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]

Core Insights - Norway achieved record seafood export sales in 2025, with total exports reaching 2.8 million tonnes valued at Nkr181.5 billion ($17.9 billion), marking a 4% increase from 2024 [1] - Salmon exports were the primary contributor, with 1,414,909 tonnes exported worth Nkr124.7 billion, a 2% increase in value from 2024 [1] Export Markets - The US accounted for 9% of total exports, the highest share since 1989, although tariffs introduced in April and August raised duties on Norwegian seafood to 15% or more [2] - Exports to the US surged by 55% in Q1 2025 compared to Q1 2024 but saw a 1% decline in Q4 2025 [2] - Poland remained the largest single market in Europe for the 12th consecutive year, despite Europe's share of export sales in value terms decreasing from 67% to 63% [4] Growth in Specific Markets - China experienced the highest value growth, with exports rising 59% to Nkr12.3 billion, moving from sixth to third place in 2025 [4] - Salmon exports to China were valued at Nkr8.1 billion, with volumes increasing by 99% year-on-year to 90,906 tonnes [4][5] - The volume of salmon exported to China was twice as high as the previous year, driven by strong demand and a shift in purchasing patterns [5] Other Seafood Categories - Trout farming also performed well, with Norway exporting 86,903 tonnes of trout worth Nkr7.4 billion in 2025, reflecting a 16% increase in volume and a 10% increase in value [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]

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 (LSG) reported solid operational results across all segments in Q2 2025, achieving an operational EBIT of NOK 680 million, demonstrating the robustness of its fully integrated value chain in the seafood industry [1][8]. Farming Segment - The Farming segment recorded an operational EBIT of NOK 256 million in Q2 2025, with strong biological performance reflected in high survival rates, superior quality share, and increased average harvest weight, while costs per kg are declining [2][3]. - Despite strong biological performance, low prices for salmon and trout due to increased supply growth impacted results, although contracts provided some earnings stability [4][3]. VAP S&D Segment - The VAP S&D segment achieved an operational EBIT of NOK 351 million in Q2 2025, marking the tenth consecutive quarter of growth in 12-month rolling operational EBIT [5]. - The segment's positive development is driven by improved capacity utilization and strengthened relationships with key customers, moving closer to the target of NOK 1,250 million in operational EBIT for 2025 [6]. Wild Catch Segment - The Wild Catch segment delivered an operational result of NOK 148 million in Q2 2025, with historically high prices for cod, although there are prospects for further reductions in cod quotas in 2026, posing challenges for whitefish factories [7]. - The segment's performance is expected to face challenges ahead due to reliance on volumes for profitability [7]. Strategic Outlook - The company is optimistic about future development, entering a new strategy period with new targets to be set, while maintaining a strong position with strategic customers amid strong global demand for seafood [8].