Core Viewpoint - SalMar is entering 2026 with strong operational performance, record-high biomass, and a lower cost level, positioning the company well to meet market demand for salmon [5]. Group 1: Financial Performance - In 2025, SalMar harvested a record 300,900 tonnes of salmon, marking the first time the Group exceeded 300,000 tonnes in a single year [7]. - Operational EBIT for Norway in Q4 2025 was NOK 1,843 million, with a harvest volume of 80,300 tonnes and an operational EBIT per kg of NOK 23.0 [7]. - For the Group, operational EBIT in Q4 2025 was NOK 1,834 million, with a total harvest volume of 84,100 tonnes and an operational EBIT per kg of NOK 21.8 [7]. - The board of directors proposed a cash dividend of NOK 10.00 per share for the financial year 2025 [7]. Group 2: Market Outlook - SalMar anticipates low global supply growth in 2026 following high supply growth in 2025, alongside strong demand for its products [3]. - The company maintains its volume guidance for 2026 at 296,000 tonnes in Norway, Ocean, and Iceland, while reducing Scottish Sea Farms by 2,000 tonnes to 43,000 tonnes [4]. - The total expected volume for the Group, adjusted for SalMar's share of Scottish Sea Farms, is 318,000 tonnes, representing a 6% increase in harvested volume compared to 2025 [4]. Group 3: Operational Developments - SalMar has invested significantly in the value chain over the years to enhance biological performance, expecting to lower investment levels to NOK 1.1 billion in 2026, primarily for maintenance [2]. - The company has achieved the highest share of superior quality salmon in 10 years, which supports strong future performance [3][5]. - Continued strong operational and biological performance in Norway is noted, with lower costs in the value chain contributing to improved results [7].

Group 1 - SalMar will present its results for the fourth quarter of 2025 on February 10, 2025, at 08:00 CET at Hotel Continental in Oslo [1] - CEO Frode Arntsen and CFO Ulrik Steinvik will represent the company during the presentation [1] - The presentation will be available via Norwegian webcast at 08:00 CET on the company's website [1] Group 2 - Following the main presentation, there will be two group presentations: one in Norwegian at 12:30 CET and another in English at 15:15 CET [2] - Results will be accessible from 06:30 CET on the company's homepage and the Oslo Stock Exchange's page [2] - For further inquiries, Håkon Husby, Head of Investor Relations, can be contacted via phone or email [2]

Group 1 - SalMar has agreed to acquire 49% of the shares in Øylaks MTB AS, resulting in SalMar owning 100% of the company, which holds a license to produce Atlantic salmon [1] - The purchase price for the transaction will be settled through the issuance of 209,402 new shares at a subscription price of NOK 655.20 per share [1] - Following the issuance of the new shares, SalMar's share capital will increase to NOK 33,899,229.25, divided into 135,596,917 shares, each with a par value of NOK 0.25 [2] Group 2 - SalMar is recognized as one of the world's largest and most efficient producers of salmon, with farming operations in Central Norway, Northern Norway, Offshore, and Iceland, along with significant harvesting and secondary processing operations [3] - The company also owns 50% of Scottish Sea Farms Ltd, further expanding its presence in the salmon industry [3]

Consolidated Harvest Volumes - The total harvest volume for Q4 2025 is reported at 84.1 thousand tons, with a full year (FY 2025) total of 284.5 thousand tons [1] - Farming Central Norway contributed 43.4 thousand tons in Q4 2025 and 145.4 thousand tons for FY 2025 [1] - Farming Northern Norway reported 36.9 thousand tons in Q4 2025 and 119.2 thousand tons for FY 2025 [1] - SalMar Ocean had no harvest in Q4 2025 but contributed 7.2 thousand tons for FY 2025 [1] - Icelandic Salmon accounted for 3.8 thousand tons in Q4 2025 and 12.7 thousand tons for FY 2025 [1] Upcoming Reports - The full Q4 2025 report is scheduled for release on February 10, 2026, at 06:30 CET [1] - A presentation will be available via Norwegian webcast at 08:00 CET and an English webcast recording at 10:00 CET [1]

Core Insights - The company reported weak financial results in Q3 2025 due to low market prices for salmon, despite achieving record-high harvest volumes and demonstrating flexibility in harvesting and processing facilities [1][5] - Strong demand for products and positive underlying cost developments are expected to improve future results [1][4] Harvest Volume and Cost Expectations - Total harvest volume for 2025 is projected at 299,000 tons, a 19% increase from 2024, with expectations for further growth in 2026 to 319,000 tons, representing a 7% increase [3] - The company anticipates reduced costs across all segments in Q4 2025, supported by improved biological performance and lower input prices [2][4] Financial Performance - Operational EBIT for Norway in Q3 2025 was NOK 858 million, with a harvest volume of 89,400 tons, resulting in an operational EBIT per kg of NOK 9.6 [5] - For the group, operational EBIT was NOK 711 million with a total harvest volume of 93,200 tons, leading to an operational EBIT per kg of NOK 7.6 [5] Market Conditions and Strategic Developments - The year 2025 has seen lower salmon prices and global uncertainty, but the company expects limited global supply growth in 2026 alongside continued strong demand [4] - The merger with Wilsgård, completed in August, has strengthened the company's presence in Northern Norway and is expected to facilitate sustainable growth [5]

Core Points - SalMar will present its results for the third quarter of 2025 on November 6, 2025, at 08:00 CET at the Grand Hotel in Oslo [1] - The presentation will be led by CEO Frode Arntsen and CFO Ulrik Steinvik [1] - An English webcast recording will be available from 10:00 CET on the company's website [2] Presentation Details - The presentation will be available on Norwegian webcast at 08:00 CET, with opportunities for questions during the session [2] - Following the main presentation, there will be two group presentations: one in Norwegian at 12:00 CET and another in English at 15:15 CET [2] - Registration for the presentations can be done via Arctic Securities [2] Availability of Results - The results will be accessible from 06:30 CET on the company's homepage and the Oslo Stock Exchange's page [3] - For further inquiries, Håkon Husby, Head of Investor Relations, can be contacted via phone or email [3]

Consolidated Harvest Volumes - Total consolidated harvest volumes for Q3 2025 amount to 93.2 thousand tonnes gutted weight [1] - Breakdown of harvest volumes includes: - Farming Central Norway: 47.0 thousand tonnes - Farming Northern Norway: 42.5 thousand tonnes - SalMar Ocean: 0 thousand tonnes - Icelandic Salmon: 3.8 thousand tonnes [1] Upcoming Report and Presentation - The Q3 2025 report is scheduled for release on Thursday, 6 November at 06:30 CET [1] - A presentation will follow, available through Norwegian webcast at 08:00 CET and English webcast (recording) at 10:00 CET [1]

Core Viewpoint - SalMar ASA has announced a share buyback program aimed at facilitating the delivery of shares to employees as part of its share-based incentive programs [1][2]. Group 1: Share Buyback Program Details - The share buyback program will start on 21 August 2025 and conclude no later than 30 September 2025 [2]. - The program allows for the purchase of up to 100,000 shares, with a maximum expenditure of NOK 65 million [2]. - DNB Carnegie has been appointed to manage the share repurchases, making trading decisions independently of SalMar [3]. Group 2: Regulatory Compliance - The share buyback will be conducted in accordance with Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) No 2016/1052 [3]. - The company retains the right to modify the terms of the program and will announce any changes accordingly [4].

Core Insights - The company is optimistic about biological development in Q2 2025, which is expected to lead to increased volume and positive cost development in the latter half of the year [1] - The merger with Wilsgård AS enhances SalMar's presence in Norway and strengthens its operational capabilities [2][3] - SalMar has issued NOK 2 billion in new green bonds to support sustainable development and improve capital access [3] - The company has increased its volume guidance for 2025, anticipating a total harvest of 298,000 tonnes, an 18% increase compared to 2024 [5] - Despite lower salmon prices in the first half of 2025, strong demand for SalMar's products continues, with expectations of lower global supply growth in the second half [6] Financial Performance - Q2 2025 operational EBIT for Norway was NOK 696 million, with a harvest volume of 54,500 tonnes and EBIT per kg of NOK 12.8 [8] - Group operational EBIT for Q2 2025 was NOK 524 million, with a total harvest volume of 64,500 tonnes and EBIT per kg of NOK 8.1 [8] - The first half of 2025 was characterized by lower salmon prices due to increased volume and a high proportion of downgraded fish [8] Operational Developments - Strong biological performance was noted in Northern Norway, contributing to positive cost development [8] - The company is entering the third quarter with record-high biomass for the season, setting the stage for increased volume [4] - The share of superior quality fish has significantly increased from July 2025 onwards compared to the first half [4]

Core Points - SalMar will present its results for the second quarter of 2025 on August 21, 2025, at 08:00 CEST [1] - The presentation will be held at Hotel Continental in Oslo, with CEO Frode Arntsen and CFO Ulrik Steinvik representing the company [1] - A Norwegian webcast will be available at the same time, with an English recording accessible from 10:00 CEST [2] - Following the main presentation, there will be two group presentations: one in Norwegian at 12:00 CEST and another in English at 15:15 CEST [3] - Results will be available from 06:30 CET on the company's website and the Oslo Stock Exchange's page [3] - For further inquiries, Håkon Husby, Head of Investor Relations, can be contacted via phone or email [3]