Mowi stock reports 23 percent Q2 profit growth before Q3

Published on 10/04/2026 at 19:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mowi stock enters the November 4, 2026 results date after Q2 turnover reached EUR 1.60 billion. Goldman Sachs set a NOK 220 target on October 2.

Schwarzweiß-Dokumentarfoto von Arbeitern mit Fischernetz auf Boot vor Netzgehegen — Schwarzweiße Reportage-Aufnahme von Fischereiarbeitern zeigt Alltag rund um Mowi ASA, Aktie ISIN NO0003054108, Norwegen, Illustration mit AI erstellt.

Mowi (ISIN NO0003054108) reported operational profit of EUR 231 million for Q2 2026, up 23 percent from EUR 189 million a year earlier. The result gives Mowi stock a fresh earnings anchor ahead of the company's November 4, 2026 Q3 report.

Q2 profit rises to EUR 231 million

According to the Yahoo Finance transcript dated August 18, 2026, Mowi's Q2 operational profit reached EUR 231 million, compared with EUR 189 million in Q2 2025. The same quarter delivered record turnover of EUR 1.60 billion and record harvest volumes of 150,000 tons.

The operating picture was mixed beneath the headline result. Mowi said realized production costs were EUR 5.20 per kilo in Q2, while volumes rose 13 percent year over year and prices increased 6 percent. Mowi Consumer Products generated EUR 29 million of operational profit, down from EUR 52 million in Q2 2025, as weaker contracts continued to weigh on earnings.

Goldman Sachs sets NOK 220 target

Goldman Sachs initiated coverage with a Neutral rating and a NOK 220 price target on October 2, 2026, according to Markets Insider. The bank described the salmon industry as entering a new era of profitability, while Mowi's management highlighted higher feed costs and biological risks as factors to monitor.

A broader consensus on MarketScreener shows an Outperform mean rating from 3 analysts. The average target is EUR 20.74, with a high target of EUR 22.88 and a low target of EUR 17.92; these consensus figures use a euro-denominated quotation distinct from Mowi's Oslo listing.

Stock sits 18.1 percent below yearly high

Mowi stock was last at NOK 201.40 on Oslo Bors on October 2, 2026 at 4:25 p.m. CEST, unchanged on the session. The price stood 18.1 percent below the 52-week high of NOK 245.80 and above the 52-week low of NOK 179.40.

The market capitalization was NOK 106.2 billion on October 2, 2026, while trading volume reached 1,139,161 shares. For investors, the next concrete checkpoint is whether the Q3 report confirms the combination of stronger salmon prices, controlled costs and rising harvest volumes.