{"id":10262,"date":"2026-01-20T11:50:25","date_gmt":"2026-01-20T10:50:25","guid":{"rendered":"https:\/\/thekingfishcompany.com\/?p=10262"},"modified":"2026-08-31T12:41:59","modified_gmt":"2026-08-31T10:41:59","slug":"trading-and-financing-update-q4-2025","status":"publish","type":"post","link":"https:\/\/thekingfishcompany.com\/fr\/investisseurs\/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>Pour les demandes des m\u00e9dias et des investisseurs, veuillez contacter <\/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>Flux de nouvelles de l'entreprise<\/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>\u00c0 propos de The Kingfish Company<\/strong><\/p>\n<p style=\"font-weight: 400;\">The Kingfish Company est un pionnier et un leader de l'aquaculture terrestre durable, sp\u00e9cialis\u00e9 dans la production de limande \u00e0 queue jaune de haute qualit\u00e9. La soci\u00e9t\u00e9 exploite son installation phare, Kingfish Zeeland, aux Pays-Bas, et d\u00e9tient tous les permis n\u00e9cessaires pour \u00e9tendre ses activit\u00e9s aux \u00c9tats-Unis.<\/p>\n<p style=\"font-weight: 400;\">La production est bas\u00e9e sur des syst\u00e8mes avanc\u00e9s d'aquaculture en recirculation (RAS) qui garantissent la bios\u00e9curit\u00e9 et le contr\u00f4le de l'environnement. Le bien-\u00eatre des animaux est primordial et les poissons sont \u00e9lev\u00e9s sans antibiotiques ni vaccins. Toutes les exploitations fonctionnent \u00e0 l'\u00e9lectricit\u00e9 renouvelable 100% et utilisent de l'eau de mer pour pr\u00e9server les ressources en eau douce.<\/p>\n<p style=\"font-weight: 400;\">Le principal produit de la soci\u00e9t\u00e9, le thazard \u00e0 queue jaune (\u00e9galement connu sous le nom de ricciola, hiramasa ou s\u00e9riole), est une esp\u00e8ce polyvalente de premi\u00e8re qualit\u00e9 tr\u00e8s appr\u00e9ci\u00e9e dans les cuisines italienne et asiatique. Ses produits sont certifi\u00e9s durables et respectueux de l'environnement par l'Aquaculture Stewardship Council (ASC), Best Aquaculture Practices (BAP), GLOBALG.A.P. et Friend of the Sea.<\/p>\n<p style=\"font-weight: 400;\">Le pr\u00e9sent communiqu\u00e9 de presse comprend \u00e9galement certaines mesures financi\u00e8res non conformes aux normes IFRS, qui ne sont pas des mesures de performance reconnues selon les normes IFRS.<\/p>\n<p style=\"font-weight: 400;\">Tous les chiffres du communiqu\u00e9 de presse ne sont pas audit\u00e9s.<\/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":[25],"tags":[],"class_list":["post-10262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investors"],"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. 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