Clean Seas Tuna has released its annual report, stating its original vision of producing southern bluefin tuna has been slower than anticipated.
"The yellowtail kingfish business was introduced to prepare the company for the production of tuna juveniles, and it has achieved an excellent market for high quality yellowtail kingfish in the seafood industry, both domestically and globally," the company said.
"Importantly, Clean Seas has positioned this product at the top end of desirable fish in sashimi restaurants and quality seafood restaurants with strong demand worldwide, particularly in Australia, Europe and Asia.
"Prices and demand have strengthened as the product is recognized for its quality and reliability."
The company said its recent progress had increased its certainty that it could build significant farming and fresh fish sales based on kingfish production for Australian and international markets.