Mowi sees record volumes and strategic growth despite lower prices

Mowi ASA reported an operational EBIT of €112 million for Q3 2025, with financial EBIT reaching €172 million. This quarter saw an all-time high harvest volume of 166k GWT, contributing to a year-to-date volume of 406,943 GWT, up 10.5% year-over-year. The company increased its 2025 harvest volume guidance to a record-high 554k GWT from 545k GWT, and set a 2026 guidance of 605k GWT, reflecting a 9.2% increase year-over-year. Costs remained stable from Q2, with biomass costs in sea down year-over-year and quarter-over-quarter due to lower feed prices.

Mowi's strategic initiatives further bolstered performance, including all-time high earnings and volumes in consumer products due to strong operational performance and lower raw material costs, as well as record-high earnings in feed. The acquisition of Nova Sea was completed in October, with integration underway and expected synergies of €34 million annually. This acquisition is a catalyst for sustainable growth in Northern Norway, enhancing MAB utilization and site portfolios. The board of directors declared a quarterly dividend of NOK 1.50 per share.