{"id":10262,"date":"2026-01-20T11:50:25","date_gmt":"2026-01-20T10:50:25","guid":{"rendered":"https:\/\/thekingfishcompany.com\/?p=10262"},"modified":"2026-01-20T11:51:40","modified_gmt":"2026-01-20T10:51:40","slug":"trading-and-financing-update-q4-2025","status":"publish","type":"post","link":"https:\/\/thekingfishcompany.com\/es\/noticias\/trading-and-financing-update-q4-2025\/","title":{"rendered":"Trading and Financing Update Q4 2025"},"content":{"rendered":"<p style=\"font-weight: 400;\"><strong>Q4 revenue growth moderates; financing discussions initiated<\/strong><strong>\u00a0<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>Q4 2025 Highlights<\/strong><\/p>\n<ul style=\"font-weight: 400;\">\n<li><strong>Revenue of \u20ac8.5 million, an increase of 14% YoY (+21% like-for-like)<\/strong><\/li>\n<li><strong>Volume sold of 621 metric tonnes, up 12% YoY<\/strong><\/li>\n<li><strong>Revenue per kg increased by \u20ac0.3 YoY<\/strong><\/li>\n<li><strong>Biomass at quarter end of 1,054 metric tonnes<\/strong><\/li>\n<li><strong>Production of 725 metric tonnes in the quarter<\/strong><\/li>\n<\/ul>\n<p style=\"font-weight: 400;\"><strong>Kats, Netherlands \u2013 January 20 , 2026 &#8211;<\/strong> The Kingfish Company N.V. (the \u201cCompany\u201d; \u201cKingfish\u201d; OSE: KING), a pioneer and leader in sustainable land-based production of yellowtail kingfish, publishes its Q4 2025 trading update and an update on financing<\/p>\n<p style=\"font-weight: 400;\"><strong>Commercial performance<\/strong><\/p>\n<p style=\"font-weight: 400;\">The Company continued to grow in Q4 2025, albeit at a slower pace than earlier in the year. Performance was impacted by the planned discontinuation of commercial activities for fresh fish in the United States at the end of Q3 2025 (see trading update on November 6, 2025 for background). On a like-for-like basis, excluding US fresh sales, revenue grew by 21% year-on-year during the quarter.<\/p>\n<p style=\"font-weight: 400;\">Market conditions were competitive during the quarter, with a temporary increase in the availability of wild-caught fish exerting pressure on pricing and volumes across several European markets. Towards the end of the quarter, market conditions began to normalise, with demand remaining resilient during the holiday season.<\/p>\n<p style=\"font-weight: 400;\"><strong>Production update<\/strong><\/p>\n<p style=\"font-weight: 400;\">Production normalised during the quarter, supported by stable biological performance. The Company continued to increase the proportion of larger fish in its biomass, in line with its medium-term production strategy.<\/p>\n<p style=\"font-weight: 400;\"><strong>Outlook and financing<\/strong><\/p>\n<p style=\"font-weight: 400;\">Overall, Q4 2025 was softer than anticipated. The Company expects not to comply with the EBITDA financial covenant as at year-end 2025. In addition, based on current trading and ramp-up assumptions, the Company expects to be EBITDA positive in 2026, but no longer expects to be cash flow positive from operations during that year.<\/p>\n<p style=\"font-weight: 400;\">Kingfish has initiated discussions with its key stakeholders regarding its capital structure and financing arrangements, which could include issuance of new equity. These discussions are ongoing and are intended to ensure that the Company remains adequately funded to support its ramp-up towards full farm capacity utilisation and to maintain compliance with its financial covenants.<\/p>\n<p style=\"font-weight: 400;\"><strong>Para consultas de medios de comunicaci\u00f3n e inversores, p\u00f3ngase en contacto con <\/strong><\/p>\n<p style=\"font-weight: 400;\"><a href=\"mailto:press@thekingfishcompany.com\">press@thekingfishcompany.com<\/a><\/p>\n<p style=\"font-weight: 400;\"><a href=\"mailto:ir@thekingfishcompany.com\">ir@thekingfishcompany.com<\/a><\/p>\n<p style=\"font-weight: 400;\"><strong>Noticias de la empresa<\/strong><\/p>\n<p style=\"font-weight: 400;\"><a href=\"https:\/\/thekingfishcompany.com\/news\/\">https:\/\/www.the-kingfish-company.com\/news<\/a><\/p>\n<p style=\"font-weight: 400;\"><strong>Acerca de The Kingfish Company<\/strong><\/p>\n<p style=\"font-weight: 400;\">The Kingfish Company es una empresa pionera y l\u00edder en acuicultura sostenible en tierra, especializada en la producci\u00f3n de pez rey de cola amarilla de alta calidad. La empresa explota su planta insignia, Kingfish Zeeland, en los Pa\u00edses Bajos, y cuenta con todos los permisos necesarios para ampliar sus operaciones en Estados Unidos.<\/p>\n<p style=\"font-weight: 400;\">La producci\u00f3n se basa en avanzados sistemas de acuicultura por recirculaci\u00f3n (RAS) que garantizan la bioseguridad y el control medioambiental. El bienestar de los animales es primordial, y los peces se cr\u00edan sin antibi\u00f3ticos ni vacunas. Todas las operaciones funcionan con electricidad renovable 100% y utilizan agua de mar para conservar los recursos de agua dulce.<\/p>\n<p style=\"font-weight: 400;\">El principal producto de la empresa, el pez rey de cola amarilla (tambi\u00e9n conocido como ricciola, hiramasa o serviola mayor), es una especie vers\u00e1til de primera calidad muy apreciada en las cocinas italiana y de fusi\u00f3n asi\u00e1tica. Sus productos est\u00e1n certificados como sostenibles y responsables con el medio ambiente por el Aquaculture Stewardship Council (ASC), Best Aquaculture Practices (BAP), GLOBALG.A.P. y Friend of the Sea.<\/p>\n<p style=\"font-weight: 400;\">Este comunicado de prensa tambi\u00e9n incluye algunas medidas financieras no incluidas en las NIIF, que no son m\u00e9tricas de rendimiento reconocidas por las NIIF.<\/p>\n<p style=\"font-weight: 400;\">Todas las cifras del comunicado de prensa no est\u00e1n auditadas.<\/p>\n<p style=\"font-weight: 400;\">Forward Looking Statements<\/p>\n<p style=\"font-weight: 400;\">All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. Actual results may differ materially from those expected or projected in the forward-looking statements. The Company undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Company continued to grow in Q4 2025, albeit at a slower pace than earlier in the year. Performance was impacted by the planned discontinuation of commercial activities for fresh fish in the United States at the end of Q3 2025&#8230;<\/p>","protected":false},"author":1,"featured_media":10026,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-10262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trading and Financing Update Q4 2025 - The Kingfish Company<\/title>\n<meta name=\"description\" content=\"The Company continued to grow in Q4 2025, albeit at a slower pace than earlier in the year. Performance was impacted by the planned discontinuation of commercial activities for fresh fish in the United States at the end of Q3 2025...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thekingfishcompany.com\/es\/noticias\/trading-and-financing-update-q4-2025\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trading and Financing Update Q4 2025 - The Kingfish Company\" \/>\n<meta property=\"og:description\" content=\"The Company continued to grow in Q4 2025, albeit at a slower pace than earlier in the year. Performance was impacted by the planned discontinuation of commercial activities for fresh fish in the United States at the end of Q3 2025...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thekingfishcompany.com\/es\/noticias\/trading-and-financing-update-q4-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"The Kingfish Company\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-20T10:50:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-20T10:51:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thekingfishcompany.com\/wp-content\/uploads\/2025\/08\/Background-google-forms.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"495\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"SSAdmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"SSAdmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/\",\"url\":\"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/\",\"name\":\"Trading and Financing Update Q4 2025 - The Kingfish Company\",\"isPartOf\":{\"@id\":\"https:\/\/thekingfishcompany.com\/de\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/thekingfishcompany.com\/wp-content\/uploads\/2025\/08\/Background-google-forms.jpg\",\"datePublished\":\"2026-01-20T10:50:25+00:00\",\"dateModified\":\"2026-01-20T10:51:40+00:00\",\"author\":{\"@id\":\"https:\/\/thekingfishcompany.com\/de\/#\/schema\/person\/4324a7fc6bce0c25bf028f04710d8ffd\"},\"description\":\"The Company continued to grow in Q4 2025, albeit at a slower pace than earlier in the year. Performance was impacted by the planned discontinuation of commercial activities for fresh fish in the United States at the end of Q3 2025...\",\"breadcrumb\":{\"@id\":\"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/#primaryimage\",\"url\":\"https:\/\/thekingfishcompany.com\/wp-content\/uploads\/2025\/08\/Background-google-forms.jpg\",\"contentUrl\":\"https:\/\/thekingfishcompany.com\/wp-content\/uploads\/2025\/08\/Background-google-forms.jpg\",\"width\":1024,\"height\":495,\"caption\":\"The Kingfish Company\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thekingfishcompany.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trading and Financing Update Q4 2025\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thekingfishcompany.com\/de\/#website\",\"url\":\"https:\/\/thekingfishcompany.com\/de\/\",\"name\":\"The Kingfish Company\",\"description\":\"Where we flavor the future of fish, today.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thekingfishcompany.com\/de\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/thekingfishcompany.com\/de\/#\/schema\/person\/4324a7fc6bce0c25bf028f04710d8ffd\",\"name\":\"SSAdmin\",\"sameAs\":[\"https:\/\/thekingfishcompany.com\"],\"url\":\"https:\/\/thekingfishcompany.com\/es\/author\/ssadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trading and Financing Update Q4 2025 - The Kingfish Company","description":"The Company continued to grow in Q4 2025, albeit at a slower pace than earlier in the year. Performance was impacted by the planned discontinuation of commercial activities for fresh fish in the United States at the end of Q3 2025...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thekingfishcompany.com\/es\/noticias\/trading-and-financing-update-q4-2025\/","og_locale":"es_ES","og_type":"article","og_title":"Trading and Financing Update Q4 2025 - The Kingfish Company","og_description":"The Company continued to grow in Q4 2025, albeit at a slower pace than earlier in the year. Performance was impacted by the planned discontinuation of commercial activities for fresh fish in the United States at the end of Q3 2025...","og_url":"https:\/\/thekingfishcompany.com\/es\/noticias\/trading-and-financing-update-q4-2025\/","og_site_name":"The Kingfish Company","article_published_time":"2026-01-20T10:50:25+00:00","article_modified_time":"2026-01-20T10:51:40+00:00","og_image":[{"width":1024,"height":495,"url":"https:\/\/thekingfishcompany.com\/wp-content\/uploads\/2025\/08\/Background-google-forms.jpg","type":"image\/jpeg"}],"author":"SSAdmin","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"SSAdmin","Tiempo de lectura":"3 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/","url":"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/","name":"Trading and Financing Update Q4 2025 - The Kingfish Company","isPartOf":{"@id":"https:\/\/thekingfishcompany.com\/de\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/#primaryimage"},"image":{"@id":"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/thekingfishcompany.com\/wp-content\/uploads\/2025\/08\/Background-google-forms.jpg","datePublished":"2026-01-20T10:50:25+00:00","dateModified":"2026-01-20T10:51:40+00:00","author":{"@id":"https:\/\/thekingfishcompany.com\/de\/#\/schema\/person\/4324a7fc6bce0c25bf028f04710d8ffd"},"description":"The Company continued to grow in Q4 2025, albeit at a slower pace than earlier in the year. Performance was impacted by the planned discontinuation of commercial activities for fresh fish in the United States at the end of Q3 2025...","breadcrumb":{"@id":"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/#primaryimage","url":"https:\/\/thekingfishcompany.com\/wp-content\/uploads\/2025\/08\/Background-google-forms.jpg","contentUrl":"https:\/\/thekingfishcompany.com\/wp-content\/uploads\/2025\/08\/Background-google-forms.jpg","width":1024,"height":495,"caption":"The Kingfish Company"},{"@type":"BreadcrumbList","@id":"https:\/\/thekingfishcompany.com\/news\/trading-and-financing-update-q4-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thekingfishcompany.com\/"},{"@type":"ListItem","position":2,"name":"Trading and Financing Update Q4 2025"}]},{"@type":"WebSite","@id":"https:\/\/thekingfishcompany.com\/de\/#website","url":"https:\/\/thekingfishcompany.com\/de\/","name":"The Kingfish Company","description":"Donde aromatizamos el futuro del pescado, hoy.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thekingfishcompany.com\/de\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Person","@id":"https:\/\/thekingfishcompany.com\/de\/#\/schema\/person\/4324a7fc6bce0c25bf028f04710d8ffd","name":"SSAdmin","sameAs":["https:\/\/thekingfishcompany.com"],"url":"https:\/\/thekingfishcompany.com\/es\/author\/ssadmin\/"}]}},"_links":{"self":[{"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/posts\/10262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/comments?post=10262"}],"version-history":[{"count":4,"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/posts\/10262\/revisions"}],"predecessor-version":[{"id":10266,"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/posts\/10262\/revisions\/10266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/media\/10026"}],"wp:attachment":[{"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/media?parent=10262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/categories?post=10262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thekingfishcompany.com\/es\/wp-json\/wp\/v2\/tags?post=10262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}