Slide 1: Q2 2025 Presentation
Q2 2025 Presentation 20 August 2025
Slide 2: Arctic Fish in brief
Q2 Presentation 2025 Arctic Fish in brief Arctic Fish (AFISH), listed at Euronext Growth market in The company's value chain consists of a state-of-the-art RAS Oslo, is a leading salmon farmer in Iceland with an hatching and smolt production facility, attractive sea sites attractive and sustainable
Slide 3: Highlights Q2 2025
Highlights Q2 Presentation 2025 Q2 2025 Harvested Revenue Volumes 5,161 (‘000 EUR) 35,746 34,655 HOG Tonnes Harvested quantities amounted to 2,020 tonnes 3,806 -3% compared to 1,275 tonnes for the same period last year, 2,020 36% 11,608 12,599 which is an increase of 58% year over year. 1,275 58% 9%
Slide 4: Equity considerations
Equity Q2 Presentation 2025 considerations Equity share is somewhat below the covenant requirement at the end of the quarter, with reference to challenging market conditions and the company being in a build-up phase. A waiver has been obtained from the bank syndicate until the end of Q3. Arctic Fish
Slide 5: Financials
Q2 Presentation 2025 Financials
Slide 6: Profit & Loss
Profit & Q2 Presentation 2025 Loss (EUR ‘000) Q2 2025 Q2 2024 YTD Q2 2025 YTD Q2 2024 2024 Operational revenue and other income 12,599 11,608 34,655 35,746 80,902 Operational EBIT -4,417 2,324 -3,901 12,049 15,105 Revenues amounted to 12.6 MEUR in the Net fair value adjustment of biomass -1,904 -4,3
Slide 7: Financial Position
Financial Q2 Presentation 2025 Position At the end of the second quarter 2025, total assets amounted to EUR 246.5 million, which is an increase of EUR 18.7 million from the prior period (Q1’2025). (EUR ‘000) 30.6.2025 31.3.2025 30.6.2024 31.12.2024 This is mainly due to an increase of biological ass
Slide 8: Cash flow & Net interest-Bearing Debt
Q2 Presentation 2025 Cash flow & Net interest-Bearing Debt (EUR ‘000) Q2 2025 Q2 2024 YTD Q2 2025 YTD Q2 2024 2024 NIBD Development Opening Increase Decrease Closing (‘000 EUR) NIBD beginning of period* -131,142 -112,339 -132,650 -114,289 -114,289 4 ,997 202 198 145,046 2,698 1 132,650 4,364 Operati
Slide 9: Capital Expenditures
Capital Q2 Presentation 2025 Expenditures Capital Expenditures have been focused on three main Expected CAPEX in 2025 is 13 MEUR pillars throughout the value chain. and will be focused on seawater related equipment. Capital expenditure development (MEUR) 43 37 Smolt Production Seawater Operations Pr
Slide 10: Volume Guidance
Volume Q2 Presentation 2025 Guidance Harvested volumes (HOG tonnes) 31% 14.0 14.0 The guidance for the harvested 10.7 volume in 2025 is unchanged from last quarter, and remains at 14 thousand tonnes in 2025, which is 31% more than was harvested in 2024. 4.9 4.0 3.1 2.0 2024 2025 E Q1’25 Q2’25 Q3’25
Slide 11: Appendix
Q2 Presentation 2025 Appendix
Slide 12: License Portfolio
Q2 Presentation 2025 License Portfolio Licenses by Fjord The license portfolio for the company is 29,800 tonnes Ísaf jarðardjúp MAB (Maximum Allowed Biomass) and includes 8,000 licenses covering 10 farming areas in 5 different fjords, all located in the Westfjords of Iceland. Of the 29,800 Önundarf
Slide 13: Q2 2025 Presentation - Thank you
Q2 2025 Presentation Thank you