Mowi's Q2 Performance Highlights
Mowi has achieved remarkable operating revenues of EUR 1.39 billion in the second quarter, showcasing a notable operational profit of EUR 189 million. This performance marks a significant milestone for the company, driven by strong biological and operational efficiencies, and indicates a robust market for their products.
Record Harvests and Growth Projections
In Q2 2025, Mowi harvested an impressive 133,000 tonnes, reflecting a 21% growth from the previous year. The company has raised its volume guidance for the year to 545,000 tonnes, indicating a promising annual growth rate of 9% from 2024. This growth can be attributed to effective seawater growth strategies implemented by Mowi.
Strategic Ownership and Future Goals
Mowi has recently expanded its ownership stake in Nova Sea from 49% to 95%, aiming for at least 600,000 tonnes in harvest by 2026. CEO Ivan Vindheim highlighted the expected 10% growth for the following year, affirming the company’s commitment to scaling operations. With this strategy, Mowi seeks to enhance its positioning in the market while nearing its target of 400,000 tonnes in Norway alone.
Enhanced Operational Efficiency
Over recent years, Mowi's production levels have seen substantial growth, transitioning from 400,000 tonnes to an anticipated 600,000 tonnes in the coming year. This growth significantly outpaces the industry average of 3.3%, largely attributed to organic initiatives. Mowi has also successfully reduced its workforce, resulting in a 36% boost in productivity.
Cost Management and Consumer Product Success
In the second quarter, Mowi's production costs reached their lowest point since 2022, positively affecting earnings by EUR 49 million. Notable cost-cutting measures and decreased feed prices contributed to this achievement. Additionally, Mowi Consumer Products has reported outstanding performance in the quarter, benefiting from high volumes and reduced raw material costs.
Market Demand and Future Supply Outlook
The market's appetite for Mowi's products remains strong, with total salmon consumption value increasing by 5% compared to the previous year. However, a surge in global supply growth of 18% during Q2 has pressured prices. Analysts anticipate that supply growth will stabilize in 2026, potentially leading to higher salmon prices in response.
Quarterly Dividend Announcement
Mowi's Board of Directors has declared a quarterly dividend of NOK 1.45 per share, reflecting the company’s ongoing commitment to returning value to its shareholders.
About Mowi ASA
Mowi ASA stands as one of the largest producers of farm-raised Atlantic salmon globally, with a targeted harvest of 545,000 tonnes. The company operates across seven countries, including Norway and Chile, emphasizing its integrated seafood operations. Mowi prides itself on maintaining high sustainability standards, ranked as the most sustainable listed animal protein producer according to industry assessments.
Contact Information
For further inquiries, please reach out to:
Kristian Ellingsen, CFO, +47 905 14 275
Kim Galtung Døsvig, IR Officer & Head of Treasury, +47 908 76 339
Ola Helge Hjetland, Group Communications Director, +47 970 67 932
Frequently Asked Questions
What were Mowi's Q2 revenues?
Mowi generated operating revenues of EUR 1.39 billion in Q2.
How much salmon did Mowi harvest in Q2 2025?
The company harvested a record 133,000 tonnes in the second quarter of 2025.
What growth does Mowi anticipate for next year?
Mowi expects to harvest at least 600,000 tonnes by the next year, showcasing a 10% growth.
What quarterly dividend did Mowi announce?
The Board of Directors announced a quarterly dividend of NOK 1.45 per share.
What distinguishes Mowi in the seafood industry?
Mowi is distinguished as the largest producer of farm-raised Atlantic salmon and emphasizes sustainability in its operations.
