The Kingfish Company (KING) Q2 2025 TU earnings summary

Financial performance

• Revenue grew 31% year-on-year to €9.6 million in Q2 2025, driven by strong demand in core European markets.

• Sales volume increased 41% year-on-year to 723 tons, reflecting record growth.

• Revenue per kg declined to €13.2 due to a higher share of frozen product sales and promotional pricing.

• US market growth has leveled off, impacted by a weaker USD and new import tariffs.

Operational highlights

• Production volume rose 40% quarter-on-quarter to 707 tons as optimal biomass and feeding levels resumed.

• Farm operations have returned to optimal biological and production conditions after earlier biomass reduction.

• Current annual production capacity at the Netherlands facility is 4,000 tons, with expansion plans in the Netherlands and US.

• Kingfish Maine is fully permitted for an 8,500-ton facility.

Sustainability and certifications

• Operations use 100% renewable electricity from wind, solar, and biogas sources.

• Facilities operate on seawater, conserving fresh water resources.

• Products are certified sustainable by ASC, BAP, GLOBAL G.A.P., and Friend of the Sea.

• Fish are raised without antibiotics or vaccines, prioritizing animal welfare.