New Zealand King Salmon earnings dip amid harvest adjustments

New Zealand King Salmon Investments (NZK) reported increased revenues of NZD 210.9 million in FY25, a 13% increase from NZD 187.1 million the previous year. Pro-forma EBITDA also increased, reaching NZD 29.7 million, the company's best since listing, up from NZD 24.5 million. However, net profit after tax declined significantly by 53% to NZD 13.4 million from NZD 28.5 million due to lower than anticipated growth rates impacting the fair value of biomass.