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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 0.01 (5.56%)+
Announcement
Release
6 Aug 2026 7:30AM
Price at Release
$0.180
Full Release
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Summary
The Board of New Zealand King Salmon Investments Limited announced an upgrade to the earnings guidance for fiscal year 2026, projecting a pro-forma EBITDA between $30 million to $34 million and a pro-forma EBIT of $21 million to $25 million. The expected harvest volumes have been adjusted to a range of 5,950MT to 6,050MT. This adjustment is attributed to better-than-expected fish performance and efficient operational execution, alongside a less severe impact from global oil supply chain disruptions. Looking ahead, the company intends to invest in growth to bolster future harvests for the fiscal years 2027 and 2028, though ongoing supply chain cost pressures are predicted to affect FY27 earnings. Further guidance on FY27 is anticipated to be provided in November during the FY26 results announcement.
Key Points
  • Upgrade to earnings guidance for FY26 by New Zealand King Salmon Investments Limited.
  • Pro-forma EBITDA now expected to be $30 million to $34 million.
  • Pro-forma EBIT expected between $21 million and $25 million.
  • Expected FY26 harvest volumes tightened to 5,950MT to 6,050MT.
  • Positive fish performance and operational execution contributed to guidance upgrade.
  • Impact of global oil supply chain challenges less than anticipated for FY26.
  • Focus on investing in growth to support future harvest volumes for FY27 and FY28.
  • Supply chain cost pressures expected to continue into FY27.
  • FY27 earnings likely impacted due to growth investments.
  • Guidance for FY27 expected in November at FY26 results announcement.
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.