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Mowi Sets Q3 Harvest Record at 186,000 Tonnes as EBIT Reaches EUR 275 Million

Group Operational EBIT rose from EUR 112 million a year earlier, while blended farming costs fell to EUR 5.11 per kilogram.

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Workers haul a salmon net beside a fjord farm outside Bergen, Norway (AI-generated image / EconoTimes)
Workers haul a salmon net beside a fjord farm outside Bergen, Norway (AI-generated image / EconoTimes)

Mowi ASA reported a quarterly harvest record of 186,000 tonnes for Q3 2026 and a seasonal high in group Operational EBIT, which rose to EUR 275 million from EUR 112 million a year earlier.

The company’s blended farming cost was EUR 5.11 per kilogram in the quarter, compared with EUR 5.42 in Q3 2025. Mowi valued the decline at EUR 51 million, or EUR 0.31 per kilogram.

Per-kilogram Operational EBIT was EUR 1.80 in Norway, EUR 1.70 in Scotland, EUR 1.25 in Canada West and EUR 0.55 in Chile. Consumer Products recorded EUR 45 million in Operational EBIT. Feed posted EUR 34 million in Operational EBITDA.

Mowi reported harvest volumes in gutted weight equivalents (GWT). Norway contributed 134,000 tonnes, the largest amount among the listed regions. Chile produced 23,500 tonnes and Scotland 11,500 tonnes. Canada West accounted for 7,500 tonnes, Iceland’s Arctic Fish operation 4,000 tonnes, the Faroes 3,000 tonnes and Ireland 2,500 tonnes. The company reported 166,000 tonnes for Q3 2025.

Group net interest-bearing debt stood at about EUR 2.886 billion at quarter-end, excluding IFRS 16 effects. Mowi plans to release its complete Q3 2026 report Nov. 4 at 12:30 a.m. ET (05:30 UTC).

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