Frode Arntsen
President & CEO

Good morning, everyone, and welcome to the presentation of SalMar's results for the first quarter of 2026. My name is Frode Arntsen. I am the CEO of SalMar. And with me today, I have our CFO, Ulrik Steinvik.

We have been looking forward to presenting these numbers today because our start to 2026 has been very strong. At SalMar, it is always about producing salmon on the salmon's terms. That's why it is especially pleasing to see the record strong biological performance we have achieved at sea so far this year.

These results do not come by themselves. They are the result of continuous improvement throughout the value chain to ensure the best possible conditions for our salmon. When we have strong biology, we also deliver good financial results, and you will see that clearly in today's presentation.

Above all, this is made possible by the hard work of all our employees. Every day, they go to work to make SalMar a little bit better than it was yesterday, and you care about the salmon. At SalMar, we are one team performing together. Thank you to everybody.

Today's presentation will follow the same structure as before. I will take you through some Q1 highlights as well as the different business segments before CFO, Ulrik, walks you through the financial update.

To conclude, I will show some of the record strong biological key figures we have delivered before ending with the increased volume guidance for 2026. In Norway, we harvested 56,300 tons at a margin of NOK 27.3 per kilo. Overall, the Norwegian operations delivered an operational EBIT of NOK 1,536 million.