Positive results from farming operations despite challenging seawater
conditions
(Figures for Q3 2024 in brackets)
Highlights
* Norwegian and US competition authorities have approved the divestment of
GSF's operations in Finnmark and Canada. Process with Canadian authorities
is progressing. Expectation to close the transaction during Q4
* Harvest volume of 6,820 tonnes (8,543 tonnes)
* Rogaland achieved an EBIT/kg of NOK 3.2 for the quarter
* Strong freshwater production in Rogaland, with increasingly larger smolt
being put to sea from Tytlandsvik and Årdal Aqua
* Entered Q4 2025 with close to maximum MAB, despite challenging seawater
production in Q3 2025 following high seawater temperatures
* New operating model adapted to revised size and structure of Grieg Seafood,
including a ~55% reduction in HQ FTEs. Significant focus on cost reduction
going forward
* Grieg Seafood has throughout the quarter negotiated with the new syndicate,
consisting of SEB and Nordea, and is entering the final phase of
negotiations going to Q4
Results presentation
CEO Nina Willumsen Grieg and CFO Magnus Johannesen will present the results
live at Hotel Continental, Stortingsgaten 24/26, Oslo today at 08:00 a.m. CET.
A live webcast from the presentation can be accessed at
www.investor.griegseafood.com or with the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20251113_4/
For further inquiries, please contact:
Nina Willumsen Grieg, CEO
Cell phone: +47 953 39 161
E-mail: nina.grieg@griegsefood.com
Magnus Johannesen, CFO
Cell phone: +47 959 13 243
E-mail: magnus.johannesen@griegseafood.com
About Grieg Seafood
Grieg Seafood ASA is one of the world's leading salmon farmers. Following
completion of the Transaction announced 17 July 2025, our operations will have
a more geographically focused footprint in southwestern Norway with farms
located in Rogaland and headquarters in Bergen.
Grieg Seafood ASA was listed at the Oslo Stock Exchange in June 2007.
Sustainable farming practices are the foundation of Grieg Seafood's
operations. The lowest possible environmental impact and the best possible
fish welfare is both an ethical responsibility and drive economic
profitability.
To learn more, please visit www.griegseafood.com.
The information included in this announcement may partly be defined as inside
information pursuant to article 7 of the Regulation (EU) No 596/2014 of the
European Parliament and of the Council of 16 April 2014 on market abuse (MAR).
The information is publicly disclosed in accordance with MAR article 17 as
well as section 5-12 of the Norwegian Securities Trading Act.
The stock exchange announcement was published by May Hansen, Executive
assistant, Grieg Seafood ASA, on 13 November 2025 at 06:00 a.m. CET.