Mowi has ended 2025 by setting new records for both the fourth quarter and the full year, achieving the highest revenues and harvest volumes in its history.
The Norway-based company, the world’s largest salmon farmer and the country’s biggest food producer, reported annual turnover of €5.73 billion and harvest volumes of 559,000 tonnes, representing growth of 11.4%.
“I am delighted that we are delivering on our strategy and am impressed yet again by the way this whole organisation constantly strives for both record volumes and record revenues throughout the value chain,” said chief executive Ivan Vindheim.
“It is also pleasing to see that costs in Farming are down by €197 million and are expected to fall even more in 2026.”
READ MORE: Mowi harvests record Q3 salmon volume
Fourth-quarter volumes reached a seasonally record-high 152,000 tonnes. Despite a year marked by low salmon prices due to exceptionally high global supply growth of 12%, Mowi delivered solid financial results. Operational profit for the fourth quarter came in at €213 million, contributing to a full-year result of €727 million and a return on capital employed of 13.3%.
Mowi expects to harvest 605,000 tonnes in 2026, an anticipated growth rate of 8.3%, significantly above the projected 1% industry growth. The company said it has 8.7% more fish in the sea compared with the same time last year, positioning it well for further expansion.
Consumer Products delivered record operational EBIT of €197 million on volumes of 265,000 tonnes, while Mowi Feed posted earnings of €67 million on 585,000 tonnes of feed. The company also strengthened its global brand presence, expanding the MOWI brand to 23 countries and increasing branded volumes by 30%.
The board has declared a quarterly dividend of NOK 1.50 (€0.13) per share.
