Q4 2025 Trading Update

FARMING

In Q4 2025, the harvest volumes for Bakkafrost's operation in the Faroe Islands and Scotland were:

+-------------+--------+---------------------+--------------+------------------- --+ |Region |Month | Q4 2025 | Q4 2025 | YTD 2025 | | | | Harvest volume |Average weight| Harvest volume | | | |(thousand tonnes HOG)| (kg) |(thousand tonnes HOG)| +-------------+--------+---------------------+--------------+------------------- --+ |Faroe Islands|October | 9.5 | 5.4 | 83.6 | +-------------+--------+---------------------+--------------+------------------- --+ | |November| 7.6 | 5.9 | +-------------+--------+---------------------+--------------+------------------- --+ | |December| 6.2 | 5.4 | +-------------+--------+---------------------+--------------+------------------- --+ | |Q4 total| 25.4 | 5.2 | +-------------+--------+---------------------+--------------+------------------- --+ | | | | | | +-------------+--------+---------------------+--------------+------------------- --+ |Scotland |October | 1.9 | 2.8 | 23.2 | +-------------+--------+---------------------+--------------+------------------- --+ | |November| 1.6 | 6.0 | +-------------+--------+---------------------+--------------+------------------- --+ | |December| 1.1 | 5.8 | +-------------+--------+---------------------+--------------+------------------- --+ | |Q4 total| 4.6 | 4.1 | +-------------+--------+---------------------+--------------+------------------- --+

Based on preliminary numbers, Q4 2025 incident-based mortality costs in Farming were:

· Faroe Islands:         0 mDKK · Scotland:             58 mDKK     (nearly half of this was caused by the                                    Pasterella incident at Portree in Q3)

RESHWATER

The smolt release in Q4 2025 was (in millions):

+-------------+-------+--------+ | |Q4 2025|YTD 2025| +-------------+-------+--------+ |Faroe Islands| 5.3| 18.7| +-------------+-------+--------+ |Scotland | 2.2| 7.3| +-------------+-------+--------+

Based on preliminary numbers, Q4 2025 incident-based mortality costs in Freshwater were:

· Faroe Islands:         0 mDKK · Scotland:              2 mDKK     (mainly culling costs at the Couldoran hatchery)

FISHMEAL, OIL AND FEED (FOF) In Q4 2025, the volumes sourced and sold in the FOF segment were (in thousand tonnes):

+--------+----------+----------+---------------+--------------+ |Month |Marine raw|Feed sales|Fish meal sales|Fish oil sales| | |material | | | | | |sourcing | | | | +--------+----------+----------+---------------+--------------+ |October | 11.1 | 18.6 | 1.2 | 0.0 | +--------+----------+----------+---------------+--------------+ |November| 22.8 | 14.0 | 0.0 | 0.0 | +--------+----------+----------+---------------+--------------+ |December| 5.9 | 14.6 | 1.2 | 0.0 | +--------+----------+----------+---------------+--------------+ |Q4 Total| 39.8 | 44.7 | 2.4 | 0.0 | +--------+----------+----------+---------------+--------------+ | | | | | | +--------+----------+----------+---------------+--------------+ |YTD 2025| 349.2 | 165.2 | 20.2 | 0.0 | |Total | | | | | +--------+----------+----------+---------------+--------------+

The full Q4 2025 report will be released on 9 February 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.