Mowi reports record 2025 harvest volumes, Q4 slightly ahead of guidance.
Mowi harvested a total of 152,000 tonnes gutted weight equivalent (GWT) in the fourth quarter of 2025, slightly above its earlier guidance of 147,000 tonnes GWT.
Harvest volumes Q4 2025 (GWT)
| Farming region | Q4 2025 (thousand tonnes) | Full year 2025 (thousand tonnes) |
|---|---|---|
| Norway | 98.0 | 332 |
| Scotland | 12.5 | 72 |
| Chile | 26.5 | 78 |
| Canada | 6.5 | 37 |
| Ireland | 1.0 | 11 |
| Faroes | 3.5 | 15 |
| Iceland (Arctic Fish) | 4.0 | 15 |
| Total | 152.0 | 559 |
Full-year harvest volumes reached a record 559,000 tonnes GWT in 2025, compared with 502,000 tonnes in 2024, corresponding to growth of 11.4 percent year on year.
Operational EBIT for the group was approximately €213 million in the fourth quarter, equivalent to NOK 2.5 billion. Blended farming cost in the quarter was €5.36 per kg, down 5.8 percent from Q4 2024 and slightly better than guidance. Standing biomass cost also declined further during the quarter.
Operational EBIT per kg by farming region, Q4 2025
| Region | Operational EBIT per kg |
|---|---|
| Norway | €2.00 |
| Scotland | €1.40 |
| Chile | €0.35 |
| Canada | (€2.30) |
| Ireland | n.a. |
| Faroes | €1.65 |
| Iceland | €0.10 |
Operational EBIT in Consumer Products was €46 million in Q4 2025, while Operational EBITDA in Feed amounted to €20 million. Reported net interest-bearing debt for the group was approximately €2.65 billion at the end of the quarter, excluding IFRS 16 effects.
The full Q4 2025 report will be released on 11 February at 06:30 CET.