Arctic Fish (AFISH): Q2 2026 – Strong volume growth and improved operational performance
Quarterly harvest volumes amounted to 5.6 thousand tonnes, compared with 2.0 thousand tonnes in Q2 2025 (Δ 177% YoY).
Revenues amounted to EUR 32.5 million, compared with EUR 12.6 million in the corresponding period last year (Δ 158% YoY), driven by significantly higher harvest volumes.
Operational EBIT amounted to negative EUR 3.1 million, compared with negative EUR 4.4 million in Q2 2025, representing an overall improvement of EUR 1.3 million and a marginal improvement on a pr. kg basis despite challenging market conditions and lower price achievement.
Forecasting and seeing lower cost levels, with cost reduction measures continuing to be a key priority moving forward.
The previously communicated harvest guidance for 2026 remains steady at 18.0 thousand tonnes.
The presentation materials are attached to this notice and can also be found on the company website: https://www.arcticfish.is/investor-relations/
For information, please contact: Daníel Jakobsson Email: dja@afish.is Tel: +354 820 6827
Baldur Smári Einarsson Email: bse@afish.is Tel: +354 690 1222
Arctic Fish in brief Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and sustainable value chain from smolt to sales. The production capacity for the company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses covering 10 farming areas in 5 different fjords, all located in the Westfjords of Iceland. The company's value chain consists of a state-of-the-art RAS hatching and smolt production facility, attractive sea sites with high bearing capacity and high-energy equipment, and a newly completed harvesting facility with sufficient capacity to secure the utilization of the licenses and growth objectives for the company.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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