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Mowi ASA (OSE:MOWI): Q3 2025 Trading update
Globenewswire· 2025-10-15 04:30
Core Insights - The total harvest volume for Q3 2025 reached an all-time high of 166.0 thousand tonnes, surpassing the previous record of 161.0 thousand tonnes in Q3 2024 [1] - Mowi had previously guided a total harvest volume of 160.0 thousand tonnes for Q3 2025 [1] Harvest Volumes - Harvest volumes by region for Q3 2025 are as follows: - Farming Norway: 99.5 thousand tonnes - Farming Scotland: 17.5 thousand tonnes - Farming Chile: 22.5 thousand tonnes - Farming Canada: 15.5 thousand tonnes - Farming Ireland: 3.0 thousand tonnes - Farming Faroes: 2.5 thousand tonnes - Farming Iceland (Arctic Fish): 5.5 thousand tonnes [1] Financial Performance - Operational EBIT for the Group was approximately EUR 112 million in Q3 2025 [3] - Blended farming cost decreased to EUR 5.42 per kg, down from EUR 5.72 in Q3 2024 [3] - Operational EBIT per kg by region was as follows: - Norway: EUR 1.10 - Scotland: EUR 1.55 - Chile: EUR 0.55 - Canada: EUR (2.00) - Ireland: EUR 0.20 - Faroes: EUR 0.55 - Iceland: EUR (1.10) [3] Additional Financial Metrics - Operational EBIT in Consumer Products was EUR 66 million [3] - Operational EBITDA in Feed was EUR 26 million in Q3 2025 [3] - Reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 1,760 million at the end of the quarter [3]