Mowi ASA ( (MHGVY) ) has released its Q2 earnings. Here is a breakdown of the information Mowi ASA presented to its investors.
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Mowi ASA is a leading global seafood company specializing in the production of farmed salmon, operating across various regions including Norway, Scotland, and Chile. The company is known for its integrated value chain and commitment to sustainable aquaculture practices.
In its latest earnings report, Mowi ASA reported a seasonally record-high revenue of EUR 1.39 billion for the second quarter of 2025, driven by strong operational performance and increased harvest volumes. Despite a decrease in operational EBIT to EUR 188.5 million from the previous year, the company achieved significant improvements in biological KPIs and seawater production.
Key financial highlights include an increase in harvest volumes to 133,239 GWT, surpassing guidance, and a reduction in farming costs to EUR/kg 5.39, the lowest since 2022. Mowi also announced a strategic increase in volume guidance for 2025 by 15k GWT to 545k GWT, reflecting strong seawater growth. The company successfully refinanced a EUR 2.6 billion sustainability-linked facility and declared a quarterly dividend of NOK 1.45 per share.
Mowi’s Consumer Products division recorded its second-best quarter ever, with operational EBIT rising to EUR 52.2 million, supported by higher volumes and lower raw material costs. The Feed division also achieved record-high earnings and volumes, driven by strong demand and operational efficiencies.
Looking ahead, Mowi’s management remains optimistic about the company’s growth prospects, with expectations of stable costs in the second half of the year and continued strategic focus on enhancing operational efficiencies and expanding market presence.