Mowi ASA Announces Strong Financial Performance for Q4 2025 and Full Year
Mowi ASA, the world’s largest producer of farmed Atlantic salmon, released its fourth‑quarter and full‑year 2025 results on 11 February 2026. The Norwegian‑listed company disclosed a substantial improvement in profitability, alongside a modest rise in revenue. The company also confirmed a quarterly dividend and underscored the 2025 fiscal year as a record‑setting period for the business.
Financial Highlights
| Metric | Q4 2025 | YoY Change | Full Year 2025 |
|---|---|---|---|
| Revenue | €1.23 bn | +2.3 % | €4.12 bn |
| Net Profit | €152 m | +18 % | €530 m |
| Earnings per Share (EPS) | €3.21 | +114 % | €1.89 |
| Adjusted Earnings | €165 m | +15 % | €560 m |
Key takeaways:
- Profitability Surge – Net profit for the quarter increased by 18 % compared with Q4 2024, reflecting stronger market prices for salmon and cost containment in production and logistics.
- EPS Doubling – Earnings per share more than doubled from €1.42 in Q4 2024 to €3.21, a 114 % YoY lift that underscores the company’s ability to translate revenue growth into shareholder value.
- Revenue Growth – While revenue rose by a modest 2.3 % in the quarter, the full‑year total of €4.12 bn represents a 3.8 % increase over 2024, indicating steady demand in both domestic and international markets.
- Adjusted Earnings – Adjusted earnings followed the same upward trend, signaling that the core operating performance remains robust after excluding non‑recurring items.
Dividend Announcement
Mowi confirmed a quarterly dividend of €0.19 per share, continuing its commitment to returning capital to shareholders while maintaining a healthy balance sheet. The dividend payout aligns with the company’s long‑term strategy of sustaining cash‑flow generation and supporting future investment in technology, sustainability, and market expansion.
Contextual Analysis
- Sector Dynamics – The aquaculture industry has benefited from rising consumer appetite for high‑protein, sustainably sourced foods. Mowi’s scale and focus on Atlantic salmon position it favorably against competitors such as Cermaq, SalMar, and Grieg Seafood.
- Competitive Positioning – The company’s advanced production facilities and supply‑chain efficiencies enable it to manage input cost volatility better than many peers. Its robust R&D pipeline for disease prevention and feed optimization further differentiates it within the sector.
- Broader Economic Trends – Inflationary pressures and supply‑chain disruptions have impacted the global food industry. Mowi’s ability to increase pricing while keeping costs relatively stable demonstrates effective operational resilience.
- Cross‑Sector Connections – The performance of Mowi echoes trends in other commodity‑driven industries where efficient production and strong branding can offset macro‑economic headwinds. Similar patterns are observable in the dairy, poultry, and plant‑based protein sectors, where companies with high operational leverage often achieve superior returns.
Conclusion
Mowi ASA’s Q4 and full‑year 2025 results reflect a combination of strategic management, efficient operations, and favorable market dynamics. The company’s record performance, coupled with a solid dividend policy, signals confidence in its long‑term business model and positions it well to navigate the evolving global food landscape.
