Averøy,Norway ,28 February 2024 Nordic Halibut AS today publishes its interim quarterly report for Q4 2023. The interim report and financial statement for Q4 2023 were approved by the Board of Directors on27 February 2024 . Q4 2023 Highlights o 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 o The upward trend in sales prices persisted into Q4 2023, registering an average sales price of165 NOK /kg o Harvested 161 tonnes (145 tonnes HOG) with an average harvest weight of 5.5 kg during the quarter o Total revenue in Q4 2023 ended atNOK 25 million (-21% YoY) o Strong biological control enables new commercial strategy that will yield better results with higher margins and increased full run-rate production volumes long-term o In line with expectations, EBITDA came in atNOK -11.0 million and loss for the period ended atNOK 22.6 million in total o The Tingvoll facility construction progresses according to plan with financing secured o Capital raise of approx.NOK 205 million strengthens financial position 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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