Mowi ASA (OSE:MOWI): Q1 2025 Trading update

Harvest Volumes - Total harvest volume for Q1 2025 is guided at 108.0 thousand tonnes, an increase from 96.5 thousand tonnes in Q1 2024 [1] - Breakdown of harvest volumes by region includes: Norway (62.0 thousand tonnes), Scotland (17.5 thousand tonnes), Chile (14.0 thousand tonnes), Canada (5.0 thousand tonnes), Ireland (2.5 thousand tonnes), Faroes (4.0 thousand tonnes), and Iceland (3.0 thousand tonnes) [1] Financial Performance - Operational EBIT for the Group in Q1 2025 was approximately EUR 214 million, compared to EUR 201 million in Q1 2024, reflecting a year-over-year increase [3] - Blended farming cost decreased to EUR 5.89 per kg in Q1 2025 from EUR 6.05 in Q1 2024 [3] - Operational EBIT per kg varied by region: Norway (EUR 2.50), Scotland (EUR 1.80), Chile (EUR 0.90), Canada (EUR 0.80), Ireland (EUR 0.95), Faroes (EUR 2.75), and Iceland (EUR 0.00) [3] Debt and Future Reporting - Reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 1,890 million at the end of Q1 2025, excluding IFRS 16 effects [3] - The complete Q1 2025 report is scheduled for release on 14 May at 06:30 CET [3]