OTC · Financial Statements

Mowi ASA (MHGVY) Financial Statements

$21.04 OTC: MHGVY Market Cap $11.09B

Mowi ASA most recently reported annual revenue of $5.5B, net profit of $718.0M. Revenue grew at an average annual rate of 7.9% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Mowi ASA: Revenue rose from $3.5B in 2016 to $5.5B in 2025, a change of +56.0% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 28.3% to 11.7%, a shift of -16.6 percentage points; the most recent year shows net profit of $718.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$3.5B$3.6B$3.8B$4.1B$3.7B$4.2B$4.9B$5.5B$5.6B$5.5B
Operating Expenses$2.5B$3.1B$2.8B$3.5B$3.5B$3.4B$3.8B$3.6B$4.8B$4.8B
Operating Profit$991.0M$485.0M$925.0M$617.0M$204.0M$737.0M$1.1B$1.9B$833.0M$637.0M
Operating Margin28.3%13.4%24.7%15.1%5.5%17.7%22.9%34.6%14.9%11.7%
Other Income$-831.0M$-493.0M$-193.0M$-10.0M$-81.0M$-58.0M$-91.0M$-1.0B$-202.0M$196.0M
Interest$48.0M$47.0M$50.0M$70.0M$63.0M$59.0M$53.0M$113.0M$144.0M$125.0M
Depreciation$142.0M$149.0M$156.0M$292.0M$346.0M$378.0M$388.0M$400.0M$448.0M$435.0M
Profit Before Tax$759.0M$523.0M$732.0M$607.0M$121.0M$593.0M$1.0B$899.0M$632.0M$832.0M
Tax$29.0M$11.5M$22.5M$21.6M$1.2M$17.8M$21.5M$51.1M$24.8M$15.1M
Net Profit$540.0M$463.0M$567.0M$478.0M$118.0M$488.0M$782.0M$444.0M$469.0M$718.0M
EPS$1.20$0.86$1.15$0.92$0.23$0.96$1.46$0.86$0.91$1.38
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.4B$1.5B$1.3B$1.3B$1.4B$1.5B$1.4B$1.4B$1.4B$1.6B$1.5B$1.6B
Operating Expenses$1.2B$1.3B$1.1B$961.0M$1.4B$1.1B$1.3B$1.3B$1.2B$1.3B$1.3B$1.4B
Operating Profit$188.0M$190.0M$249.0M$373.0M$70.0M$418.0M$50.0M$95.0M$178.0M$314.0M$223.0M$227.0M
Operating Margin13.8%12.8%18.7%27.9%4.8%27.9%3.7%6.8%12.8%19.8%14.5%14.0%
Interest$30.0M$36.0M$35.0M$38.0M$37.0M$35.0M$33.0M$31.0M$35.0M$36.0M$37.0M$38.0M
Profit Before Tax$142.0M$220.0M$206.0M$55.0M$40.0M$330.0M$4.0M$57.0M$138.0M$634.0M$178.0M$-122.0M
Tax$20.6M$19.7M$17.4M$31.9M$-31.0M$35.1M$-348.7M$26.6M$21.0M$15.1M$15.1M$-38.5M
Net Profit$111.0M$177.0M$168.0M$36.0M$49.0M$216.0M$25.0M$46.0M$129.0M$537.0M$154.0M$-167.0M
EPS$0.22$0.34$0.32$0.07$0.09$0.42$0.05$0.09$0.21$1.02$0.29$-0.31

Over the 10 years reported for Mowi ASA, borrowings increased from $994.0M in 2016 to $3.5B in 2025, cash stood at $289.0M in the latest year, shareholders' equity was $411.0M, current assets covered current liabilities 2.93 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$4.8B$4.3B$5.1B$5.8B$5.8B$6.3B$7.5B$8.2B$8.6B$10.2B
Current Assets$2.6B$2.2B$2.6B$2.6B$2.5B$2.7B$3.5B$4.0B$4.1B$4.3B
Cash$88.0M$59.0M$94.0M$118.0M$100.0M$95.0M$171.0M$288.0M$277.0M$289.0M
Inventory$1.8B$1.5B$1.8B$1.8B$1.8B$1.9B$2.5B$2.7B$2.9B$2.9B
Receivables$498.0M$478.0M$493.0M$505.0M$454.0M$492.0M$600.0M$654.0M$775.0M$1.1B
Fixed Assets$1.0B$1.1B$1.2B$1.7B$1.9B$2.0B$2.2B$2.4B$2.5B$3.0B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$175.0M$171.0M$221.0M$240.0M$169.0M$206.0M$214.0M$218.0M$213.0M$100.0M
Other Assets$268.0M$256.0M$289.0M$318.0M$313.0M$321.0M$371.0M$368.0M$370.0M$633.0M
Total Liabilities$2.7B$2.0B$2.3B$2.9B$3.1B$3.1B$3.8B$4.5B$4.5B$5.7B
Current Liabilities$843.0M$800.0M$699.0M$776.0M$720.0M$973.0M$1.5B$1.3B$1.4B$1.5B
Borrowings$994.0M$904.0M$1.1B$1.9B$2.1B$1.9B$2.4B$2.6B$2.7B$3.5B
Other Liabilities$1.7B$1.1B$1.1B$1.1B$983.0M$1.3B$1.4B$1.9B$1.9B$2.2B
Equity$352.0M$384.0M$404.0M$405.0M$405.0M$405.0M$405.0M$405.0M$405.0M$411.0M
Reserves$2.1B$2.3B$2.9B$2.9B$2.8B$3.1B$3.5B$3.6B$3.8B$4.4B

For Mowi ASA, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $495.0M; free cash flow was positive in 10 of 10 years; financing activities used $293.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$693.0M$632.0M$621.0M$759.0M$503.0M$833.0M$645.0M$992.0M$917.0M$871.0M
Investing Cash Flow$-344.0M$-490.0M$-910.0M$-601.0M$-599.0M$-378.0M$-805.0M$-810.0M$-706.0M$-1.2B
Financing Cash Flow$-426.0M$-84.0M$-24.0M$-76.0M$-59.0M$-270.0M$-20.0M$-95.0M$-360.0M$-293.0M
Net Cash Flow$28.0M$-29.0M$35.0M$24.0M$-17.0M$-5.0M$76.0M$118.0M$-12.0M$1.0M
Free Cash Flow$482.0M$378.0M$275.0M$466.0M$187.0M$588.0M$310.0M$596.0M$542.0M$495.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.17
EV / EBITDA7.61
FCF Yield4.19%
Quick Ratio1.11
Interest Coverage6.70
Return 1Y0.95%
Return 3Y34.82%
Return 5Y-6.18%

Mowi ASA (MHGVY) financials — frequently asked questions

What is Mowi ASA's annual revenue?

Mowi ASA (MHGVY) reported annual revenue of $5.5B in its most recent fiscal year.

What is Mowi ASA's net profit?

Mowi ASA (MHGVY) reported net profit of $718.0M in its most recent fiscal year.

What is MHGVY EV/EBITDA?

Mowi ASA's enterprise value to EBITDA (EV/EBITDA) ratio is 7.61.

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