Mowi Delivers Record Q1 Salmon Harvest and Higher Earnings Despite Regional Challenges

An announcement from Mowi ASA ( (GB:0OAW) ) is now available.

Mowi ASA reported record first-quarter 2026 harvest volumes of 136,000 tonnes of salmon, up 26% from a year earlier and well above its earlier guidance, driven by strong output across its farming regions, particularly Norway, Scotland and Chile. The company generated approximately EUR 221 million in Operational EBIT, reduced blended farming costs to EUR 5.46 per kg despite an algae bloom impact in Southern Norway, and posted positive contributions from Consumer Products and Feed, while maintaining a sizeable net interest-bearing debt position of about EUR 2.74 billion.

Profitability per kilo varied significantly by region, with Norway delivering the highest Operational EBIT per kg and Canada slightly negative, underscoring geographic performance disparities within Mowi’s portfolio. The strong volume growth, cost improvements and solid value-chain earnings reinforce Mowi’s position as a scale leader in salmon aquaculture, but regional biological challenges and high leverage remain key factors for investors and other stakeholders to monitor ahead of the full Q1 2026 report.

The most recent analyst rating on (GB:0OAW) stock is a Buy with a NOK245.00 price target. To see the full list of analyst forecasts on Mowi ASA stock, see the GB:0OAW Stock Forecast page.

More about Mowi ASA

Mowi ASA is a leading global seafood company and one of the world’s largest producers of farmed Atlantic salmon, with farming operations across Norway, Scotland, Chile, Canada, Ireland, the Faroe Islands and Iceland. The group focuses on integrated aquaculture, including farming, consumer products and feed, supplying salmon to international retail and foodservice markets.

YTD Price Performance: -12.59%

Average Trading Volume: 1,255,048

Current Market Cap: NOK111.4B

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