Financials and Economy

Feed revenue rose significantly to SAR 6.29 million (US$1.68 million), a 13% year-on-year increase.

Unusual biological conditions in Norway, including shifts in feeding patterns and salmon biomass development, negatively affected salmon feed demand.

Analysts projected the company’s fiscal 2026 revenues to reach about US$1.46 billion, a 4.4% year-on-year increase,

The company’s feed division, Mowi Feed, also reported record earnings and its second-highest sales volumes.

For the third quarter ending Sept. 30, Nestlé’s Pet Care segment reported net sales of US$5.47 billion, down from US$5.73 billion during the same period last year.

The company said this uptick was aided by effective raw material procurement during a period of volatile commodity prices, which stabilized input costs.

For more than a decade, OBP has struggled with outdated infrastructure, mismanagement, and leadership instability.

In other news, Mowi Canada East reported a large mortality event at three of its sites, resulting in the loss of approximately 400,000 fish.

Novonesis prides itself in having 40 research and development centers and 30 production sites all over the world.