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Reported Q: Q4 2024 Rev YoY: +7.2% EPS YoY: -89.1% Move: -0.44%

Mowi ASA

MOWI.OL

Kr.227.40 -0.44%

Exchange OSL Sector Consumer Defensive Industry Agricultural Farm Products

Q4 2024

Published: Dec 31, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for MOWI.OL

Reported

Report Date

Dec 31, 2024

Quarter Q4 2024

Revenue

1.50B

YoY: +7.2%

EPS

0.42

YoY: -89.1%

Market Move

-0.44%

Previous quarter: Q3 2024

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Earnings Highlights

Revenue of $1.50B up 7.2% year-over-year
EPS of $0.42 decreased by 89.1% from previous year
Gross margin of 61.6%
Net income of 215.60M
""This transaction will strengthen Mowi as a global and national powerhouse for innovation and sustainable agriculture." - Ivan Vindheim" - Ivan Vindheim

MOWI.OL

Mowi ASA

Period Q4 2024

Currency EUR

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

In the fourth quarter of 2024, Mowi ASA achieved a record operating revenue of €1.50 billion and net income of €216 million, driven by record-high harvest volumes of 134,000 tonnes, representing a robust 5.7% growth year-over-year (YoY). Mowi’s successful execution of its strategic initiatives, including the acquisition of Nova Sea, positions the company favorably for future growth, with a projected harvest of 600,000 tonnes in 2025. This report analyzes Mowi's impressive financial performance, industry standing, and future growth potential, highlighting the importance of maintaining sustainable operations amidst evolving market dynamics.

Key Performance Indicators

Revenue

Increasing

1.50B

QoQ: 4.06% | YoY: 7.23%

Gross Profit

Increasing

923.70M

61.57% margin

QoQ: 76.38% | YoY: 18.07%

Operating Income

Increasing

417.90M

QoQ: 501.29% | YoY: 73.69%

Net Income

Increasing

215.60M

QoQ: 340.90% | YoY: 22.01%

EPS

Decreasing

0.42

QoQ: 343.97% | YoY: -89.09%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue Performance: Q4 2024 revenue stood at €1.50 billion, a 4.06% quarter-over-quarter (QoQ) increase from €1.44 billion in Q3 2024 and a 7.23% YoY increase from €1399 million in Q4 2023.

Profitability: Mowi reported a net income margin of 14.3%, with net income reaching €216 million for the quarter, reflecting a significant 340.90% increase QoQ from €49 million in Q3 2024, and a 22.01% increase YoY from €177 million. Earnings per share (EPS) improved to €0.42, compared to €0.32 in Q3 2024.

Balance Sheet Health: The equity ratio was stable at 46%, with net interest-bearing debt of €1.87 billion; pro forma debt would be €2.42 billion post-acquisition of Nova Sea. Cash at the end of the quarter was €276 million, marking a solid liquidity position.

Cash Flow: Operating cash flow totaled €146 million with free cash flow at €38 million, demonstrating effective cash management. Mowi plans to expand feed capacity to support growth with an upcoming €60 million investment.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	1.50B	7.23%	4.06%
Gross Profit	923.70M	18.07%	76.38%
Operating Income	417.90M	73.69%	501.29%
Net Income	215.60M	22.01%	340.90%
EPS	0.42	-89.09%	343.97%

Key Financial Ratios

Gross Profit Margin

Excellent

61.60%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

27.90%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Good

14.40%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

2.52%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

5.62%

Return on equity is acceptable but below top-tier companies

Current Ratio

Strong

2.91

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Elevated

0.70

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Value

9.83x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

2.21x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	1,500.20	0.42	+7.2%	View
Q3 2024	1,441.70	0.09	+6.3%	View
Q2 2024	1,334.00	0.07	-1.9%	View
Q1 2024	1,327.90	0.32	-2.6%	View
Q4 2023	1,399.00	3.85	+5.5%	View

Mowi ASA (MOWI.OL) Q4 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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