Gigante Salmon As · OSL:GIGA
Gigante Salmon As — Q2 2025 Earnings Presentation
16 slides from Gigante Salmon As's earnings presentation, Aug 19, 2025
Slide 1: Report for the Second Quarter of 2025
REPORT FOR THE SECOND QUARTER OF 2025 19th August 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 Q2 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 Q2 2025
Highlights Q2 2025 • Two production basins already in operation (of a planned three) • Generation winter 2024 harvested with 91% superior quality • Board of directors re-elected on 21 May by the AGM • New financing of NOK 50m loan from Gigante Havbruk AS After balance date: • Generation autumn 2024
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 in operation since Q2 2025 C Basin to be completed Q4 2025 PROGRESS PLAN Contruction of 2.2 mill. smolt Construction second released, Entire production first basin basin complete plant completed complete Q1, 2024 Q3, 2024 Q1, 2025 Q2, 2025 Q3,
Slide 8: Gigante Salmon
Gigante <P saimon
Slide 9: Key figures - First production cycle
—~_ Gigante << salmon Key figures - First production cycle SUPERIOR SHARE ENERGY CONSUMPTION PRODUCTION COST FEED CONVERSION RATE CO, LEVELS 3 Kw/ kilo Energy use per 70 kr/kg HOG salmon, at full ut the facility Industry average: 65 kr* 1 2 CO, mg/ liter ‘The Norwegian Food Safety Authority has amax
Slide 10: Strong regional supplier cluster
Strong regional supplier cluster
Slide 11: Biological update
Biological update • Standing biomass 30.06.25: 760 tons* Biomass Date Release Amount Avg. Weight (gr) Harvest plan (tons) Q4 2025 until 30.09.24 Sep. 24 1 000 000 150 150 Q2 2026 31.12.24 Sep. 24 900 000** 400 366 Q4 2025 until Q2 2026 31.03.25 Sep. 24 825 000 620 510 Q4 2025 until Q2 2026 30.06.25
Slide 12: Income statement
Income statement Gigante Salmon AS - GROUP • First operating revenue, harvesting 694 tons HOG in Q4 • With 91% superior quality, realized price amounting to NOK 64/kg, in line with market price for salmon at the time of harvest • Net loss Q2 2025, -2.9 MNOK, YTD -3,9 MNOK
Slide 13: Balance sheet Gigante Salmon AS - GROUP
Balance sheet Gigante Salmon AS - GROUP
Slide 14: Income statement - Gigante Salmon Rødøy AS
Income statement Gigante Salmon Rødøy AS • First operating revenue, harvesting 694 tons HOG in Q4 • With 91% superior quality, realized price amounting to NOK 64/kg, in line with market price for salmon at the time of harvest • Net loss Q2 2025, -2.9 MNOK, YTD -4,4 MNOK
Slide 15: Balance sheet - Gigante Salmon Rødøy AS
Balance sheet Gigante Salmon Rødøy AS
Slide 16: Gigante Salmon
1 Gigante Salmon