MÅSØVAL AS MAS Rapport

Måsøval AS Q4 25 Report

26. February 2026 kl. 06:00

DESPITE A CHALLENGING 2025 MÅSØVAL HAS BUILT A SOLID FOUNDATION FOR 2026

Sistranda, 26.02.2026 Today, Måsøval announced its results for the fourth quarter and preliminary results for the full year 2025. The Group reports a harvest volume of 8 684 GWT in the quarter, including 2 875 GWT from commercial co-location agreements, bringing the total harvest volume for 2025 to a record high harvest volume of 28 467 GWT.

During the fourth quarter, the Group experienced continued positive development in key biological drivers: · Increased capacity in treatment and harvesting facilities strengthened preparedness and ensured operational control in a quarter marked by unusually high sea temperatures and elevated lice pressure. · 16% higher net growth in sea during quarter, driven by lower mortality and improved fish welfare. · The superior (SUP) share increasing to 89% in the quarter. · Several initiatives implemented in 2025 strengthened our operational resilience and position for continued growth. "In 2025, we demonstrated strong operational control despite heavy lice pressure and elevated sea temperatures. While biological performance depends on several factors, we enter 2026 expecting that the positive trend will continue, supported by the measures we are implementing and the steadfast commitment of our competent team", said Helge Kvalvik, CEO of Måsøval AS.

Måsøval's CEO Helge Kvalvik and CFO Anders Hagestande will present the results in Norwegian at 08:00 in Auditorium H2, Haakon VIIs gate 2, Vika. The presentation can also be followed via this link: https://qcnl.tv/p/RpeBiimFOS5xUpKqSb4nwg

Forward looking statements: This release may be deemed to include forward-looking statements, including statements relating to Måsøval's goals and strategies, salmon prices, the ability to increase or vary harvest volume, production capacity, trends in the seafood industry, restructuring initiatives, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, and the effects of any extraordinary events and other matters (including developments in laws, regulations and governmental policies regulating the industry, as well as changes in accounting policies, standards and interpretations) on Måsøval's business and results. Forward-looking statements are Måsøval's current estimates or expectations of future events or future results. Actual results could differ materially from those indicated by these statements because their realization is subject to many risks and uncertainties. All forward-looking statements included in this release are based on information available at the time of the release, and Måsøval assumes no obligation to update any forward-looking statement.

Contacts Anders Hagestande, CFO, Måsøval AS, +47 415 82 138, anders.hagestande@masoval.no Helge Kvalvik, CEO, Måsøval AS, +47 97 97 97 72, helge.kvalvik@masoval.no

About Måsøval Måsøval is a fully integrated producer of Atlantic salmon with more than 50 years of operational experience. Based on the island of Frøya in Central Norway, the company controls the entire value chain -from smolt production to sea-based farming, harvesting, processing, and global sales.

This integrated model ensures full control, operational efficiency, and consistent delivery of premium Atlantic salmon to the global market. Måsøval is committed to sustainable growth, fish welfare, and long-term value creation.

This information is subject to disclosure under the Norwegian Securities Trading Act, §5-12. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-02-26 06:00 CET.

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Måsøval AS Q4 25 Report.pdf
PDF
Masoval AS Q4 25 Presentation.pdf