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New Zealand King Salmon Investments Limited (ASX:NZK)

ALERT: Price-sensitive ASX Announcement for NZK
Current share price for NZK : $0.185 -0.005 (-2.63%)+
Announcement
Release
26 May 2026 7:32AM
Price at Release
$0.190
Full Release
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Summary
New Zealand King Salmon Investments Ltd (NZK) announced its financial results for the six-month period ending 31 March 2026, marking a significant recovery with a net profit of $13.8 million, compared to a loss of $20.8 million in the previous corresponding period. The company's pro-forma EBITDA reached $17.2 million, and pro-forma EBIT was $12.3 million. Sales volumes increased, and revenue rose to $100.3 million. Improvements in fish performance and operational efficiencies were attributed to new initiatives and infrastructure, including the arrival of the Ronja King wellboat and the installation of Blue Endeavour pilot pens. Despite ongoing risks such as Middle East conflicts and airfreight challenges, NZK upgraded its financial guidance for FY26, reflecting confidence in continued growth.
Key Points
  • Net profit of $13.8 million for 1HY26.
  • Pro-forma EBITDA of $17.2 million for 1HY26.
  • Revenue increased to $100.3 million.
  • Sales volumes increased to 2,799 MT.
  • Improved fish performance due to new initiatives.
  • Arrival of Ronja King wellboat and installation of Blue Endeavour pilot pens.
  • FY26 guidance upgraded due to positive performance.
  • Ongoing risks include airfreight challenges and Middle East conflicts.
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.