NZ King Salmon reports loss in shortened FY25 amidst growth investments

New Zealand King Salmon Investments Ltd reported a net loss of $6.3 million for the 8 months ended 30 September 2025 (FY25 Sept), a contrast to the $13.4 million profit recorded for the year ended 31 January 2025. Pro-forma EBITDA for the same eight-month period stood at $7.1 million, down from $29.7 million for the previous full year. Sales volumes decreased to 3,260 MT from 6,582 MT, with revenue falling to $117.7 million from $210.9 million over comparable periods.

For FY26, the company projects a pro-forma EBIT ranging from a $3 million loss to a $3 million profit, and pro-forma EBITDA between $9 million and $15 million. Harvest G&G volume is anticipated to be in the range of 5.5 MT to 5.9 MT, with Capex expected to be between $28 million and $36 million. The company noted significant strides in strategically investing in future growth despite challenges with fish performance over the 24/25 summer.

Initiatives to strengthen core business and improve fish health are underway, with some already yielding results. Although the mooring grid installation is behind schedule, the company expects completion in early 2026. Significant growth has been achieved in infrastructure projects, including the Westshore Warehouse feed storage project and the acquisition of the Cloudy Bay site.