The Kingfish Company (KING) Q3 2025 TU earnings summary

Financial performance

• Revenue increased by 39% year-on-year to €10.2 million in Q3 2025, with sales volume up 42% to 728 tons.

• Average revenue per kilogram recovered to €14.0, up €1.1 from Q1.

• Demand remained strong in the food service segment, while retail promotions eased.

Operational highlights

• Farm operations returned to stable conditions, with a standing biomass of 911 tons and quarterly biomass growth of 639 tons, up 12% year-on-year.

• Ongoing refinements in farm parameters and operational controls are expected to further improve biological performance.

Strategic developments

• Commercial focus shifted from the U.S. fresh market to Europe due to higher import tariffs, unfavorable USD exchange rates, and increased logistics costs.

• The impact on Q3 sales was limited, but slower growth may occur in Q4.