Q3 2025 Mowi ASA Earnings Call Transcript

Nov 5, 2025 / 10:59 AM GMT

Release Date Price: $20.61

Transcript

Key Points

Positve

Mowi ASA (MHGVY) reported record high harvest volumes of 166,000 tons, slightly above their guidance.
The company achieved a 5% year-over-year reduction in production costs, contributing to a significant decrease in P&L costs.
Mowi ASA (MHGVY) has increased its farming volume guidance for the year, expecting a 10.5% growth year-over-year.
The acquisition of Novosi was approved and closed, with expected synergies of €34 million.
Consumer products and feed divisions delivered strong quarterly results, with record high earnings.

Negative

The third quarter was characterized by soft prices, with prices even below industry costs.
Mowi ASA (MHGVY) reported a loss of €31 million in Canada due to challenging biological conditions.
The company faced lower spot prices, which negatively impacted operational EBIT.
There are concerns about potential biological risks in Chile due to increased biomass.
The company is facing uncertainties related to tariffs in the US, which could impact prices and trade flows.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MOWI.OL - Mowi ASA
Q3 2025 Mowi ASA Earnings Call
Nov 05, 2025 / NTS GMT

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Presentation
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Hailing from where it all began, the Moey salmon's adventure begins.

Norway, with its cold pure waters and majestic fjords. From here, the journey takes us far and wide.

Ireland is our next stop. To its rocky seasides and roaring tides, it's home to pristine life.

But our story doesn't end here. Off to the coast of Scotland we go, where untamed beauty rules the coastline, and rugged cliffs line the waters. Now to Canada, Iceland, the Faroe Islands, and Chile. Each of Moi's seven origins adds its own flavor to a tale of nature, taste, and adventure.

Salmon is good, moey is goodness.

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