Mowi ASA ( (MHGVY) ) has released its Q1 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 and distribution of farmed salmon, operating across several countries with a focus on sustainable and efficient aquaculture practices.
In its latest earnings report for the first quarter of 2025, Mowi ASA reported an operational EBIT of EUR 214 million, reflecting a strong biological and operational performance. The company achieved its second-best Q1 harvest volume, driven by improved volumes and reduced costs.
Key financial highlights include a financial EBIT of EUR 41 million and a quarterly dividend of NOK 1.70 per share. The company experienced a seasonally high seawater production and strong biological KPIs, with a notable reduction in farming costs compared to the previous year. Mowi also reported record-high feed volumes and earnings, alongside a strategic review of its Feed division.
Looking forward, Mowi ASA anticipates further cost reductions and volume increases in the coming quarters. The company is also in the process of closing its Nova Sea transaction, which is expected to enhance its market position. Mowi’s management remains optimistic about maintaining strong operational performance and financial stability.
Overall, Mowi ASA’s robust first-quarter results and strategic initiatives position the company well for continued growth and profitability in the competitive seafood industry.