© The Kingfish Company
The Dutch land-based yellowtail kingfish producer said in a news release that farm operations have returned to stable conditions following a period of optimisation earlier this year.
Average revenue per kilogram reached €14.0, slightly below the €14.3 achieved in Q3 2024 but up €1.1 compared to Q1, reflecting a steady recovery in market pricing. Demand remained solid across foodservice channels, while retail sales moderated as promotional activity eased.
The Kingfish Company recently scaled back its commercial activities in the US fresh market, citing increased import tariffs, an unfavourable USD exchange rate and high logistics costs. This led the company to redirect its focus to European markets. While the impact of this shift on Q3 results was limited, The Kingfish Company noted that it may lead to temporarily slower growth in the fourth quarter.
Biomass Growth and Operations
Farm performance also improved during the quarter, with biomass growth reaching 639 tonnes – up 12 percent year-on-year – and a standing biomass of 911 tonnes at the end of September. The Kingfish Company said that after implementing a biomass optimisation plan earlier in the year, operations have returned to normal, though biological performance remains slightly below 2023 levels.
“Stable production and continued demand recovery provide a strong base for further growth,” the company said, adding that ongoing refinements in farm parameters and operational controls are expected to support performance improvements through the rest of 2025.
With Q3 marking another period of strong sales and stable operations, Kingfish said it well positioned to continue its growth trajectory, progressing toward full farm utilisation.
