Arctic Fish (AFISH): Q2 2026 – Strong volume growth and improved operational performance

Arctic Fish Holding AS

Quarterly harvest volumes amounted to 5.6 thousand tonnes, compared with 2.0
thousand tonnes in Q2 2025 (Δ 177% YoY).

Revenues amounted to EUR 32.5 million, compared with EUR 12.6 million in the
corresponding period last year (Δ 158% YoY), driven by significantly higher
harvest volumes.

Operational EBIT amounted to negative EUR 3.1 million, compared with negative
EUR 4.4 million in Q2 2025, representing an overall improvement of EUR 1.3
million and a marginal improvement on a pr. kg basis despite challenging market
conditions and lower price achievement.

Forecasting and seeing lower cost levels, with cost reduction measures
continuing to be a key priority moving forward.

The previously communicated harvest guidance for 2026 remains steady at 18.0
thousand tonnes.

The presentation materials are attached to this notice and can also be found on
the company website: https://www.arcticfish.is/investor-relations/

For information, please contact:
Daníel Jakobsson
Email: dja@afish.is
Tel: +354 820 6827

Baldur Smári Einarsson
Email: bse@afish.is
Tel: +354 690 1222


Arctic Fish in brief
Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and
sustainable value chain from smolt to sales. The production capacity for the
company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses
covering 10 farming areas in 5 different fjords, all located in the Westfjords
of Iceland. The company's value chain consists of a state-of-the-art RAS
hatching and smolt production facility, attractive sea sites with high bearing
capacity and high-energy equipment, and a newly completed harvesting facility
with sufficient capacity to secure the utilization of the licenses and growth
objectives for the company.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
(link is external)Access the news on Oslo Bors NewsWeb site

680018_AF-Q2-26_Report.pdf
680018_AF-Q2-26_Presentation.pdf