A record fourth quarter ends a record year for Mowi

(Bergen, 11 February 2026) Mowi reported record-high revenues of EUR 1.59 billion and operational EBIT of EUR 213 million in the fourth quarter.

Mowi ended 2025 by once again setting a number of new records, both for the fourth quarter and for the full year. Norway’s largest food producer and the world’s largest salmon farmer has never had better revenues or harvest volumes than in 2025, with turnover of EUR 5.73 billion and harvest volumes of 559,000 tonnes, equivalent to annual growth of 11.4%. At 152,000 tonnes, volumes in the fourth quarter were also seasonally record-high.

“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. It is also pleasing to see that costs in Farming are down by EUR 197 million and are expected to fall even more in 2026,” Mowi CEO Ivan Vindheim said.

Salmon prices increased as expected in the fourth quarter, rounding off a year marked by low prices resulting from extremely high supply growth of 12%. Despite this, Mowi delivered relatively solid results both for the quarter at EUR 213 million and for the full year at EUR 727 million, corresponding to a return on capital employed of 13.3%.

Volume growth is one of Mowi’s strategic pillars and the farming business has seen impressive growth in recent years. In just a few years, Mowi has grown from a 400,000-tonne farmer to a 600,000-tonne farmer.

“2025 marked yet another record harvest year for Mowi and we expect to continue down this path by harvesting 605,000 tonnes in 2026. This represents annual growth of 8.3%, compared with 1% expected industry growth. We have never had so much fish in the sea at this time of year, with 8.7% more than at the same time last year. All of which positions us well for further growth,” said Vindheim.

Mowi Consumer Products, the group’s downstream processing business, delivered another solid quarter and an impressive 2025 overall, setting both operational and financial records. The division ended the year with operational EBIT of EUR 197 million and record-high volumes of 265,000 tonnes product weight.

Global demand for salmon continued to develop positively in 2025, and growth is particularly strong in Asia and America. With its global sales, logistics and processing footprint Mowi is uniquely positioned to take advantage of growth trends around the world. In 2025, Mowi strengthened its global brand presence and the MOWI brand is now present in 23 countries.