Mowi ASA stock (NO0003054108): Q1 2026 record revenue amid supply surge

Mowi ASA released its Q1 2026 quarterly results on May 13, 2026, highlighting record revenue despite challenges from a surge in salmon supply. The company, a leading global producer of farmed salmon and processed seafood, saw strong performance across its Feed, Farming, and Sales & Marketing segments. Detailed slides and the full report are available on the company's investor site, showing expansion progress in key facilities.

Investing.com as of May 2026 noted the completion of the Norwegian feed factory expansion, with expected total Mowi Feed volumes reaching 650,000 tonnes in 2026, representing 11% growth year-over-year. The Q1 2026 Report PDF as of May 13, 2026 provides interim financial statements for Mowi ASA and subsidiaries.

As of: 13.05.2026

By the editorial team – specialized in equity coverage.

Mowi ASA: core business model

Mowi ASA operates as a vertically integrated seafood company, focusing on the production and sale of Atlantic salmon products worldwide. The firm engages in farming, processing, and distribution through segments including Feed, Farming, Markets, Consumer Products, and Others. Headquartered in Bergen, Norway, and founded in 1964, Mowi employs around 12,500 people across 26 countries, as per its official website as of May 2026.

This structure allows Mowi to control key parts of the value chain, from feed production to ready-to-eat meals, coated seafood, and smoked products. The company's global footprint provides exposure to diverse markets, including significant demand from the US where salmon imports support retail and foodservice sectors.

Main revenue and product drivers for Mowi ASA

Primary revenue comes from salmon farming and sales, bolstered by in-house feed production which comprised a notable portion in Q1 2026. The recent factory expansion in Norway aims to support higher volumes, targeting 650,000 tonnes in 2026 per Investing.com as of May 2026. Consumer products like value-added seafood drive margins through innovation in ready meals and finger foods.

For US investors, Mowi's products reach American shelves via imports, contributing to the US seafood market valued at billions annually. The Q1 report underscores resilience amid supply increases, with record revenue reflecting pricing power and operational efficiency.

Industry trends and competitive position

The global salmon farming industry faces supply growth pressures, yet Mowi's vertical integration positions it strongly against competitors. As a top producer, it benefits from scale in feed and farming, key to cost control. Recent Q1 2026 results demonstrate ability to offset supply surges through revenue growth, relevant for US portfolios seeking exposure to sustainable protein trends.

Conclusion

Mowi ASA's Q1 2026 results spotlight record revenue and feed expansion amid salmon supply dynamics. The company's global operations and product diversity continue to underpin performance. Investors tracking aquaculture will note these developments as indicators of operational strength in a competitive sector.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.