Miami, FL, April 09, 2025
Atlantic Sapphire ASA (along with its subsidiaries the "Company") has harvested a total volume of approximately 1,319t HOG in the three months ending March 31, 2025 (Q4 2024: 670t) – in addition approx. 154t of small fish was culled, finalizing the planned culling measures to adapt the standing biomass to the current feeding capacity. During the quarter, the net biomass gain was approximately 1,449t RLW (Q4 2024: 1,150t). Standing biomass at the end of the period was 2,997t RLW (Q4 2024: 3,180t). During the fourth quarter, biological development progressed favorably with stable water quality and temperatures, low mortalities, and increased harvest weight following the operational measures taken to increase harvest size. Realized average harvest weight in the quarter was 3.1kg HOG (Q4 2024: 2.4kg). The realized sales price for fresh salmon sales in the quarter was USD 8.3 per kg HOG (Q4 2024: USD 7.9 per kg).
The Integrated Annual and ESG Report for 2024 will be published on Wednesday April 23, 2025 at approximately 11:00 am ET / 17:00 CET. Atlantic Sapphire ASA invites investors and analysts to a webcast, during which an Operational Update will be presented by management, followed by a Q&A session. The webcast will take place on Wednesday April 23, 2025 at approximately 11:30 am ET / 17:30 CET.
Please use the following link to access the webcast: https://tinyurl.com/3ab2wamr
All participants will be muted during the webcast. If you would like to ask a question during the Q&A session, please use the Q&A chat function.
For further information, please contact:
Gunnar Aasbo-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO Gunnar@atlanticsapphire.com
Investorrelations@atlanticsapphire.com
About Atlantic Sapphire ASA: Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire operated its innovation center in Denmark from 2011 until 2021 with a strong focus on R&D and innovation to equip the Company with the technology and procedures that enable the Company to commercially scale up production in end markets close to the consumer. In the US, the Company holds the requisite permits and patents to construct its Bluehouse® in an ideal location in Homestead, Florida, just south of Miami. The Company's Phase 1 facility is in operation, which provides the capacity to harvest up to approximately 9,500 tons (HOG) of salmon annually. The Company completed its first commercial harvest in the US in September 2020. Atlantic Sapphire is currently constructing its Phase 2 expansion, which will bring total annual production capacity to 25,000 tons and has a long-term targeted harvest volume of 220,000 tons. This information is published in accordance with the requirements of the Continuing Obligations for companies listed on Euronext Oslo Børs and Section 5-12 of the Norwegian Securities Trading Act.