Netherlands' Kingfish Q3 revenue at record high

Overview

• Netherlands aquaculture producer's Q3 revenue rose 12% yr/yr to EUR11.3 mln, setting a record

• Sales volume increased 14% yr/yr to 829 metric tons

• Average revenue per kg declined due to lower proportion of superior-grade fish

Outlook

• Company expects lower average revenue per kg to persist near term, improving in Q4 2026 and H1 2027

• Company anticipates higher feed, energy and transportation costs in coming periods

• Kingfish implementing measures to offset rising costs and protect profitability

Result Drivers

• IMPROVED PRODUCTION EFFICIENCY - Co attributed record production to better feed efficiency and improved biological performance

• CORE MARKET DEMAND - Continued demand growth in core European markets supported higher sales volumes

• PRODUCT MIX IMPACT - Lower share of superior-grade fish reduced average revenue per kg despite stable underlying prices

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)