Mowi's earnings call highlighted strong operational achievements, including record harvest volumes and successful cost reduction strategies. The acquisition of Nova Sea and strong performance in Consumer and Feed divisions were notable achievements. However, the company faced challenges with soft market prices and biological issues in certain regions, impacting profitability. Overall, the positives slightly outweighed the negatives.

Company Guidance

In the third quarter of 2025, Mowi reported an operating revenue of EUR 1.39 billion and an operational profit of EUR 112 million, marking a significant achievement with a record high harvest volume of 166,000 tonnes, slightly exceeding their guidance. The company's weighted realized production cost was EUR 5.42 per kilo, reflecting a 5% year-over-year reduction. Mowi's acquisition of Nova Sea was finalized in October, allowing for the integration aimed at achieving EUR 34 million in synergies. The company's farming volume guidance was revised to 554,000 tonnes for 2025, indicating a 10.5% year-over-year growth, with expectations to elevate this to 605,000 tonnes in 2026, translating to a 9.2% growth. Mowi also announced a quarterly dividend of NOK 1.50 per share. Operational efficiency continues to improve, with significant reductions in costs and FTEs, contributing to a robust financial position and a strong balance sheet with a net interest-bearing debt of EUR 1.76 billion. The outlook for 2026 includes stable production costs and further volume growth, supported by increased postsmolt production and strategic investments.

Record High Harvest Volumes

Mowi achieved record high harvest volumes of 166,000 tonnes, slightly above guidance, leading to EUR 1.39 billion in operating revenues.

Cost Reduction Achievements

Weighted realized production cost was stable quarter-over-quarter and down by 5% year-over-year, resulting in a EUR 50 million decrease in P&L cost year-over-year and EUR 126 million year-to-date.

Successful Nova Sea Acquisition

The acquisition of Nova Sea was completed, with anticipated synergies of EUR 34 million, contributing to an increase in volume guidance from 545,000 tonnes to 554,000 tonnes for the year.

Strong Consumer Products and Feed Performance

Consumer and Feed divisions delivered strong results, with record-high earnings in Consumer Products and a quarterly record high operational EBITDA of EUR 26 million in Feed.

Positive Price Performance

Mowi's price performance was 15% above the reference price, positively impacted by contract share and contract prices above the prevailing spot price.

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
Feb 11, 2026	2025 (Q4)	0.38 / -	0.322	―	―	―
Nov 05, 2025	2025 (Q3)	0.15 / 0.15	0.229	-34.93% (-0.08)
Aug 20, 2025	2025 (Q2)	0.28 / 0.29	0.333	-12.31% (-0.04)
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)

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
Nov 05, 2025	$21.72	$22.10	+1.75%
Aug 20, 2025	$19.78	$19.87	+0.46%
May 14, 2025	$18.02	$18.07	+0.28%
Feb 12, 2025	$19.15	$18.84	-1.62%

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 Feb 11, 2026, Before Open (Confirmed).

What is Mowi ASA (MHGVY) earnings time?

Mowi ASA (MHGVY) earnings time is at Feb 11, 2026, 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 (Q4) is 0.38.

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