News
Q3 2022 Business Update
The Kingfish Company nearly doubled sales from €2.8 million in Q3 ’21 to €5.4 million in Q3 ’22, with large fish prices up 25% YoY, and produced 374 tons of net growth.
The Kingfish Company – Solid Progress in First Half 2022
The Kingfish Company more than doubled sales from €3.8 million in H1 ’21 to €8.4 million in H1 ’22, and its Netherlands operations were cash positive for the first time.
Q1 ’22 Business Update and Annual Report 2021
In Q1 ’22 The Kingfish Company more than doubled sales to €3.7 million from €1.5 million in Q1 ’21 and produced a record 340 tonnes net growth of Yellowtail Kingfish.
The Kingfish Company Secures a €75m Bilateral Loan Facility to Fully Fund Phase 2 Expansion and Working Capital
The Kingfish Company has entered into a Senior Facilities Agreement with P Capital Partners AB for a five-year ESG-linked debt facility. It includes an uncommitted €37.5 million facility for a future phase 3 build-out.
CEO Ohad Maiman Discusses Sustainability and Profitability at Economist’s World Ocean Summit.
Ohad Maiman’s presentation at The Economist’s 9th annual World Ocean Summit on 2nd March, 2022 addressed how aquaculture business models can be developed so that costs do not deter sustainable operations.
Business Update
The Kingfish Company doubled sales from €5.0 million in 2020 to €10.4 million in 2021, while whole fish equivalent sales reached 902 tons and the average sales price increased by 6.5%.
Kingfish Announces Key Progress Milestones on Permitted U.S. Precision-Aquafarm Site
The Kingfish Company has concluded the purchase of land in Jonesport, Maine, for a facility that will serve as its first production facility in the U.S. once completed.
Kingfish Maine Approved for Construction Advancements
With the approval of its SLODA and NRPA applications, Kingfish Maine has received the last state-level permits needed to prepare its site for construction.
The Kingfish Company confirms strategic partnership with retail giant Auchan
Yellowtail Kingfish will be sold nationwide in France through Auchan from this month, with a focus on whole fish, and a similar agreement with Italian retailer Conad was announced the same week.
The future of fish is here
The Kingfish Company is a pioneer and leader in sustainable land-based aquaculture utilizing in-house developed advanced Recirculating Aquaculture Systems (RAS) technology.
With an optimally located site on the shores of the Oosterschelde marine nature reserve in the Netherlands servicing the EU market daily, full cycle hatchery, an on site R&D facility, and an advanced grow-out system.
Annual production capacity of premium yellowtail kingfish at its Kingfish Zeeland facility in the Netherlands will reach 3,500 tons by the end of 2023. Kingfish Maine in the US is fully permitted by local, state and federal regulatory agencies to build an 8,500 tons production facility.
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