Gigante Salmon As · OSL:GIGA
Gigante Salmon As — Q3 2025 Earnings Presentation
16 slides from Gigante Salmon As's earnings presentation, Oct 21, 2025
Slide 1: Report for the Third Quarter of 2025
REPORT FOR THE THIRD QUARTER OF 2025 21st October 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 Q3 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 Q3 2025
Highlights Q3 2025 • Concrete work in third and final production basin completed • Generation autumn 2024 sorted and transferred from production basin A to production basin B • Smolt released into production basin A • SpareBank1 Nord-Norge approves NOK 100m in additional financing and increases oper
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 operating Q2 2026 PROGRESS PLAN Contruction of Construction second Smolt release, approx. 2.2 mill. Entire production first basin basin complete (Phase 2) plant in operation Smolt release, approx. 3.3 m
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 30.09.25: 1 728 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 30.06.2
Slide 12: Income statement
Income statement Gigante Salmon AS - GROUP • No harvest in Q3, in line with production plan. • Gen. Autumn 25 smolt release commenced in Q3.
Slide 13: Balance sheet Gigante Salmon AS - GROUP
Balance sheet Gigante Salmon AS - GROUP
Slide 14: Income statement
Income statement Gigante Salmon Rødøy AS • No harvest in Q3, in line with production plan. • Gen. Autumn 25 smolt release commenced in Q3.
Slide 15: Balance sheet
Balance sheet Gigante Salmon Rødøy AS
Slide 16: Gigante Salmon
1 Gigante Salmon