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New Zealand King Salmon Investments Limited (ASX:NZK)

ALERT: Price-sensitive ASX Announcement for NZK
Current share price for NZK : $0.190 0.005 (2.70%)+
Announcement
Release
17 Apr 2026 7:30AM
Price at Release
$0.185
Full Release
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Summary
New Zealand King Salmon Investments Limited has upgraded its earnings guidance for the fiscal year 2026, anticipating a pro-forma EBITDA between $19 million and $27 million. This change reflects improved fish performance during the summer farming period, characterized by lower mortality levels and better fish quality. The expected harvest volume for FY26 has been adjusted upwards to 5,800MT to 6,100MT. The improved results are attributed to a new summer feed diet and enhanced operational execution. Despite the positive outlook, the company acknowledges potential risks such as air freight and oil price fluctuations due to geopolitical tensions. The half-year financial results are scheduled for release in late May.
Key Points
  • New Zealand King Salmon Investments Limited upgraded its earnings guidance for FY26.
  • Pro-forma EBITDA is expected to be between $19 million and $27 million.
  • The revised guidance is due to better-than-expected fish performance and lower mortality rates.
  • Summer farming performance contributed to an increase in fish biomass and quality.
  • The FY26 harvest volume range is expected to be 5,800MT to 6,100MT.
  • High operational efficiency and a new summer feed diet supported performance improvements.
  • Potential risks include air freight availability and costs, and global oil price impacts due to Middle East conflict.
  • The company plans to release half-year financial results in late May.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.