New Zealand King Salmon reports FY25 net loss, shifts operations

New Zealand King Salmon Investments Limited (NZKS) reported a net loss after tax of NZD($6,327) thousand for the eight months ended 30 September 2025. This contrasts with the NZD$13,359 thousand net profit reported for the 12 months ended 31 January 2025. Total revenue also decreased by 44% to NZD$117,719 thousand. The company attributes the net loss to challenging biological performance, including subdued feed outs, lower than forecast biomass at sea, and a reduced harvest volume of 3,315 G&G MT, down 50% from the prior comparable period.

In response, NZKS is focusing on strengthening its core business and future growth initiatives, such as the Blue Endeavour pilot project. Despite delays, the company plans to transfer fish to the Blue Endeavour site in April 2026, with an expected harvest in Q1 FY27. NZKS also acquired a commercial site in Blenheim for future factory capacity and continues to invest in fish health initiatives, including summer diet trials, thermotolerance breeding, and vaccine development. The company will also no longer prepare Climate-Related Disclosures, opting for a condensed GHG Statement due to reporting threshold changes.