Gigante Salmon As · OSL:GIGA
Gigante Salmon As — Q1 2025 Earnings Presentation
15 slides from Gigante Salmon As's earnings presentation, May 6, 2025
Slide 1: Report for the First Quarter of 2025
REPORT FOR THE FIRST QUARTER OF 2025 06th May 2025 CEO Kjell Lorentsen CFO Rune Johansen
Slide 2: Important information and disclaimer
Important information and disclaimer This document is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into or from the united states of america, australia, canada, japan, hong kong or south africa or to any resident thereof or any other jurisdiction w
Slide 3: Agenda
Agenda 1. Gigante Salmon in brief 2. Highlights Q1 2025 3. Construction update 4. Biological update 5. Financials
Slide 4: Gigante Salmon in brief
Gigante Salmon in brief Production capacity Land-based farming For the fish, • Gigante Salmon is constructing a land-based salmon farming site on Lille 16.000 tonnes the sea Indre Rosøy, approx. 2.5h boat drive outside the head-office in Bodø in HOG Norway. and the people • Our unique site and techn
Slide 5: Highlights Q1 2025
Highlights Q1 2025 • Standing biomass at the end of the period was 1,070 tonnes • Achieved GlobalGAP certification • Production basin B completed; testing in progress • Walls of production basin C cast; casting of partitions in final phase • All marine and diving operations completed After balance d
Slide 6: Health, Security, Environmental & Quality
Health, Security, Environmental & Quality HSE&Q An overriding focus for all our activities is that the health of our colleagues and fish is crucial for our success: “If the fish are doing well, then we are doing well.” Important areas of responsibility for Gigante Salmon AS as the project’s owner is
Slide 7: Site overview
Site overview A Basin in operation since Q1 2024 B Basin completed in Q1 2025 C Basin to be completed Q4 2025 PROGRESS PLAN Contruction of 2.2 mill. smolt Construction second Entire production first basin released, basin complete plant completed complete Q1, 2024 Q3, 2024 Q1, 2025 Q2, 2025 Q3, 2025
Slide 8: Slide 8
Slide 9: Biological update
Biological update • Standing biomass 31.03.25: 1 070 tons Biomass Date Release Amount Avg. Weight (gr) Harvest plan (tons) 30.06 Jan. 24 160 000 471 75.5 Q2 2025 30.09 Jan. 24 160 000 2100 335 Q2 2025 31.12 Jan. 24 160 000 2700 432 Q2 2025 31.03.25 Jan. 24 160 000 3500 560 Q2 2025 Q4 2025 until 30.0
Slide 10: Initiated first harvest
Initiated first harvest Well Boat Harvest Sales
Slide 11: Income statement
Income statement Gigante Salmon AS - GROUP • Income statement reflects project execution phase, with limited income and operating expenses • Net loss Q1 2025, -0.9 MNOK
Slide 12: Balance sheet Gigante Salmon AS - GROUP
Balance sheet Gigante Salmon AS - GROUP
Slide 13: Income statement
Income statement Gigante Salmon Rødøy AS • Income statement reflects project execution phase, with limited income and operating expenses
Slide 14: Balance sheet
Balance sheet Gigante Salmon Rødøy AS
Slide 15: Gigante Salmon
1 Gigante Salmon