Måsøval AS Q1 26 Report

STRONG BIOLOGICAL PERFORMANCE DRIVES 2026 MOMENTUM

Sistranda, 21.05.2026

Today, Måsøval announced its results for the first quarter of 2026. The Group delivered a harvest volume of 4 712 GWT, revenue of MNOK 510 and an operational EBIT of MNOK 28.

"We enter the second quarter with record-high biomass, strong growth rates, and robust fish health - providing an excellent foundation for an improved operational and financial performance going forward," said Helge Kvalvik, CEO of Måsøval AS.

In Q1 2026 Måsøval produced 8 347 tonnes WFE, up from 7 030 tonnes WFE Q1 2025. "The increased sea production reflects the structured and dedicated work carried out by our teams across fish health, biosecurity, improved smolt quality and operational excellence - all central priorities in the Group's strategy", continues CEO Helge Kvalvik.

In first quarter, the Group experienced positive development across key drivers: · Record-high biomass entering the second quarter · Cost reductions expected across all segments and regions in Q2 · Harvest volume guidance for full-year 2026 increased from 27.200 GWT to 28.000 GWT · Improved superior share from 62% Q1 2025 to 85% Q1 2026

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/Ra6pRt8H4D9Si5QyIdwMRQ

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

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 2026-05-21 06:00 CEST.