Mowi Reports Record Revenue and Volume Growth in 2025
Event summary
- Mowi reported record revenue of €1.59 billion and operating profit of €213 million in Q4 2025, capping a year of record performance.
- Full-year 2025 revenue reached €5.73 billion, with slaughter volume growing 11.4% to 559,000 tons.
- Mowi expects to slaughter 605,000 tons in 2026, an 8.3% increase, outpacing industry growth forecasts of 1%.
- Strategic partnership with Skretting expected to deliver €55 million in annual cost savings.
The big picture
Mowi's record performance in 2025 highlights its leadership in global salmon production, with strategic expansions in processing and feed production. The company's ability to outpace industry growth rates positions it favorably as market supply normalizes. The Skretting partnership underscores Mowi's focus on operational efficiency amid regulatory and biological constraints in aquaculture.
What we're watching
- Volume Growth
- Whether Mowi can sustain its 8.3% volume growth rate in 2026 amid industry-wide constraints.
- Market Dynamics
- How normalization of supply growth to 1% in 2026 will impact salmon prices and market balance.
- Cost Optimization
- The pace at which Mowi realizes cost savings from its Skretting partnership.
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