Gigante Salmon As · OSL:GIGA
Gigante Salmon As — Q3 2026 Earnings Presentation
17 slides from Gigante Salmon As's earnings presentation, Oct 20, 2026
Slide 1: Report for the Third Quarter of 2026
REPORT FOR THE THIRD QUARTER OF 2026 20th October 2026 CEO Kristian Lorentsen CIRO 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 fro m the united states ofamerica, 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 Q3 2026 3. Operational update 4. Biological update 5. Financial update
Slide 4: Introduction to Gigante Salmon
INTRODUCTION TO GIGANTE SALMON PRODUCTION CAPACITY LAND-BASED FARMING ▪ Gigante Salmon is operating a land-based flow-through facility for salmon farming on Lille Indre Rosøy, located approximately 2.5h by boat from the Company’s HQ in Bodø 16,000 tonnes For the fish, the sea ▪ The Company’s unique
Slide 5: Key figures (no harvest in the quarter)
KEY FIGURES (no harvest in the quarter) Q3 YTD Harvest Volume (tonnes HOG) in the Quarter 1 584 Superior Grade (%) 74 % Realized Price 71 All-in production cost, including financing 94 Operational EBITDA 6 174 7 205 Operational EBITDA/kg HOG 5 Operational EBIT - 1 359 - 11 993 Operational EBIT/kg HO
Slide 6: Key Highlights – Q3 2026
KEY HIGHLIGHTS – Q3 2026 New CEO from August 1 • Kristian Lorentsen assumed the role of CEO of Gigante Salmon on August.1 The objective is to make Gigante Salmon a stronger company across all parts of the business. • The Company will prioritize fewer, but better executed, improvement projects. This
Slide 7: Operational and Biological Update – Q3 2026
Operational and Biological Update – Q3 2026 The third quarter of 2026 was characterized by continued biomass growth, the stocking of the H2026 generation, and further operational development of the facility. Operations during the quarter were focused on fish welfare, biological control and productio
Slide 8: Key Highlights – Q3 2026: Operational Highlights
KEY HIGHLIGHTS – Q3 2026 Operational Highlights • All three production basins and all raceway tanks were brought into operation simultaneously for the first time. This marks the transition from construction to full-scale operation, learning and furtheroptimisation of the facility. • The fish barrier
Slide 9: Key Highlights – Q3 2026: Biological Highlights
KEY HIGHLIGHTS – Q3 2026 Biological Highlights • Smolt stockings during Q3 were successful, and initial observations are positive. Two batches of H2026 smolt were delivered during the quarter. The third and final batch has been brought forward relative to the revised plan and is expected to be deliv
Slide 10: Production
Production: Production: Production: 5000 tonnes 5800 tonnes 6200 tonnes Base High Base High Base High —~ Gigante Salmon
Slide 11: Production
Production: Production: Production: 5000 tonnes 5800 tonnes 6200 tonnes Base High Base High Base High —~ Gigante Salmon
Slide 12: Key Highlights – Q3 2026: Financial Highlights
KEY HIGHLIGHTS – Q3 2026 Financial Highlights • The Group generated no sales revenues during the third quarter, as no ordinary harvesting took place during the period. As a result, financial performance was largely driven by biomass development and the value creation arising from biological growth.
Slide 13: Income statement – Gigante Salmon AS Group
Income statement Gigante Salmon AS - GROUP • The Group generated no sales revenues during the third quarter, as no ordinary harvesting took place during the period. As a result, financial performance was largely driven by biomass development and the value creation arising from biological growth.
Slide 14: Balance sheet Gigante Salmon AS – Group
Balance sheet Gigante Salmon AS - GROUP
Slide 15: Income statement – Gigante Salmon Rødøy AS
Income statement Gigante Salmon Rødøy AS • The Group generated no sales revenues during the third quarter, as no ordinary harvesting took place during the period. As a result, financial performance was largely driven by biomass development and the value creation arising from biological growth.
Slide 16: Balance sheet – Gigante Salmon Rødøy AS
Balance sheet Gigante Salmon Rødøy AS
Slide 17: Gigante Salmon
1 Gigante Salmon