The earnings call highlighted strong operational and biological performance with significant growth in harvest volumes and improved cost efficiency. However, the company faced challenges with lower than expected prices, tariff issues in the US, and regulatory concerns in Norway. Despite these challenges, the company's diverse operations and strategic initiatives suggest resilience.

Company Guidance -

Q2 2025

In the recent call, Mowi provided significant guidance and metrics for the upcoming periods. The company maintained its farming volume guidance for 2025 at 530,000 tonnes, highlighting strong biological performance and record-high growth in the sea. For 2026, Mowi expects to harvest 600,000 tonnes, with Nova Sea contributing to this growth. Looking further ahead, the company aims for at least 650,000 tonnes by 2029, leveraging increased smolt stocking and post-smolt strategies. The operational profit for Q1 2025 was €214 million, with operational revenue reaching €1.36 billion on 108,000 tonnes harvest volumes, marking a 12% year-over-year increase. The realized blended farming costs were €5.89 per kilo, demonstrating a downward trend. Mowi's net interest-bearing debt stood at €1.88 billion, with an equity ratio of 46%. The company's underlying earnings per share was €0.29, and the annualized return on capital employed was 16%. Despite facing lower-than-expected prices due to high industry supply growth, Mowi remains optimistic about future cost reductions and demand resilience, supported by its integrated global value chain. The board also announced a dividend of NOK 1.70 per share.

Strong Operational and Biological Performance

Mowi achieved record-high growth in the sea with improved biological metrics, leading to an operational profit of €214 million and revenue of €1.36 billion on 108,000 tonnes harvest volumes, up 12% year-over-year.

Increased Harvest Volumes and Industry Supply Growth

The industry supply growth was up by 13% year-over-year in Europe and 8% globally, with Mowi maintaining a farming volume guidance of 530,000 tonnes for the year.

Cost Reduction and Efficiency Gains

Realized blended farming costs were down compared to last year, with expectations for further decreases due to economies of scale and improved feed prices.

Positive Performance in Consumer Products and Feed Divisions

Consumer Products posted an operating profit increase to €33 million, while Mowi Feed achieved seasonally record-high volumes with a 14% increase year-over-year.

Dividend Distribution

The Board of Directors decided to distribute a quarterly dividend of NOK 1.70 per share.

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
Aug 20, 2025	2025 (Q2)	0.26 / -	0.333	―	―	―
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)
May 10, 2023	2023 (Q1)	0.38 / 0.36	0.306	18.30% (+0.06)

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
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%
Aug 21, 2024	$17.35	$17.37	+0.12%

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 Aug 20, 2025, Before Open (Confirmed).

What is Mowi ASA (MHGVY) earnings time?

Mowi ASA (MHGVY) earnings time is at Aug 20, 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 (Q2) is 0.26.

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