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Mowi ASA (OSE:MOWI): Q2 2025 Trading update
GlobeNewswire News Roomยท 2025-07-15 04:30
Harvest Volumes - Total harvest volume for Q2 2025 is 133.0 thousand tonnes, with contributions from various regions: Norway (72.5k), Scotland (24.0k), Chile (15.5k), Canada (9.5k), Ireland (5.0k), Faroes (4.5k), and Iceland (2.0k) [1][2] - Mowi guided a total harvest volume of 130k GWT for Q2 2025, compared to 110k GWT in Q2 2024 [1] Financial Performance - Operational EBIT for the Group was approximately EUR 189 million in Q2 2025, attributed to strong cost performance [3] - Blended farming cost decreased to EUR 5.39 per kg in Q2 2025, down from EUR 5.84 in Q2 2024 and EUR 5.89 in Q1 2025 [3] - Operational EBIT per kg varied by region: Norway (EUR 1.90), Scotland (EUR 1.30), Chile (EUR 1.15), Canada (EUR 0.25), Ireland (EUR 0.20), Faroes (EUR 0.90), and Iceland (EUR -2.20) [3] Debt and Future Reporting - Reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 1,895 million at the end of the quarter, excluding IFRS 16 effects [3] - The complete Q2 2025 report is scheduled for release on 20 August at 06:30 CET [3]