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Harvest volumes in Q1 2026 totaled 136 thousand tonnes (gutted weight equivalents, GWT), a record-high for a first quarter and up from 108 thousand tonnes in Q1 2025. This represents growth of 26%. In connection with the presentation of the Q4 2025 results, Mowi had guided a total harvest volume of 128k GWT for Q1 2026.
Operational EBIT for the group was approximately EUR 221 million in Q1 2026 (NOK 2.52 billion, EURNOK 11.39). Blended farming cost was EUR/kg 5.46 in the quarter, down from EUR/kg 5.89 in Q1 2025, equivalent to a cost reduction of EUR/kg 0.43.
Algae bloom in Southern Norway negatively impacted cost by approximately EUR 10 million, or EUR/kg 0.13 for the Norwegian volumes.
Operational EBIT in Consumer Products was EUR 20 million. Operational EBITDA in Feed was EUR 6 million in Q1 2026.
Reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 2,740 million at the end of the quarter, excluding IFRS 16 effects.
The complete Q1 2026 report will be released on 13 May at 06:30 CET. The company notes that detailed descriptions and reconciliations of non-IFRS measures such as Operational EBIT and NIBD are available in the Annual Report.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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