Gigante Salmon: Publication Annual Report 2025 – from developer to fish farmer
Bodø, Norway, 04 March 2026
The Board of Directors of Gigante Salmon AS has approved the annual report for 2025 which is published today.
The annual report for 2025 is attached to this announcement, and also available on the company´s website: https://gigantesalmon.no/investor/rapporter-og-presentasjoner/
Throughout 2025, the company reached several milestones, with more expected in 2026:
• Pools A and B are in full operation, and Pool C will be ready for operation in spring 2026. In Pool A, 2.4 million smolt were stocked during the third and fourth quarters. • Successful completion of the first harvest from Generation Autumn 2024. The remaining harvests from Generation Autumn 2024 are planned for Q1 and Q2 2026. • An extraordinary general meeting was held, and an authorization was granted to carry out a planned capital increase of NOK 150–300 million. The company completed a highly successful private placement in February 2026, raising NOK 360 million to support the continued build‑up of working capital and the finalization of the facility.
The ramp-up of production continues as planned, and in the second half of 2026 we expect additional smolt stocking of approximately 3.3 million fish—an important step toward full capacity utilization.
For further information, please contact:
Kjell Lorentsen, CEO Phone: +47 911 22 688 E-mail: kjell@gigante.no
Benny Hansen, CFO Phone: +47 907 80 292 E-mail: benny@gigantesalmon.no
Gigante Salmon: Gigante Salmon is a land-based salmon farming company with its first production facility under construction on Lille Indre Rosøy in Rødøy, Norway. The Company’s aquaculture concept is based on a flow-through system, combining the benefits of conventional and land-based aquaculture while simultaneously eliminating issues associated with conventional, sea based, farming. Visit www.gigantesalmon.no for more information. This information is subject to disclosure under the Norwegian Securities Trading Act, §5-12.