Mowi ASA Q2 2025 Earnings Recap

Mowi reported a strong second quarter in 2025, achieving record high harvest volumes and sales despite facing downward pressure on prices due to increased industry supply.

Key Takeaways

• Harvest volumes reached 133,000 tonnes, up 21% year-over-year, contributing to sales of EUR 1.39 billion.
• Operational profit for the quarter was EUR 189 million, aided by reduced farming costs down to EUR 5.39 per kilo.
• Quarterly dividend increased to NOK 1.45 per share, reflecting Mowi's strong cash flow and commitment to returning value to shareholders.
• Farming volume guidance updated to 545,000 tonnes for the year, projecting 8.7% growth year-over-year, with further growth anticipated with the inclusion of Nova Sea.
• Despite high industry supply impacting prices, Mowi's internal price performance was 11% above reference prices, demonstrating resilience and quality in their offerings.