Harvest Volumes Overview for Q2 2025
In the second quarter of 2025, Mowi ASA reported impressive harvest volumes across various regions, totaling 133.0 thousand tonnes. This marks a significant achievement compared to previous periods, reflecting the company's strategic growth and efficiency in its operations.
Regional Harvest Breakdown
The harvest from different farming locations showed promising results:
- Norway: 72.5 thousand tonnes
- Scotland: 24.0 thousand tonnes
- Chile: 15.5 thousand tonnes
- Canada: 9.5 thousand tonnes
- Ireland: 5.0 thousand tonnes
- Faroes: 4.5 thousand tonnes
- Iceland (Arctic Fish): 2.0 thousand tonnes
This achievement in harvest volume not only surpasses the target of 130 thousand tons set previously but also represents a growth from the 110 thousand tonnes harvested in the corresponding quarter of the previous year.
Financial Highlights for Q2 2025
Mowi's operational performance is equally notable. The reported Operational EBIT for the Group stood at around EUR 189 million during this quarter, translating to a robust 2,206 million NOK. The costs of farming also demonstrated significant improvement, with a blend cost of EUR 5.39 per kg, reflecting a reduction from EUR 5.84 in Q2 of the previous year and EUR 5.89 in the first quarter of 2025.
Performance by Region
Analyzing total Operational EBIT per kilogram through the value chain provided insights into the varying performance across regions:
- Norway: EUR 1.90
- Scotland: EUR 1.30
- Chile: EUR 1.15
- Canada: EUR 0.25
- Ireland: EUR 0.20
- Faroes: EUR 0.90
- Iceland: (2.20) – indicating very low harvest volumes
Overall Operational Efficiency
Mowi's operational efficiency was highlighted by an EBIT of EUR 52 million specifically within the Consumer Products segment, indicating strong performance in their marketing efforts and product distribution. Additionally, the Feed segment saw an EBITDA of EUR 14 million, which reflects the company's ability to maintain solid financial foundations throughout various divisions.
The group’s reported net interest-bearing debt was about EUR 1,895 million at the end of the quarter. This figure does not include the effects of IFRS 16, providing a clearer picture of financial health and sustainability.
Looking Ahead
The anticipation for Mowi’s complete Q2 2025 report builds as it is set to be released soon, promising further insights. This report is expected to illuminate the company's forward-looking strategies and operational trajectories, providing valuable context for stakeholders.
Frequently Asked Questions
What are the key highlights of Mowi ASA's Q2 2025 performance?
Mowi ASA achieved a total harvest volume of 133.0 thousand tonnes with an Operational EBIT of approximately EUR 189 million, showcasing strong operational efficiency.
How has Mowi's harvest volume changed compared to previous years?
The harvest volume reflects a growth from 110 thousand tonnes in Q2 2024, exceeding the earlier target of 130 thousand tonnes for Q2 2025.
What was the blended farming cost reported for Q2 2025?
The blended farming cost was EUR 5.39 per kg, showing a decline from EUR 5.84 in the same quarter last year.
What is the significance of the operational EBIT per kg in different regions?
The regional EBIT highlights variations in performance, with Norway showing the strongest at EUR 1.90, while Iceland faced challenges with negative figures due to low harvest volumes.
What can stakeholders expect from Mowi's upcoming Q2 report?
Stakeholders can expect a comprehensive overview of Mowi's performance and strategic plans, as the full report is scheduled for release shortly.
