Investment highlights

RAS is well positioned to become the third pillar in global seafood supply

Wild catch and traditional aquaculture face limitations in seafood supply

 The Kingfish Company consistent with RAS-sector performance leaders

Deep in-house expertise enabling biological outperformance and cost leadership among land-based peers

Leader in a highly attractive market with clear ESG angle

Operating in the fundamentally strong Yellowtail Kingfish market with a first-mover position

Proven unit economics

On track to become profitable

Unique business case maximizing the strategic advantage of RAS

High value species that perform well in the RAS system, while being sold to import dependent markets

Financial calendar

Financial Year 2025

29 January 2026

Q4 2025 Trading Update

Postponed to
30 June 2026

FY 2025 Annual Report and Financial Results

26 August 2026

Annual General Meeting

Financial Year 2026

30 June 2026

Q1 2026 Trading update

30 July 2026

Q2 2026 Trading Update

01 October 2026

H1 2026 Interim Report and Financial Results

05 November 2026

Q3 2026 Trading Update

Share information

Trading information

Trading currency: NOK

Quantity notation: Number of units

Admitted shares : 110,849,291

Nominal value: 0.01

Share Price: Oslo Bors

ICB sectorial classification

Industry : 45, Consumer Staples

SuperSector: 4510, Food, Beverage and Tobacco

Sector: 451020, Food Producers

Subsector: 45102010, Farming, Fishing, Ranching and Plantations

Identification

SYMBOL: KING

ISIN CODE: NL00150001S5

LEI CODE:9845004WD3997B9F1061

EXCHANGE / MARKET: Euronext Growth

TRADING LOCATION: Oslo

ICB: 45102010 Farming, Fishing, Ranching and Plantations

IPO

IPO DATE: Wed 25/11/2020

IPO PRICE: NOK 20.56

IPO TYPE: Private placement

Largest shareholders

Top 20 Shareholders
As of 30th September 2026

Edit
Investor Name Holding Stake
UBS Switzerland AG 282,446,444 31.5%
ASR 114,959,001 12.8%
Bank Julius Bär & Co. AG 111,269,393 12.4%
Ocean 14 95,589,975 10.6%
Creadev International S.A.S 89,317,372 9.9%
Rabo Participaties B.V. 40,410,524 4.5%
Stolt-Nielsen M.S. Ltd 39,565,122 4.4%
Silver Oak Investments Holding C.V 37,135,052 4.1%
Selzer Investments Pty Ltd 32,418,461 3.6%
Claris BV 23,722,293 2.6%
Noam Kleinfeld 9,816,771 1.1%
BNP Paribas 9,499,983 1.1%
Ehud Grober 6,998,388 0.8%
Gil Hirsh 5,456,686 0.6%
Pershing LLC 4,072,138 0.5%
JAN HEGGELUND 3,855,159 0.4%
NORDNET LIVSFORSIKRING AS 3,399,408 0.4%
Saxo Bank A/S 2,723,316 0.3%
JPMorgan Chase Bank 2,692,983 0.3%
Morgan Stanley & Co. Int. Plc. 2,065,511 0.2%

 

Corporate governance

Management board

Vincent Erenst

Vincent Erenst brings a strong international, operational, and transformational track record with more than 35 years of experience leading aquaculture companies. Most recently, he worked as Chief Operating Officer at Barramundi Group. 


Prior to this role, he worked as COO of Avramar and for more than 10 years he worked as Managing Director of Mowi Canada West, where he was responsible for strong profit growth through an increase of harvest volumes, efficiency improvements and strengthening of the market position in North America.

Jean-Charles Valette

Jean-Charles Valette has held various financial leadership positions at food and production companies, both in listed and private environments. Most recently, he worked as the Vice-President Finance of Dott, a fast growing scale-up. Prior to this role, he worked as senior Vice-President Finance for CEVA Logistics, where he was directly involved in generating USD 1.2 billion through a successful IPO on the SIX Swiss stock exchange. Jean-Charles brings great added value towards building, growing and transforming companies. Furthermore, he has strong expertise in corporate finance, process optimizations and transformations.

Supervisory board

Arni Oddur Thordarson
Arni Oddur Thordarson (1969) is a highly experienced business leader with a distinguished career in both public and private sectors. He co-founded Eyrir in 2000, where he served as CEO until 2013. Mr Thordarson’s leadership extended to various companies, including serving as the Chairman of the Board of Marel from 2005 to 2013, after which he became the CEO of the company for a decade. In early 2025, the company transitioned into JBT Marel with 12,000 dedicated employees operating from over 30 countries, with a passion to transform the future of food. Mr Thordarson was a non-executive director in Fokker for a period of 8 years. Fokker is now GKN-Fokker, a leading tier-one supplier in the aerospace industry that employs 16,000 across 12 countries. He played a leadership role in the Coalition of Nordic CEOs for a Sustainable Future, serving as a member for five years and chairing the coalition in 2023. Mr Thordarson holds an MBA from IMD Business School, Lausanne Switzerland and a Cand.Oecon degree from the University of Iceland. Prior to co-founding Eyrir, Mr Thordarson was Director of Capital Markets and Corporate Finance in a state-run bank, Bunadarbanki in Iceland.
Marta Rojo Alonso

Marta Rojo Alonso is a Spanish executive with more than 25 years of international experience across Europe, Asia and Latin America, mainly in the aquaculture and seafood industries. She has held senior leadership roles in several leading aquaculture companies, including Mowi, Skretting and Salmones Camanchaca, where she served as CFO in Chile. She was also CFO and later CEO of Sterner Group, a Norwegian water treatment and aquaculture recirculation technology company. Ms Rojo Alonso currently serves as a non-executive board member of Atlantic Sapphire ASA and as a board member of LAXEY. She brings extensive expertise in finance, operations, international business development, aquaculture technology, and land-based farming. She holds a Master’s degree in Economics and Management from the Autonoma University of Madrid and an Executive MBA from Nyenrode Business University in the Netherlands.

Xavier Govare

Mr. Govare is an accomplished senior executive with over three decades of experience in the food industry, including 15 years as Chairman and Chief Executive Officer of Labeyrie Fine Foods. Throughout his tenure, he successfully transformed the company into a leading international food group, increasing revenue from €30 million to €1.1 billion and completing 12 strategic acquisitions. He is recognized for his expertise in strategic vision, marketing, brand development, and financial and operational management. Mr. Govare has extensive experience in managing industrial operations across Europe and navigating complex shareholder structures, including listed companies, LBOs, and private ownership. He currently serves as a board director for several organizations in the agri-food and packaging sectors.

Hans den Bieman

Mr. Den Bieman (1959) served as the company’s former (interim) CEO and Chairman of the Board. He is currently a shareholder and director of Sealand – the largest smolt producer in Chile. Amongst various top management positions in the field, Mr. Den Bieman served as COO of Nutreco Aquaculture (2000–2005) and as CEO of the Netherlands-based Marine Harvest, the world’s largest fish-farming company, listed on Oslo Børs (now Mowi ASA) (2005–2007). He holds a Master’s degree in Aquaculture (Msc,) from Wageningen University. Via his personal holding company, Mr. Den Bieman held 2 171 331 shares in the capital of the company on 31 December 2024.

Noam Kleinfeld

Mr. Kleinfeld (1977) acted as Managing Director at HSBC Investment Bank, with over 16 years of experience in cross-border M&A, Corporate Finance, Equity/Debt Capital Markets, Leverage Acquisition Finance, Project Finance and Corporate/Debt Restructuring. Further, Mr. Kleinfeld is a co-founder of several businesses, including The Griffin Fund, a leading real estate player in Atlanta’s multifamily segment. Mr. Kleinfeld is an active venture capital investor in early-stage companies with a large TAM, unique technological edge, and strong execution capabilities. Mr. Kleinfeld holds a BA in Business Administration with a Major in Finance from Reichman University. Mr. Kleinfeld held 3 247 883 shares in the capital of the company on 31 December 2024.

Updates

The team behind
The Kingfish Company

Vincent Erenst

Vincent Erenst

CEO

Jean-Charles Valette

Jean-Charles Valette

CFO

Bram Rohaan

Bram Rohaan

Head of Production

The Kingfish Company

Bob van Son

Bob van Son

Business Development Manager

The Kingfish Company

Lauren Enz

Lauren Enz

VP of Sales

The Kingfish Company

Gudo klein Gebbink

Gudo klein Gebbink

Head of Sales

The Kingfish Company

Sander Ruizeveld de Winter

Sander Ruizeveld de Winter

Head of Hatchery

The Kingfish Company

Christiaan de Wet

Christiaan de Wet

Head of Design & Engineering

The Kingfish Company

Hope Kitterman

Hope Kitterman

Head of Marketing

The Kingfish Company

Martina Sponga

Martina Sponga

Business Development Manager

The Kingfish Company

Els van Haelst

Els van Haelst

Head of People and Culture

The Kingfish Company

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