Mowi ASA ( (MHGVY) ) has released its Q3 earnings. Here is a breakdown of the information Mowi ASA presented to its investors.
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Mowi ASA is a leading global seafood company specializing in the production and distribution of farmed salmon, operating across several countries including Norway, Scotland, Chile, and Canada. The company is recognized for its integrated approach to salmon farming, which includes feed production and consumer product development.
In its latest earnings report, Mowi ASA reported an operational EBIT of EUR 112 million and a financial EBIT of EUR 172 million for the third quarter of 2025. The company achieved an all-time high harvest volume of 165,640 GWT, surpassing its guidance. Mowi also completed the acquisition of Nova Sea, which is expected to enhance its operational capabilities.
Key financial highlights include a stable cost structure with a reduction in biomass costs due to lower feed prices. The company’s consumer products division reported record earnings, driven by strong operational performance and lower raw material costs. Mowi’s feed division also achieved record-high operational EBITDA. The company declared a quarterly dividend of NOK 1.50 per share.
Looking ahead, Mowi has increased its harvest volume guidance for 2025 to a record-high 554k GWT and anticipates further growth in 2026 with a guidance of 605k GWT. Despite challenges in market prices due to high industry supply, Mowi’s strategic acquisitions and cost management initiatives position it well for future growth.