Netherlands' Kingfish posts higher Q4 revenue, financing talks start

Reuters01-20
Netherlands' Kingfish posts higher Q4 revenue, financing talks start

Overview

  • Netherlands aquaculture firm's Q4 revenue grew 14% yr/yr

  • Company initiated financing discussions to support operations and maintain covenant compliance

  • Performance impacted by discontinuation of US fresh fish sales

Outlook

  • Company expects to be EBITDA positive in 2026

  • Kingfish does not expect cash flow positivity from operations in 2026

  • Company initiates discussions on capital structure and financing arrangements

Result Drivers

  • COMPETITIVE MARKET - Temporary increase in wild-caught fish availability pressured pricing and volumes in Europe

  • DISCONTINUED US SALES - Performance impacted by planned discontinuation of US fresh fish sales

  • PRODUCTION STRATEGY - Co increased proportion of larger fish in biomass, aligning with medium-term strategy

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

EUR 8.50 mln

Press Release: ID:nObiBvsxha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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