnes compared to 3,456 tonnes in Q4 2024 (Δ 22% YoY).

Harvest volumes for 2025 amounted to a record-high 14,791 tonnes GW (Δ 39% YoY).

The overall outlook for 2026 is positive with guidance for 2026 being 17.5 thousand tonnes, and Q1 2026 volume guidance at 5.6 thousand tonnes (Δ 78% YoY).

Biological performance in the quarter was well above expectations with ongoing positive development to start off 2026, as a result the standing biomass is 25% higher than at the same period last year at 17,159 tonnes.

Forecasting lower cost levels, with cost reduction measures continuing to be a high priority going forward. 
 Operational EBIT amounted to 0.04 EUR pr. kg compared to 0.61 EUR pr. kg in Q4 2024, which is largely due to lower prices as a result of harvest timing.

A new site called Trostansfjörður was approved in December and will improve the utilization on our Arnarfjörður license.

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.