Q3 2025 Trading Update

FARMING


In Q3 2025, the harvest volumes for Bakkafrost's operation in the Faroe Islands
and Scotland were:


+-------------+---------+-----------------+-----------------+
|Region |Month |Harvest volume |Average weight |
| | | | |
| | |(thousand tonnes)|(kg) |
+-------------+---------+-----------------+-----------------+
|Faroe Islands|July |              6.1|              4.8|
+-------------+---------+-----------------+-----------------+
| |August |              9.6|              5.2|
+-------------+---------+-----------------+-----------------+
| |September|              9.7|              5.6|
+-------------+---------+-----------------+-----------------+
| |Q3 total |            25.4 |              5.2|
+-------------+---------+-----------------+-----------------+
| | | | |
+-------------+---------+-----------------+-----------------+
|Scotland |July |              2.4|              5.1|
+-------------+---------+-----------------+-----------------+
| |August |              1.6|              4.4|
+-------------+---------+-----------------+-----------------+
| |September|              1.2|              4.7|
+-------------+---------+-----------------+-----------------+
| |Q3 total |              5.3|              4.8|
+-------------+---------+-----------------+-----------------+

All harvest volumes are provided in head-on gutted (HOG) equivalents.

Based on preliminary numbers, Q3 2025 incident-based mortality costs in the
farming segments are estimated to be:

· Faroe Islands:         0 mDKK
· Scotland:               59 mDKK     (mainly occurred in September at the
Portree farming site)


FRESHWATER
The smolt release in Q3 2025 was:

· Faroe Islands:        4.8 million
· Scotland:                3.3 million

FISHMEAL, OIL AND FEED (FOF)
In Q3 2025, the volumes sourced and sold in the FOF segment where (in thousand
tonnes):

+---------+----------------------------+----------+---------------+-------------
-+
|Month |Marine raw material sourcing|Feed sales|Fish meal sales|Fish oil
sales|
+---------+----------------------------+----------+---------------+-------------
-+
|July |    18.3 | 15.2 | 2.7 | 0.0
|
+---------+----------------------------+----------+---------------+-------------
-+
|August |      5.9 | 17.1 | 1.2 | 0.0
|
+---------+----------------------------+----------+---------------+-------------
-+
|September|    16.2 | 16.7 | 1.2 | 0.0
|
+---------+----------------------------+----------+---------------+-------------
-+
|Q3 Total |    40.3 | 49.1 | 5.1 | 0.0
|
+---------+----------------------------+----------+---------------+-------------
-+

The full Q3 2025 report will be released on 4 November 2025 at 06:00 CET.

Contacts:
.    Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01 (mobile)
.    Høgni Dahl Jakobsen, CFO of P/F Bakkafrost: +298 23 50 60 (mobile)

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