Netherlands' Kingfish Q3 revenue at record high

Kingfish NV

05/11/2026 07:08

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: ID:nObi1L1fJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 11.30 mln
 

Reuters Recommended Reads
Nov 4 - Seafood producer Mowi Q3 EBIT hits record highs on strong salmon volumes
Nov 3 - SalMar Q3 operational EBIT tops estimates on record volume
Nov 3 - Vital Farms Q3 revenue misses estimates; cuts FY forecast

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)