Kaldvík AS: Update on financial situation

Core Viewpoint - Kaldvik AS is facing potential financial covenant breaches due to negative factors impacting its outlook for Q1 2026, including early harvest and declining salmon prices [1][2] Group 1: Financial Performance and Outlook - The Company reported Q3 2025 results on 21 November 2025, which indicated a deteriorating outlook for Q1 2026 [1] - External factors, particularly a reduction in salmon prices, have contributed to the Company's challenging financial situation [1] - The Company is at risk of breaching one or more financial covenants in its senior bank debt facility in Q1 or later in 2026 [1] Group 2: Actions and Communication - In anticipation of a potential covenant breach, the Company has begun discussions with its lenders to request a covenant waiver [2] - The Company will provide further updates as material developments occur [2] Group 3: Company Overview - Kaldvik AS is the leading salmon farmer in Iceland, with a fully integrated value chain from hatchery to sales [3] - The Company is dual-listed on Euronext Growth Oslo and First North Iceland Growth Market [3] - Kaldvik AS focuses on providing sustainable premium products to its customers [3]