Bakkafrost: Correction to Q3 2026 Trading Update
With reference to the announcement made earlier today, 5 October 2026 (NewsWeb messageID 683596), in which the total sold fish meal in Q3 2026 was incorrectly summarised as 0.0. The correct total sold fish meal in Q3 2026 was 1.2 as updated below.
FARMING
In Q3 2026, the harvest volumes for Bakkafrost's operation in the Faroe Islands and Scotland were:
| Region | Month | Q3 2026 Harvest volume (thousand tonnes HOG) | Q3 2026 Average weight (kg) | YTD 2026 Harvest volume (thousand tonnes HOG) |
| Faroe Islands | July | 8.3 | 5.0 | 75.0 |
| August | 7.1 | 5.0 | ||
| September | 7.7 | 4.9 | ||
| Q3 total | 23.1 | 5.0 | ||
| Scotland | July | 1.2 | 2.9 | 13.9 |
| August | 1.3 | 3.1 | ||
| September | 1.9 | 3.0 | ||
| Q3 total | 4.5 | 3.0 |
Based on preliminary numbers, Q3 2026 exceptional mortality costs in Farming were:
- Faroe Islands: 0 mDKK
- Scotland: 42.0 mDKK, whereof 33.5 mDKK related to farming sites harvested out during the quarter)
FRESHWATER
The smolt release in Q3 2026 was (in millions):
| Q3 2026 | YTD 2026 | |
| Faroe Islands | 4.5 | 14.0 |
| Scotland | 2.9 | 7.8 |
The number of fish present as of 30 September 2026 at each farming site in the Faroe Islands is available on Bakkafrost's homepage: Biomass overview - Faroe Islands. Going forward, this overview will be updated monthly.
Based on preliminary numbers, Q3 2026 exceptional mortality costs in Freshwater were:
- Faroe Islands: 0 mDKK
- Scotland: 0 mDKK
FISHMEAL, OIL AND FEED (FOF)
In Q3 2026, the volumes sourced and sold in the FOF segment were (in thousand tonnes):
| Month | Marine raw material sourcing | Feed sales | Fish meal sales | Fish oil sales |
| July | 3.5 | 15.2 | 0.0 | 0.0 |
| August | 3.7 | 15.5 | 1.2 | 0.0 |
| September | 2.3 | 17.5 | 0.0 | 0.0 |
| Q3 Total | 9.6 | 48.2 | 1.2 | 0.0 |
| YTD 2026 Total | 170.2 | 121.0 | 2.4 | 0.0 |
The full Q3 2026 report will be released on 2 November 2026 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.