New Zealand salmon farmer raises 2026 earnings guidance again
New Zealand King Salmon has again upgraded its earnings guidance for the current financial year.
Pro‑forma EBITDA (earnings before interest, tax, depreciation and amortisation) is now expected to be in the range of NZ $30 million to NZ $34 million (£13.1m - £14.8m) and pro‑forma EBIT (operating profit) will be between NZ $21m and NZ $25m.
Previous guidance was for EBITDA of NZ $23m to NZ $29m, and EBIT ranging from NZ $13m to NZ $19m. The expected 2026 harvest whole gilled and gutted (G&G) volume range has been tightened to between 5,950 tonnes and 6,050 tonnes.
In April, the company, which produces king salmon (Oncorhynchus tshawytscha) in the Marlborough Sounds in the north of New Zealand’s South Island, raised expected EBIT for FY26 to between NZ $10m to NZ $18m. It had previously guided for EBIT ranging from a NZ $3m loss to a NZ $3m operating profit.
Positive fish performance
New Zealand King Salmon chief executive Carl Carrington said “The ability to provide a further upgrade to guidance for the financial year is a real positive as we continue to step into our growth projects. The upgrade has been driven by ongoing positive fish performance, focus on operational execution and the global oil supply chain challenges having less of an impact to FY26 than anticipated.”
The company said it is continuing to focus on investing in growth to support the delivery of harvest volumes previously guided for FY27 & FY28. It is expected that the supply chain cost pressures it has seen in FY26 will likely continue into FY27.
Investment in volume growth and current cost pressures will likely impact FY27 earnings, as the volume currently being invested in is not fully realised in tha year.
NZ King Salmon expects to provide guidance for FY27 in November at its FY26 results announcement.
