Integrated annual report 2025

14 April 2026

Andfjord Salmon Group AS (Andfjord Salmon) has today published its integrated annual report for 2025.

The integrated annual report, which includes Andfjord Salmon's approach to environmental, social and governmental (ESG) topics and details of how sustainability is integrated with the company's business strategy, is enclosed to this announcement and also available on the company's website.

Andfjord Salmon has made a change in the audited consolidated annual financial statements compared to the unaudited interim full-year 2025 financial numbers presented on 25 February 2026. Borrowing cost of NOK 59.9 million in total for the full year 2025 that were previously reported as financial cost are now capitalised. The interest cost is related to general borrowing that meets the criteria in IAS 23 for capitalisation. The effect of the change is reduced net loss for 2025 and corresponding increased equity for the group as of 31 December 2025.

CONTACTS

Investors:

Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345, bjarne.martinsen@andfjord.no

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon is developing the world's most sustainable and fish-friendly aquaculture facility of its kind. Through a proprietary flow-through system, Andfjord Salmon combines the best from ocean and land-based salmon farming. In its first production cycle, the company achieved an industry-leading survival rate of 97.5 percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and required 1 kWh to produce one kilo of salmon. For more information, see