Icelandic Salmon As · OSL:ISLAX

Icelandic Salmon As — Q3 2025 Earnings Presentation

8 slides from Icelandic Salmon As's earnings presentation, 2025

  1. Slide 1: Q3 2025 Quarterly Presentation

    Q3 2025 QUARTERLY PRESENTATION

  2. Slide 2: This is Icelandic Salmon

    THIS IS ICELANDIC SALMON Icelandic Salmon AS is listed on the Euronext Growth market in Oslo, and Harvesting plant Four smolt facilities, NASDAQ First North in Reykjavik. in Bíldudalur Current capacity is The company is the sole owner and sufficient for 25-30 BRCGS* certified parent company of Arnar

  3. Slide 3: Third quarter operational highlights

    Third quarter operational highlights Harvest Operational EBIT (Thousand tonnes gw) (EUR/kg.)  Weak financial performance in the quarter of EUR -9.4m 6.5 0.22 — High cost on harvested biomass — All volume from 2023 generation with high cost 4.0 3.8 — Extraordinary items of EUR -3.2m 1.1  The loss i

  4. Slide 4: Group balance

    Group balance Assets Liabilities (EURm) (EURm) 264 268  Finalized an extension and amendment to our bank financing in 3Q 150 139 2025, remaining in compliance under the new terms 111 115 27 29 — Interest ratio and Leverage waiver extended to 4Q 2026 — New minimum liquidity covenant 110 124 154 153

  5. Slide 5: Net interest-bearing debt

    Net interest-bearing debt  NIBD inc. leasing increased by EUR 9.7m — NIBD increased by EUR 10.8m — Leasing decreased by EUR 1.1m  The increase mainly reflects operational losses, a large production tax bill from 1H 2025, and interest costs SUSTAINABILITY – IT’S IN OUR NATURE 5

  6. Slide 6: Sales and market update

    6 Sales and market update  Higher global supply pressurized market prices in July/August — SISALMON 3Q 2025 was EUR 0.87/kg lower than same quarter last year  High share of 6+ kg fish to Asia and North America and harvesting late 89% in a strong price achievement in the quarter resulted — Includin

  7. Slide 7: Outlook

    Outlook  Good biology ahead of the winter period, and the company is well positioned for a financial recovery in 2026  Expect lower cost in Q4 2025 after the generational shift — Started harvesting on 2024 generation in October  Volume guidance 2025 unchanged at 13,000 tonnes  Volume guidance 20

  8. Slide 8: Thank you for your attention

    Thank you for your attention Please “Raise hand” in Teams to ask questions for the Q&A session For more information, please visit www.arnarlax.is SUSTAINABILITY – IT’S IN OUR NATURE 8

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