Mowi increased production volume by 11.4% last year
Scotland output grew to 72,000 tonnes as world's biggest Atlantic salmon farmer raised harvest to 559,000 gwt
The world’s biggest Atlantic salmon farmer, Mowi, harvested 152,000 gutted weight tonnes of fish in the final quarter of 2025,which is 5,000 gwt more than the 147,000 gwt guided for Q4 in the company’s Q3 2025 report.
For the full year, Mowi harvested 559,000 gwt, up by 11.4% compared to the 502,000 gwt harvested in 2024, the company said in a trading update today.
The Q4 harvest included 12,500 gwt in Scotland, taking Mowi Scotland’s volume for 2025 to 72,000 gwt (2024: 66,000 gwt).
Mowi harvest volumes Q4 and full year 2025
| Country | Q4 volume | 2024 volume |
| Norway | 98,000 gwt | 332,000 gwt |
| Scotland | 12,500 gwt | 72,000 gwt |
| Chile | 26,500 gwt | 78,000 gwt |
| Canada | 6,500 gwt | 37,000 gwt |
| Ireland | 1,000 gwt | 11,000 gwt |
| Faroes | 3,500 gwt | 15,000 gwt |
| Iceland (Arctic Fish) | 4,000 gwt | 15,000 gwt |
| Total 152,000 gwt | 559,000 |
Mowi’s operating profit in Q4 was approximately €213 million (£185.6m), down from €226m in the same quarter in 2024.
Blended farming cost was €5.36 per kg in the quarter, down by 5.8% from Q4 2024 and slightly better than guidance. Standing biomass cost was also further down in the quarter.
Total Q4 Operational EBIT per kg through the value chain was approximately as follows:
Q4 2025 EBIT per kilo
| Norway | €2.00 |
| Scotland | €1.40 |
| Chile | €0.35 |
| Canada | €(2.30) |
| Ireland | n.a. |
| Faroes | €1.65 |
| Iceland | €0.10 |
Operating profit in Mowi’s secondary processing division, Consumer Products, was €46m. Operational EBITDA in the company’s Feed division was €20m in Q4 2025.
The full Q4 2025 report will be released on February 11.
