Mowi ASA (OSE:MOWI): Q3 2025 Trading Update

2025-10-15 12:31:11

(MENAFN- GlobeNewsWire - Nasdaq) Harvest volumes Q3 2025 (1)

Farming Norway	99.5 thousand tonnes
Farming Scotland	17.5 thousand tonnes
Farming Chile	22.5 thousand tonnes
Farming Canada	15.5 thousand tonnes
Farming Ireland	3.0 thousand tonnes
Farming Faroes	2.5 thousand tonnes
Farming Iceland (Arctic Fish)	5.5 thousand tonnes
Total	166.0 thousand tonnes

Harvest volumes in the quarter of 166k GWT were all-time high (161k GWT in Q3 2024). In connection with the presentation of the Q2 2025 results, Mowi guided a total harvest volume of 160k GWT for Q3 2025.

Note:
(1) The harvest volumes are provided in gutted weight equivalents (GWT).

Additional information

Operational EBIT for the Group was approx. EUR 112 million in Q3 2025 (NOK 1,322 million / EURNOK 11.80). Blended farming cost was EUR 5.42 per kg in the quarter, down from EUR 5.72 in Q3 2024 and stable from Q2 as guided.

Total Q3 Operational EBIT per kg through the value chain was approximately as follows:

Norway	EUR	1.10
Scotland	EUR	1.55
Chile	EUR	0.55
Canada	EUR	(2.00)	(Canada West EUR 0.40)
Ireland	EUR	0.20
Faroes	EUR	0.55
Iceland	EUR	(1.10)

Operational EBIT in Consumer Products was EUR 66 million. Operational EBITDA in Feed was EUR 26 million in Q3 2025. Reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 1 760 million at the end of the quarter (excluding IFRS 16 effects). The complete Q3 2025 report will be released on 5 November at 06:30 CET.

Please refer to the Annual Report for detailed descriptions and reconciliations of non-IFRS measures such as Operational EBIT and NIBD.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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