New Zealand King Salmon cuts FY26 harvest volumes, lowers guidance

New Zealand King Salmon Investments (NZX:NZK) announced a reduction in its FY26 harvest volumes, leading to a revised earnings outlook. The company now expects harvest volumes of approximately 5,200 MT to 5,400 MT, down from the previously issued range of 5,900 MT to 6,300 MT. This adjustment stems from subdued feed outs and consequent slower growth rates experienced over recent months. Consequently, the pro-forma EBITDA guidance for FY26 has been lowered to between NZD 6 million and NZD 12 million, compared to the prior guidance of NZD 15 million to NZD 24 million. The company anticipates harvest volumes to begin recovering by September 2025 and is implementing specific strategies to support fish health, including a new summer diet that has shown promising results in trials.