Averøy,Norway ,22 May 2024 Nordic Halibut AS today publishes its interim quarterly report for Q1 2024. The interim report and financial statement for Q1 2024 were approved by the Board of Directors on21 May 2024 . Q1 2024 Highlights · Nordic Halibut continues to be well positioned to achieve long-term production targets of 4,500 tonnes head-on-gutted (HOG) within 2026 and 10,350 tonnes HOG within 2031 · Harvested 150 tonnes (135 tonnes HOG) with an average harvest weight of 4,9 kg during the quarter · Nordic Halibut is aligned with the strategic harvest plan, which emphasizes biomass growth to support the adjusted commercial targets · Registering an average sales price of163 NOK /kg for Q1 2024 · In Q1 2024, Nordic Halibut achieved a superior quality rate of 99.7% · Total revenue in Q1 2024 ended atNOK 22 million (-41% YoY) · Available liquidity at period end wasNOK 206 million · In line with expectations, EBITDA came in atNOK -8.4 million and loss for the period ended atNOK 22.3 million in total ·Thomas Scheele Berg has signed as new Chief Financial Officer ("CFO"), effective from1 August 2024 · Aina Røsseland started as Chief Sustainability Officer ("CSO") 1 mars 2024 For more information, please see the attached report or contact: CEOEdvard Henden edvard@nordichalibut.no +47 911 41 165 or CFOKenneth Meyer kenneth.meyer@nordichalibut.no +47 452 12 424 AboutNordic Halibut AS : Nordic Halibut is a leading farmer ofAtlantic halibut located inWestern Norway and with headquarters in Averøy, Nordmøre. The Company has a fully integrated and well-developed value chain from genetics to sales and has had a significant breakthrough in early phase production. A growth plan to expand production volumes is implemented with production target of 4,500 tonnes HOG within 2026 and 10,350 tonnes HOG within 2031. Nordic Halibut will create shareholder value by pursuing value accretive organic growth through increased production.
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