Icelandic Salmon As · OSL:ISLAX
Icelandic Salmon As — Q2 2025 Earnings Presentation
9 slides from Icelandic Salmon As's earnings presentation, 2025
Slide 1: Q2 2025 Quarterly Presentation
Q2 2025 QUARTERLY PRESENTATION
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
Slide 3: Quarter impacted by accelerated harvest, high cost and soft prices
Quarter impacted by accelerated harvest, high cost and soft prices Accelerated harvest on 23 generation led to higher-than- Harvest Operational EBIT (Thousand tonnes gw) (EUR/kg.) expected volumes 6.5 0.22 — Increased mortality and elevated costs due to BKD — Full generation expected to be harvest
Slide 4: Group balance
Group balance Assets Liabilities (EURm) (EURm) 264 139 259 117 29 111 111 18 99 110 Total assets increased by EUR 5m to EUR 264m 148 154 Equity ratio decreased from 55% to 47% in Q2, where largest contributors are 3/31/2025 6/30/2025 3/31/2025 6/30/2025 — Operating loss in the quarter Fixed asse
Slide 5: Net interest bearing debt
Net interest bearing debt NIBD incl. leasing increased by EUR 15.6m New EUR 6.0m lease agreement for lasers and the operational loss of EUR 4.8m are the main drivers of the NIBD increase Increase in working capital of EUR 1.5 million, driven by continued biomass growth EUR 1.2 million invest
Slide 6: License status update
License status update LICENSES Arnarlax now holds licenses of 23,700 tonnes MAB in sea in the Icelandic Westfjords (Arnarfjörður, Patreksfjörður, and Tálknafjörður) The license for 10,000 tonnes MAB of sterile salmon in Ísafjarðardjúp was revoked in Q3-24 We are continuously working with authori
Slide 7: Sales and market update
7 Sales and market update Higher global supply is putting pressure on market prices — First-half price for SISALMON 3–6kg was EUR 2.55/kg lower than same period last year Contract share for Q2 was <1% 89% US market impact remains a concern — No obvious effects from tariffs so far, but uncertai
Slide 8: Outlook
Outlook Higher mortality and accelerated harvesting of the 2023 generation have reduced volume potential for 2025 — Volume guidance 2025 lowered from 15,000 tonnes to 13,000 tonnes Q3 2025 will reflect continued high cost levels due to remaining harvest from the 2023 generation — First harvest o
Slide 9: 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 9