The world’s largest producer of King Salmon has returned to profit, thanks to a “positive fish performance” over the summer.
New Zealand King Salmon recorded a $17 million (NZ$20.8 million) loss in the six-month period ending July 31, 2025. But these struggles didn’t last long, with the half-year ending March 31 bringing $11.2 million in profit. This profit, the company said, came after $81.9 million in sales.
“It has been a positive start to FY26 with strong results off the back of positive fish performance over the summer period, which also supported a strong first half of sales and greater operational efficiencies across the company,” CEO Carl Carrington said. “The improved summer fish performance can be attributed to a range of factors and initiatives, including the implementation of the new summer diet, increased grading of stock, and a focus on operational execution.”
A now-improved guidance for the remainder of the fiscal year has been released, citing ongoing “positive fish performance”, which the company said provides more certainty on the downstream impacts of the Middle East conflict.
In the update, the company said it now expects its EBITDA and harvest volume to increase, while capital expenditure remains the same.
“Looking at the remainder of FY26, we have seen in May the arrival of the Ronja King wellboat and the successful installation of our Blue Endeavour pilot pens, marking significant milestones for our company,” Carrington added.
“These are big pieces of operational infrastructure that will underpin our volume growth from FY27 onwards.”
