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Mowi 2025 Q4 profit down, but Scotland holding up

Salmon giant Mowi today published lower than expected 2025 final quarter (October to December) financial results, showing that the Scotland harvest was down by 4,500 tons on Q4 a year earlier.

However, the Scottish harvest for the full year was up by 6,000 tons to 72,000 tons.

The total Mowi global harvest, however, rose by 18,500 tons thanks to higher output from its Norwegian and Chilean farms.

The group operational EBIT, or profit, was 213 million euros (£185m) down from €226 million (£185m) in Q4 2024.

The harvest volumes for the October to December period last year was (full year figure in brackets):

Farming Norway 98,000 tons (332,000 tons)

Farming Scotland 12,500 tons ( 72,000 tons)

Farming Chile 26,500 tons (78,000 tons)

Farming Canada 6,500m tons (37,000 tons)

Farming Ireland 1,000 tons (11,000 tons)

Farming Faroes 3,500mtons (11,000 tons)

Farming Iceland (Arctic Fish) 4,000 tons (15,000 tons)

Total for the full year was 152,000 tons

The total Q4 Operational EBIT, or operational profit, per kg through the value chain was approximately (Q4 figure 2024 figure in backets):

Norway 2 euros (€2.20)

Scotland €1.40 (€1.40)

Chile €0.35 (€ 0.85)

Canada minus €2.30 (€0.45)

Ireland not available

Faroes €1.65 (€1.05)

Iceland €0.10 (€0.75)

Mowi said the blended farming cost was €5.36 per kg in the quarter, down by 5.8% from Q4 2024, and slightly better than guidance. The standing biomass cost was also further down in the quarter. The operational EBIT in Consumer Products was €46 million.

The full 2025 final quarter report will be published on 11 February.

Why not try these links to see what our Fish Farmer AI can tell you.
(Please note this is an experimental service)

How did Scotland's harvest increase impact Mowi's overall 2025 results?What factors contributed to Scotland's strong performance in 2025?How does Mowi's stock market respond to regional harvest variations?What strategies helped Mowi maintain stability in Scotland despite profit decline?How do Mowi's operations in Norway and Chile compare to Scotland's?

HGV Driver - Mowi Scotland

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Hygiene Operative - Night - Bakkafrost Scotland Limited

Cairndow£33,273.52 per annum

HR Business Partner - Bakkafrost Scotland Limited

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