Bakkafrost: Q1 2025 Trading Update
FARMING
In Q1 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 | Jan | 6.7 | 5.1 |
| Feb | 6.8 | 5.0 | |
| Mar | 5.4 | 5.2 | |
| Q1 total | 18.9 | 5.1 | |
| Scotland | Jan | 1.9 | 6.5 |
| Feb | 2.1 | 6.9 | |
| Mar | 2.3 | 6.7 | |
| Q1 total | 6.3 | 6.7 |
All harvest volumes are provided in head-on gutted (HOG) equivalents.
Based on preliminary numbers, Q1 2025 incident-based mortality costs in the farming segments are estimated to be:
- Faroe Islands: 0 mDKK
- Scotland: 8 mDKK
FRESHWATER
The smolt release in Q1 2025 was:
- Faroe Islands: 3.2 million
- Scotland: 0.6 million
FISHMEAL, OIL AND FEED (FOF)
In Q1 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 |
| Jan | 25.5 | 10.7 | 2.4 | 0.0 |
| Feb | 39.2 | 8.4 | 0.0 | 0.0 |
| March | 44.8 | 12.3 | 1.2 | 0.0 |
| Q1 Total | 109.5 | 31.3 | 3.6 | 0.0 |
The full Q1 2025 report will be released on 19 May 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 of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.