Mowi ASA (OSE:MOWI): Q4 2025 Trading update

Harvest Volumes - Total harvest volumes for Q4 2025 reached 152.0 thousand tonnes, contributing to a record-high full year total of 559 thousand tonnes, which represents an 11.4% increase from 502 thousand tonnes in 2024 [1] - Breakdown of Q4 2025 harvest volumes by region includes: Norway (98.0 thousand tonnes), Scotland (12.5 thousand tonnes), Chile (26.5 thousand tonnes), Canada (6.5 thousand tonnes), Ireland (1.0 thousand tonnes), Faroes (3.5 thousand tonnes), and Iceland (4.0 thousand tonnes) [1] Financial Performance - Operational EBIT for the Group in Q4 2025 was approximately EUR 213 million (NOK 2.5 billion) [4] - The blended farming cost decreased to EUR 5.36 per kg, down by 5.8% from Q4 2024, indicating improved cost efficiency [4] - Operational EBIT per kg varied by region, with Norway at EUR 2.00, Scotland at EUR 1.40, Chile at EUR 0.35, Canada at EUR (2.30), Faroes at EUR 1.65, and Iceland at EUR 0.10 [4] Debt and Future Reporting - The reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 2,650 million at the end of Q4 2025, excluding IFRS 16 effects [4] - The complete Q4 2025 report is scheduled for release on 11 February at 06:30 CET [4]