Icelandic Salmon As · OSL:ISLAX
Icelandic Salmon As — Q2 2026 Earnings Presentation
8 slides from Icelandic Salmon As's earnings presentation, Aug 25, 2026
Slide 1: 2Q 2026 Quarterly Presentation
2Q 2026 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: High harvest volume and good underlying performance
High harvest volume and good underlying performance ▪ Harvested 5.500 tonnes and operational EBIT of EUR 3.2m loss for second Harvest Operational EBIT quarter, improving from 4.000 tonnes and EUR 8,3m loss in the same period (EUR/kg.) (Thousand tonnes gw) last year 0,70 5,5 ▪ Profitability was negat
Slide 4: Group balance
Group balance Assets Liabilities (EURm) (EURm) 273 270 153 154 127 123 26 27 147 147 128 127 ▪ Total assets decreased by EUR 3m to EUR 270m ▪ Equity ratio decreased from 44% to 43% 31.3.2026 30.6.2026 31.3.2026 30.6.2026 ▪ Fair value adjustments of EUR 1.9m Fixed assets Current assets Current liabil
Slide 5: Net interest-bearing debt
Net interest-bearing debt Change in NIBD incl. leasing - QoQ (EURm) 130,6 -0,1 +0 -11,2 +1 123,7 ▪ NIBD Incl. Leasing decreased by EUR 7m 11,9 +2,3 +1,1 — NIBD decreased by EUR 7m 11,9 — Leasing remained at same level QoQ ▪ Positive operating profit in the quarter of EUR 0.1m, 118,8 supported cash f
Slide 6: Sales and market update
6 Sales and market update ▪ Improved market price, EUR 0.58/kg higher than Q2 2025, weighted by own volume. ▪ Share of volume to North America increased from 10% in Q1 to 16% in Q2 – driven by more 6+ kg fish available. Tariffs holds US market back ▪ Share of volume89% to Asia increased from 14% in
Slide 7: Outlook
Outlook ▪ Volume guidance 2026 unchanged at 21,300 tonnes ▪ Lower cost level expected in Q3 2026 compared to Q2 2026. This reflects the good performance of the 2025 generation, which will start harvesting in Q3. ▪ Expect better MAB utilization in 2026, with overall a positive cost effect ▪ Contract
Slide 8: Thank you for your attention
Thank you for your attention Please “Raise hand” in Teams, or type in the chat, to ask questions for the Q&A session For more information, please visit www.arnarlax.is SUSTAINABILITY – IT’S IN OUR NATURE 8