Growth continues for land-based fish farmer

Land-based seriola grower The Kingfish Company has published its Q3 2025 trading update.

Q3 2025 Highlights:

• Sales volume: 728 tonnes, up 42% (Q3 2024: 514 tonnes)
• Revenue: €10.2 million, up 39% (Q3 2024: €7.3m)
• Revenue per kg continues to recover at €14.0 (Q3 2024: €14.3), up €1.1 compared to Q1
• Farm operations: Returned to stable conditions, with a standing biomass of 911 tonnes and quarterly biomass growth of 639 tonnes 

"The Kingfish Company delivered another quarter of sustained growth, with sales volume up 42% year-on-year to 728 tonnes, continuing the strong trend observed in Q2," the company says.

The average revenue per kilogram recovered to €14.0/kg, an improvement of €1.1/kg compared to Q1. 

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"Demand remained robust, particularly in the food service segment, while promotional activities in retail eased compared to earlier in the year," the company continues.

Shifted its focus

As announced in September, the Netherlands company has progressively scaled back its commercial efforts in the United States fresh market and redirected its resources towards the European markets. 

The decision was made in light of further increased import tariffs, an unfavourable US dollar exchange rate, and elevated logistics costs. 

"The impact on Q3 sales was limited, but could lead to a temporary slower growth inQ4," says the company.

Biomass situation

Biomass growth reached 639 tonnes in Q3, up 12% year-on-year, supported by stable operations. 

"Following the biomass optimisation plan implemented in the beginning of the year, farm operations have returned to normal with a standing biomass of 911 tonnes at quarter-end."

Biological performance remains slightly below the levels achieved in 2023 and early 2024. 

"Ongoing refinements in farm parameters and operational controls are expected to drive further improvements through the remainder of the year. With a strong Q3 performance, Kingfish is well positioned to continue its growth trajectory, progressing toward full farm utilisation," the company concludes.