Norwegian seafood giant Mowi reported a record year for sales and is confident of repeating the endeavour in the new year.
The salmon processer posted annual sales of €5.73bn ($6.80bn) in 2025 based on all-time high harvest volumes of 559,000 tonnes.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Fourth-quarter volumes of 152,000 tonnes were also judged as a seasonal high, Mowi said.
CEO Ivan Vindheim said: “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.”
Mowi said salmon prices increased in the final quarter, as expected, “rounding off a year marked by low prices resulting from extremely high supply growth of 12%”.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn consumer products, Mowi added the group’s downstream processing business also set “operational and financial records”. It posted operational EBIT of €197m and volumes of 265,000 tonnes product weight.
“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,” Vindheim said.
“It is also pleasing to see that costs in farming are down by €197m and are expected to fall even more in 2026.”
