14.4.2026 08:02:32 CEST | Andfjord Salmon | Annual financial and audit reports
Andfjord Salmon Group AS (Andfjord Salmon) has today published its integrated
annual report for 2025.
The integrated annual report, which includes Andfjord Salmon's approach to
environmental, social and governmental (ESG) topics and details of how
sustainability is integrated with the company's business strategy, is enclosed
to this announcement and also available on the company's website:
https://www.andfjordsalmon.com/en/our-investors/reports-and-presentations/
Andfjord Salmon has made a change in the audited consolidated annual financial
statements compared to the unaudited interim full-year 2025 financial numbers
presented on 25 February 2026. Borrowing cost of NOK 59.9 million in total for
the full year 2025 that were previously reported as financial cost are now
capitalised. The interest cost is related to general borrowing that meets the
criteria in IAS 23 for capitalisation. The effect of the change is reduced net
loss for 2025 and corresponding increased equity for the group as of 31 December
2025.
CONTACTS
* Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,
bjarne.martinsen@andfjord.no
ABOUT ANDFJORD SALMON
Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord
Salmon is developing the world's most sustainable and fish-friendly aquaculture
facility of its kind. Through a proprietary flow-through system, Andfjord Salmon
combines the best from ocean and land-based salmon farming. In its first
production cycle, the company achieved an industry-leading survival rate of 97.5
percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and
required 1 kWh to produce one kilo of salmon. For more information, see
www.andfjordsalmon.com - http://www.andfjordsalmon.com
ATTACHMENTS
Andfjord_AnnualReport_For_2025.pdf -
https://kommunikasjon.ntb.no/ir-files/17847566/18861180/7129/Andfjord_AnnualRepo
rt_For_2025.pdf
549300W7L5S281Y3DD68-2025-12-31-1-en.zip -
https://kommunikasjon.ntb.no/ir-files/17847566/18861180/7162/549300W7L5S281Y3DD6
8-2025-12-31-1-en.zip