Mowi harvests record volume in Q3, reports strong operational EBIT

Mowi ASA reported a record Q3 2025 harvest volume of 166.0 thousand tonnes, exceeding its guidance of 160.0 thousand tonnes. This also surpassed the 161.0 thousand tonnes harvested in Q3 2024. Norway led with 99.5 thousand tonnes, followed by Chile at 22.5 thousand tonnes and Scotland at 17.5 thousand tonnes.

The company posted approximate Group Operational EBIT of €112 million for the quarter. Blended farming cost improved to €5.42 per kg, down from €5.72 in Q3 2024. Operational EBIT per kg varied significantly by region, with Norway at €1.10 and Scotland at €1.55, while Canada recorded a negative €(2.00) and Iceland €(1.10).

Consumer Products contributed €66 million to Operational EBIT, and Feed generated €26 million in Operational EBITDA. Financial net interest-bearing debt (NIBD) stood at approximately €1,760 million at quarter-end, excluding IFRS 16 effects. The complete Q3 2025 report is scheduled for release on November 5.