Mowi ASA Q3 2025 Earnings Recap

Mowi reported a solid third quarter with operating revenues of EUR 1.39 billion, driven by record harvest volumes of 166,000 tonnes despite experiencing continued pricing pressure below industry costs.

Key Takeaways

• Achieved operational profit of EUR 112 million, with costs down EUR 50 million year-over-year thanks to stable production costs.
• Successfully closed the acquisition of Nova Sea, set to deliver EUR 34 million in synergies and boost future harvest capacity.
• Consumer and Feed divisions posted record earnings, highlighting strong performance in non-farming segments.
• Board approved a quarterly dividend of NOK 1.50 per share, reflecting ongoing commitment to shareholder returns.
• Farm volume guidance increased from 545,000 tonnes to 554,000 tonnes year-over-year, reinforcing Mowi's market leadership in Atlantic salmon.