The earnings call highlighted strong sales, profit, and cost management achievements, with notable performances in Consumer Products and Feed divisions. However, the quarter experienced significant pressure on prices due to high supply growth, and challenges in Canadian and Arctic operations. Despite these challenges, Mowi's increased volume guidance and cost control measures present a positive outlook.

Company Guidance -

Q3 2025

In the recent call, Mowi provided guidance for its fiscal year 2025, reporting record-high industry supply growth of 18% year-over-year in Q2, a figure not seen since 2012, impacting prices. Mowi achieved a seasonal record-high harvest volume of 133,000 tonnes, marking a 21% increase year-over-year, translating into sales of EUR 1.39 billion and an operational profit of EUR 189 million. The company reduced its realized production costs to EUR 5.39 per kilo, down EUR 0.45 year-over-year, contributing EUR 49 million to earnings in Q2. Mowi raised its annual farming volume guidance to 545,000 tonnes, an 8.7% increase year-over-year, and anticipates a 10% growth next year with a target of 600,000 tonnes. The Board declared a quarterly dividend of NOK 1.45 per share. The company also reported a net interest-bearing debt of EUR 1.90 billion, with an underlying earnings per share of EUR 0.25 and an annualized return on capital employed at 13.3%.

Record-High Sales and Operational Profit

Mowi reported seasonally record-high sales of EUR 1.39 billion and an operational profit of EUR 189 million, driven by record harvest volumes of 133,000 tonnes, up 21% year-over-year.

Strong Cost Management

Lower realized blended farming costs significantly contributed EUR 49 million to quarterly earnings and EUR 67 million year-to-date, with production costs down by EUR 0.45 year-over-year to EUR 5.39 per kilo.

Impressive Performance of Consumer Products and Feed Divisions

Consumer Products reported an operational profit of EUR 52 million, more than doubling from the previous year, while Mowi Feed achieved seasonally record-high operational EBITDA of EUR 40 million.

Increased Farming Volume Guidance

Mowi increased its farming volume guidance from 530,000 tonnes to 545,000 tonnes for the year, with expectations of harvesting at least 600,000 tonnes next year.

Mowi ASA (MHGVY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MHGVY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.16 / -	0.229	―	―	―
Aug 20, 2025	2025 (Q2)	0.28 / 0.27	0.333	-17.72% (-0.06)
May 14, 2025	2025 (Q1)	0.31 / 0.33	0.226	43.81% (+0.10)
Feb 12, 2025	2024 (Q4)	0.29 / 0.32	0.279	15.41% (+0.04)
Nov 06, 2024	2024 (Q3)	0.21 / 0.23	0.257	-10.89% (-0.03)
Aug 21, 2024	2024 (Q2)	0.32 / 0.33	0.38	-12.37% (-0.05)
May 08, 2024	2024 (Q1)	0.26 / 0.23	0.362	-37.57% (-0.14)
Feb 14, 2024	2023 (Q4)	0.26 / 0.28	0.352	-20.74% (-0.07)
Nov 08, 2023	2023 (Q3)	0.26 / 0.26	0.341	-24.63% (-0.08)
Aug 23, 2023	2023 (Q2)	0.40 / 0.38	0.459	-17.21% (-0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MHGVY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 20, 2025	$19.88	$19.97	+0.45%
May 14, 2025	$18.12	$18.17	+0.28%
Feb 12, 2025	$19.25	$18.94	-1.61%
Nov 06, 2024	$17.08	$17.60	+3.04%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mowi ASA (MHGVY) report earnings?

Mowi ASA (MHGVY) is schdueled to report earning on Nov 05, 2025, Before Open (Confirmed).

What is Mowi ASA (MHGVY) earnings time?

Mowi ASA (MHGVY) earnings time is at Nov 05, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MHGVY EPS forecast?

MHGVY EPS forecast for the fiscal quarter 2025 (Q3) is 0.16.

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