Mowi harvests 133,000 tonnes in Q2, beating guidance on lower costs
Mowi harvested 133,000 tonnes (GWT) of salmon in the second quarter of 2025, exceeding its earlier guidance of 130,000 tonnes. This compares with 110,000 tonnes in the same quarter last year.
Harvest volumes by region were:
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Norway: 72.5k tonnes
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Scotland: 24.0k tonnes
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Chile: 15.5k tonnes
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Canada: 9.5k tonnes
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Ireland: 5.0k tonnes
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Faroes: 4.5k tonnes
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Iceland (Arctic Fish): 2.0k tonnes
Operational EBIT for the group in Q2 was approximately €189 million (NOK 2,206 million), supported by improved cost performance. Blended farming cost fell to €5.39 per kg, down from €5.84 in Q2 2024 and €5.89 in Q1 2025.
Operational EBIT per kg was:
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Norway: €1.90
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Scotland: €1.30
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Chile: €1.15
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Canada: €0.25
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Ireland: €0.20
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Faroes: €0.90
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Iceland: (€2.20), reflecting low volumes
Mowi’s Consumer Products division posted an operational EBIT of €52 million, while the Feed segment recorded operational EBITDA of €14 million.
Net interest-bearing debt, excluding IFRS 16 effects, stood at approximately €1.895 billion at the end of the quarter.
The company will publish its full Q2 2025 report on 20 August at 06:30 CET.
