New Zealand King Salmon Investments Limited (ASX:NZK) Reduces FY26 Harvest Volumes
Operational Adjustment
New Zealand King Salmon Investments Limited (NZK) has decided to reduce harvest volumes by approximately four months for FY26 to rebuild biomass, following lower than anticipated growth due to subdued feed outs.
Financial Performance
As a result, NZK has revised its FY26 harvest forecast down to 5,200 MT – 5,400 MT from the previous range of 5,900 MT – 6,300 MT. The company also updated its FY26 pro-forma EBITDA guidance downward to $6 million – $12 million from $15 million – $24 million.
Future Outlook
NZK expects harvest volumes to begin recovering by September 2025.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
