Core Insights - Lerøy Seafood Group reported solid operations and good biological performance in Q4 2025, with an operational EBIT of NOK 758 million, driven by strong contributions from Farming and the Value-Added Processing, Sales and Distribution (VAP S&D) segment [1] Farming Segment - The farming segment achieved an operational EBIT of NOK 564 million in Q4 2025, slightly lower than the same period last year, but salmon and trout prices improved significantly towards the end of the quarter [2] - Biological performance in the farming segment was better than expected, and costs declined quarter-on-quarter, leading to a favorable biological situation entering 2026 [2] VAP S&D Segment - The VAP S&D segment delivered an operational EBIT of NOK 317 million in Q4 2025, marking a 15% increase compared to the same period last year [3] - The operational EBIT for the entire year 2025 reached NOK 1,290 million, surpassing the ambitious target of NOK 1.25 billion set in 2022 [3][4] Wild Catch Segment - The wild catch segment reported an operational EBIT of NOK -29 million in Q4 2025, a decline from NOK 6 million in the same quarter last year, due to lower catch volumes and high raw material prices impacting margins [5] Outlook for 2026 - For 2026, Lerøy expects a decrease in cost per produced kilo in farming compared to 2025, with a guided harvest volume in Norway remaining at 195,000 GWT and a total expected volume of 216,500 GWT including Scottish Sea Farms [6] - Continued good biological development is anticipated to result in high harvest volumes, which may initially lower salmon prices but is expected to be positive for long-term earnings [7]

Core Points - Lerøy Seafood Group ASA will present its Q4 2025 results on February 24, 2026, at 08:00 CET in Oslo [1] - The presentation will be conducted in Norwegian and will include a Q&A session, with seafood served from 07:45 CET [1] - A live broadcast of the presentation will be available for those who wish to follow in Norwegian and submit questions [1] - The quarterly report and presentation will be published at 06:30 CET on the same day [1] - An English recording of the presentation will be accessible from 12:00 CET on the company's investor relations website [2] - This information complies with the disclosure requirements of the Norwegian Securities Trading Act [2]

Core Viewpoint - Lerøy Seafood Group ASA is hosting its Capital Markets Days on March 2 and 3, 2026, to engage with investors, analysts, and stakeholders [1] Group 1: Management Presentations - Management will outline the Group's strategic priorities, targets for 2030, operational developments, and capital allocation priorities during presentations at the headquarters in Bergen, Norway on March 2 [2] - A live webcast will be available for those unable to attend in person, including a Q&A session for digital question submissions [2] Group 2: Tour of Operations - Participants will have the opportunity to join a guided tour of Lerøy's salmon and trout operations at Lerøy Sjøtroll in Austevoll on March 3 [3] Group 3: Participation Details - The management presentations will start at 13:00 on March 2, with lunch served from 12:00 [4] - Common transportation will be provided from Lerøy's headquarters to Lerøy Sjøtroll on March 2, with return transportation to Bergen on March 3 [4] - Interested participants must complete a request form for physical attendance by February 2, with limited capacity for in-person participation [5]

Harvest Volumes of Salmon and Trout - Total harvest volume of salmon and trout for Q4 2025 was 49,300 GWT, a decrease from 56,800 GWT in Q4 2024 [1] - For the full year 2025, harvested volume of salmon and trout was 195,600 GWT, an increase from 171,200 GWT in 2024 [1] - Harvest volumes by region/company for Q4 2025 included Lerøy Aurora at 16.4 GWT (up from 15.4 GWT), Lerøy Midt at 16.2 GWT (down from 22.6 GWT), and Lerøy Sjøtroll at 16.8 GWT (down from 18.8 GWT) [1] Catch Volumes of Wildfish - Total wild catch volumes in Lerøy Havfisk for Q4 2025 were 7.6 thousand tonnes, down from 9.8 thousand tonnes in Q4 2024 [2] - The catch volume for 2025 was 57,700 tonnes, a decrease from 65,000 tonnes in 2024 [2] Upcoming Report - The complete Q4 2025 report will be released on 24 February at 06:30 CET [3]

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Core Insights - The third quarter of 2025 was challenging for the Farming segment, with operational EBIT at NOK -306 million due to low salmon prices and adverse biological conditions [2][3] - The VAPS&D segment performed strongly, achieving a record-high operational EBIT of NOK 410 million, aligning with the ambitious target of NOK 1,250 million for the year [4] - The Wild Catch segment experienced low seasonal performance with operational EBIT at NOK 3 million, but high cod prices helped offset declining catch volumes [5] Farming Segment - Operational EBIT for the Farming segment was NOK -306 million in Q3 2025, reflecting a difficult quarter [2] - The spot price for salmon decreased by NOK 8 per kg compared to the same period last year, with increased costs driven by high sea temperatures and sea lice pressure [3] - Despite the challenges, the long-term outlook for the Farming segment remains positive, with expectations of lower costs per kg in 2026 [6] VAPS&D Segment - The VAPS&D segment achieved operational EBIT of NOK 410 million in Q3 2025, indicating strong performance and demand [4] - The 12-month rolling operational EBIT is on track with the target set in 2022, demonstrating consistent growth [4] Wild Catch Segment - The Wild Catch segment's operational EBIT was NOK 3 million in Q3 2025, attributed to the low season [5] - Record-high cod prices are expected to continue, although there may be further reductions in cod quotas in 2026 [5] Outlook - The company anticipates a more balanced salmon market in 2026, following stabilization of supply growth [6] - Expected harvest volume for Norwegian operations remains at 195,000 GWT for both 2025 and 2026, with total volume including Scottish Seafarms projected to reach 217,500 GWT in 2026 [7]

Core Points - Lerøy Seafood Group ASA will present its Q3 2025 results on 12 November 2025 at 08:00 CET in Oslo [1] - The presentation will be conducted in Norwegian and will include a Q&A session [1] - A live broadcast of the presentation will be available for those who wish to submit questions online [1] - The quarterly report and presentation will be published at 06:30 CET on the same day [1] - An English recording of the presentation will be accessible from 12:00 CET on the company's investor website [2] - This information complies with the disclosure requirements of the Norwegian Securities Trading Act [2]

Harvest Volumes of Salmon and Trout - Total harvest volume of salmon and trout for Q3 2025 was 59,100 GWT, an increase from 51,400 GWT in Q3 2024, indicating a growth in production [1] - Harvest volumes by region/company for Q3 2025 include: - Lerøy Aurora: 20.1 GWT (up from 17.6 GWT in Q3 2024) - Lerøy Midt: 21.4 GWT (up from 16.9 GWT in Q3 2024) - Lerøy Sjøtroll: 17.6 GWT (of which 10.4 GWT was trout, compared to 16.8 GWT in Q3 2024, of which 6.8 GWT was trout) [1] Catch Volumes of Wildfish - Total wild catch volumes in Lerøy Havfisk for Q3 2025 were 13.5 thousand tonnes, slightly up from 13.3 thousand tonnes in Q3 2024 - Cod catch in Q3 2025 was 1.2 thousand tonnes, down from 1.5 thousand tonnes in Q3 2024 [1]

Core Insights - Lerøy Seafood Group ASA has issued a green bond amounting to NOK 500 million with a maturity of 4 years and a coupon rate of 3-month NIBOR + 0.98% p.a. The bond was significantly oversubscribed [1][2]. Group 1: Bond Details - The settlement date for the bond is set for 1 October 2025 [2]. - An application will be made for the bond to be listed on Oslo Børs [2]. - The net proceeds from the bond will be allocated to finance or refinance green projects in line with Lerøy Seafood Group's green finance framework [2]. Group 2: Management and Advisors - Danske Bank and DNB Carnegie served as Joint Lead Managers for the bond transaction [2]. - Key contacts for further information include Hans Ljøen, Head of Treasury, and Sjur S. Malm, CFO of Lerøy Seafood Group ASA [2].

Core Viewpoint - Lerøy Seafood Group ASA is planning to issue NOK 500 million in senior unsecured green bonds to finance or refinance green projects, subject to market conditions [1] Group 1: Bond Issuance Details - The bond issuance will have a fixed and/or floating coupon and a tenor of either 4 or 7 years [1] - The net proceeds from the bond issue will be allocated to projects defined by the green finance framework [1] - Danske Bank and DNB Carnegie are appointed as Joint Lead Managers for the bond issuance [1] Group 2: Credit Rating - Lerøy Seafood Group ASA holds a credit rating of BBB+/Stable from Nordic Credit Rating [1]