• Iceland Seafood cut its 2026 normalized pretax profit forecast to EUR 8.5-10.5 million from EUR 11.5-13.5 million following Argentine operational disruptions.
• Freezer trawler breakdowns significantly disrupted operations in Argentina, reducing catches and earnings below targets.
• Weaker Argentine land-based operations also weighed on earnings; French operations incurred a bad debt of approximately EUR 500,000.
• Management has taken measures to reduce the risk of similar operational problems affecting performance next year.
• Fourth-quarter performance, including the upcoming Rawson season in Argentina, will determine where earnings fall within the revised range.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iceland Seafood International hf published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611100410OMX_____CNEWS_EN_GNW1001302797_en) on November 10, 2026, and is solely responsible for the information contained therein.