Core Points - Robert Róbertsson has been appointed as the Chief Financial Officer of Icelandic Salmon, effective before June 1, 2026 [1][3] - He has extensive experience in the industry, having served as CFO at Kaldvik for five years and previously worked for 10 years at Ernst and Young in transaction advisory services and audit [1][4] - The company aims to achieve a target of 21 thousand tonnes by 2026, indicating a positive outlook for the industry in Iceland [2][5] Company Details - Robert Róbertsson is 39 years old and resides in Reykjavik, where he will be based at the company's office in Urdarhvarf [1][4] - Edvin Aspli, who has been serving as Interim CFO since May 2025, will return to his role as Chief Strategy Officer upon Robert's appointment [3][5] - CEO Bjørn Hembre expressed confidence that Robert's experience and leadership will enhance the company's ability to meet its goals [2][5]

Group 1 - Icelandic Salmon will present its third quarter 2025 results on 6 November 2025 via a Teams webinar [1] - CEO Bjørn Hembre and Interim CFO Edvin Aspli will present the results at 09:00 Icelandic time (10:00 CET) [1] - A Q&A session will follow the presentation, with questions taken at the end of the webinar [1] Group 2 - One-on-one meetings can be arranged on Teams following the webinar for interested parties [2] - The results will be published at 05:30 Icelandic time (06:30 CET) on the company's website and other platforms [2] - Icelandic Salmon is dual-listed on Euronext Growth in Oslo and NASDAQ First North in Reykjavík [2] Group 3 - The Group is the 100% owner of Arnarlax ehf, a farming company in Iceland [2] - Icelandic Salmon is fully integrated, controlling all parts of the value chain from egg to fish delivery [2]

Core Insights - The Group's CEO Bjørn Hembre and Interim CFO Edvin Aspli will present the second quarter results on August 21, 2025, at 9:00 Icelandic time [1] - Icelandic Salmon is dual-listed on Euronext Growth in Oslo and NASDAQ First North in Reykjavík, indicating a broad market presence [1] - The Group owns 100% of Arnarlax ehf, a fully integrated farming company in Iceland, controlling the entire value chain from egg to market delivery [1] Company Overview - Icelandic Salmon operates a fully integrated business model, ensuring quality control across all stages of production [1] - The head office of Arnarlax ehf is located in Bíldudalur, Iceland, emphasizing its local operational focus [1] - The Group's commitment to transparency is reflected in its adherence to the Norwegian Securities Trading Act for disclosure requirements [2]

Grieg Seafood agreed to sell some operations in Norway and Canada to Cermaq Group for a total enterprise value of $990 million as it focuses on its salmon farming in western Norway https://t.co/bX4U3B5y3U ...

Core Viewpoint - Icelandic Salmon faced significant challenges in the first quarter of 2025, including biological setbacks and low harvest volumes, which negatively impacted financial results. The company aims to build biomass and anticipates a stronger performance in the second half of the year [2][4][9]. Financial Performance - Operating income for Q1 2025 was EUR 10.4 million, a decrease from EUR 27.5 million in Q1 2024 [3]. - Operational EBIT was negative EUR 3.0 million, compared to negative EUR 0.5 million in the prior year [3]. - EBIT/kg was negative EUR 2.68, worsening from negative EUR 0.20 in Q1 2024; adjusted for mortality-related costs, EBIT/kg was negative EUR 1.22 [3]. Operational Highlights - The company harvested 1,100 tonnes in Q1 2025, down from 2,800 tonnes in the same quarter last year, reflecting early harvests and a strategic focus on biomass [5]. - Mortality-related costs amounted to EUR 1.6 million [5]. - Smolt operations performed well, with plans to transfer a record-high number of smolt to sea in 2025 [6]. Strategic Developments - The Group is working to reinstate a license for 10,000 tonnes MAB of sterile salmon, which was revoked in 2024, and is pursuing larger sites for better MAB utilization [7]. - Investments in the quarter totaled EUR 4.4 million, primarily for biomass preparation [7]. Market Conditions and Outlook - Demand for Icelandic Salmon's products remains solid, but the quarter was affected by increased global supply and lower prices, particularly for smaller fish [8]. - North America is a key market, although low average weights led to reduced sales volumes, while sales to Europe increased [9]. - The Group maintains its 2025 harvest volume guidance of 15,000 tonnes, with expectations of improvement in the second half of the year [9].

Company Overview - Kaldvik AS is a leading salmon farmer in Iceland, known for its fully integrated value chain from hatchery to sales, which allows the company to offer sustainable premium products [1] - Kaldvik AS is dual-listed on Euronext Growth Oslo and First North Iceland Growth Market [1] Q1 2025 Harvest Data - The harvested volume for Q1 2025 was reported at 6.383 tonnes gutted weight (GWT) [1] - A complete report for Q1 2025 is scheduled for publication on May 21, 2025 [1]