Bakkafrost: 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 (thousand tonnes) | Average weight (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.