The Dutch fish farming company Kingfish Company increased revenue by 12 percent to a record level in the third quarter, driven by higher sales volumes and continued strong demand in the company’s main markets in Europe.
Revenue rose to EUR 11.3 million (10.1). On a comparable basis, excluding discontinued fresh fish sales in the US, revenue increased by 20 percent.
Sales volume increased by 14 percent to a record-high 829 tonnes (724). On a comparable basis, the volume increase was 21 percent.
Production also reached a record level of 833 tonnes, which was 78 tonnes higher than the previous record from the first quarter.
Average revenue per kilo fell to EUR 13.7 (13.9), as a result of a lower share of fish in the highest quality grade. Prices for fish in this category rose by 3.5 percent year-over-year at the same time.
The company states that improved biological performance and more efficient feeding have contributed to the increase in production. The share of fish in the highest quality grade is expected to gradually recover during the fourth quarter and the first half of next year.
Kingfish also warns of increased costs for fish feed, energy and transportation. The company is working to optimise the feed composition and improve operational efficiency to offset the cost increases.
No quantified financial guidance is provided.
Kingfish has published an operational update, not a full interim report. Therefore, no information is provided on operating profit, net profit, earnings per share or cash and cash equivalents.
Key figures, EUR millionQ3-2026Q3-2025Year-over-year changeRevenue11.310.1+12%Revenue growth on a comparable basis, %20——
