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euronext128d ago

Atlantic Sapphire ASA – Evaluating financing to support continued execution toward EBITDA breakeven

Atlantic Sapphire ASA – Evaluating financing to support continued execution toward EBITDA breakeven Stocks master_of_puppetsFri 06/02/2026 - 04:44 NO0013464750 NO0013340802 06/02/2026 - 04:42 Oslo Atlantic Sapphire ASA – Evaluating financing to support continued execution toward EBITDA breakeven Additional regulated information required to be disclosed under the laws of a Member State 90000-665012 Oslo Børs Newspoint Atlantic Sapphire ASA Euronext Oslo Børs Published 45102010 Farming, Fishing, Ranching and Plantations XOSL XOSL Language English Miami, Florida, February 5, 2026Atlantic Sapphire ASA (along with its subsidiaries, the “Company”) refers to thestock exchange release dated 31 August 2025 and subsequent disclosures regardingthe Company’s operational turnaround, liquidity position and Phase 1 executionplan.Over the past 18 months, the Company has executed a comprehensive operationaland organizational turnaround across production, processing and commercialoperations, delivering substantial measurable improvements. Compared with 2024,harvest biomass increased from 4,365 tons HOG to 5,096 tons in 2025, and averageharvest weight increased from 1.7 kg to 2.9 kg HOG. Commercial executionimproved with superior-grade share increasing from 36% to 81% and average priceincreasing from $5.1/kg HOG equivalent to $8.3/kg. Biological performance hasbeen stable with robust indicators on mortality, feed conversion ratio and waterquality. In parallel, the Company has reduced its cost base and improvedoperational efficiency across the organization. This is supported by the phasedimplementation of increased biofiltration and degassing capacity, withmeaningful effects to be realized as these measures are progressively broughtfully into operation, and a continued focus on operational discipline andexecution.While underlying operational developments are positive, the Company’s cash flowdevelopment remains impacted by the timing of operational improvements, workingcapital requirements and certain deviations in harvest volumes and averageharvest weights, including during the fourth quarter of 2025. Certain costreduction and efficiency initiatives have taken longer than initially assumed tofully materialize, and the Company’s financial development remains sensitive toexecution timing and market conditions. Based on updated cash flow projections, including the timing of operationalimprovements and working capital requirements, Atlantic Sapphire will requireadditional capital in the range of USD 15-25 million to support continuedexecution of the Company’s Phase 1 plan and to ensure sufficient liquidityheadroom over the planning horizon, while preserving appropriate financialflexibility. The Board and management are in discussions with the Company’s largestshareholders regarding potential funding alternatives. The Company remainsfocused on continued operational improvements, disciplined cash management andexecution of its Phase 1 plan.The Company’s revised business plan targets approximately 7,000 tons harvestvolume in 2026, rising toward 7,500–8,500 tons thereafter with furtheroptimization of Phase 1. With Phase 1 delivering strong operational results,Atlantic Sapphire is positioned to complete its turnaround and unlock the nextstage of value accretive growth.For further information, please contact: Gunnar Aasbø-Skinderhaug, Deputy CEO/ CFO gunnar@atlanticsapphire.com investorrelations@atlanticsapphire.com About Atlantic Sapphire ASA Atlantic Sapphire is pioneering Bluehouse®(land-raised) salmon farming, locally, and transforming protein production,globally. Atlantic Sapphire operated its innovation center in Denmark from 2011until 2021 with a strong focus on R&D and innovation to equip the Company withthe technology and procedures that enable the Company to commercially scale upproduction in end markets close to the consumer. In the US, the Company holds the requisite permits and patents to construct itsBluehouse® in an ideal location in Homestead, Florida, just south of Miami. TheCompany's Phase 1 facility is in operation, which provides the capacity toharvest up to approximately 7,500-8,500 tons (HOG) of salmon annually. TheCompany completed its first commercial harvest in the US in September 2020.Atlantic Sapphire is currently developing its Phase 2 expansion, which willbring total annual production capacity to 25,000 tons and has a long-termtargeted harvest volume of >100,000 tons. This information is subject to the disclosure requirements pursuant to theMarket Abuse Regulation art. 19 and the Norwegian Securities Trading Act section4-2 and 5-12.More information:Access">https://newsweb.oslobors.no/message/665012">Access the news on Oslo Bors NewsWeb site ATLANTIC SAPPHIRE ATLANTIC SAPPHIRE ASA TR Atlantic Sapphire ASA 232587 NO0013464750-XOSL NO0013340802-XOSL ASA ASAS

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Inside Trump's push to rename Dulles and Penn Station after himself
biztoc128d ago

Inside Trump's push to rename Dulles and Penn Station after himself

President Trump last month offered to drop his hold on billions of dollars for a major infrastructure project in New York, but only if Senate Minority Leader Chuck Schumer agreed to rename New York's Penn Station and Washington's Dulles International Airport after Trump.Schumer (D-N.Y.) rejected...

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Govt's Net Borrowing Is On Lower Side: RBI Governor
menafn128d ago

Govt's Net Borrowing Is On Lower Side: RBI Governor

(MENAFN - IANS) Mumbai, Feb 6 (IANS) RBI Governor Sanjay Malhotra said on Friday that the government's borrowing programme is on the lower side, which would enable it to raise the required resources ...

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NBA Legend Thinks Kevin Durant Deserves Two Statues
biztoc128d ago

NBA Legend Thinks Kevin Durant Deserves Two Statues

From his rise to superstardom with the Oklahoma City Thunder to championship glory with the Golden State Warriors, Kevin Durant has had a storied career.In a recent episode of the No Fouls Given podcast, Basketball Hall of Famer Paul Pierce suggested that Durant deserves to be honored by both the...

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Google Releases Core Update Targeting Discover Feed
startupnews128d ago

Google Releases Core Update Targeting Discover Feed

Google has released what it calls the February 2026 Discover core update, a broad change to the systems that surface content in the Discover feed. Google says the update is initially limited to English-language users in the United States, and it plans to expand it to more countries and languages in the future. Google announced [...]

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Hyperliquid’s HYPE Jumps 6.2% Post-Ripple Integration, as XRP Moves in the Opposite Direction
newsbtc128d ago

Hyperliquid’s HYPE Jumps 6.2% Post-Ripple Integration, as XRP Moves in the Opposite Direction

A volatile trading session on February 5 offered a clear example of how quickly narratives can diverge in the crypto market. While most large-cap assets moved lower amid regulatory uncertainty and heavy liquidations, Hyperliquid’s HYPE has posted a 6.2% gain following news of its integration with Ripple’s ecosystem. Related Reading: Bitcoin Crash To $72,000 Signals Major Reset: On-Chain Metrics Deteriorate At the same time, XRP extended its decline by 10%, weighed down by broader market pressure rather than project-specific developments. The contrast underlined how selective optimism can emerge even during a broad sell-off, especially when tied to infrastructure upgrades or ecosystem expansion. HYPE's price trends to the downside on the daily chart after recording some gains. Source: HYPEUSD on Tradingview HYPE Rallies After Ripple Integration Hyperliquid’s price moved higher, up 4.23%, after confirmation that the platform had integrated Ripple’s technology stack, a step aimed at improving interoperability and settlement efficiency. Market participants appeared to interpret the move as a practical enhancement rather than a speculative announcement, helping HYPE outperform a largely bearish market. The rally came despite worsening sentiment across the sector. Bitcoin traded near $71,000 after a sharp pullback, and total crypto market capitalization fell more than 6% on the day. Against that backdrop, HYPE’s gains stood out as traders rotated into assets linked to near-term network developments rather than macro-driven trades. While trading volumes in HYPE increased following the announcement, the move remained relatively contained, suggesting measured positioning rather than a surge of speculative leverage. XRP Slips as Market Weakness Dominates XRP, by contrast, declined alongside other major altcoins. The token fell close to 11% over 24 hours, tracking losses in Ethereum, Solana, and BNB as risk appetite faded. The drop occurred even as Ripple-related developments supported other parts of the ecosystem, underscoring how broader market conditions continue to outweigh individual catalysts for large-cap tokens. The sell-off was amplified by derivatives activity. Falling open interest and a rise in forced liquidations across centralized exchanges added to downside momentum, particularly for assets with high leverage exposure. XRP’s move appeared more sentiment-driven than fundamental, reflecting the day’s defensive tone. Broader Market Context Remains Fragile The divergence between HYPE and XRP played out as investors reacted to stalled discussions around a US crypto market structure bill and ongoing debates over stablecoin regulation. These issues contributed to a spike in volatility and more than $800 million in liquidations, mostly from long positions. Meanwhile, institutional positioning continued to shift. Grayscale’s recent decision to remove Cardano from its CoinDesk Crypto 5 ETF in favor of BNB reinforced the focus on liquidity and market depth, a theme that continues to shape capital flows. Related Reading: Are We Near A Bitcoin Bear Market Bottom? History Offers A Framework Hyperliquid’s rally indicates that targeted integrations continue to attract interest, despite weakness in the wider crypto market. Its durability, however, will depend on genuine adoption rather than sentiment alone. Cover image from ChatGPT, HYPEUSD chart on Tradingview

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