Land-based fish-farming company The Kingfish Company posted increased revenue and sales volumes in Q3 2025, even as the company continues to scale back its commercial efforts in the U.S.
Kingfish Company posted revenue of EUR 10.2 million (USD 11.8 million) in Q3 2025, up 39 percent from the EUR 7.3 million (USD 8.4 million) that it posted in Q3 2024. The increased revenue coincided with increased sales volumes, with the company selling 728 metric tons (MT) of its recirculating aquaculture system (RAS)-farmed yellowtail in the period, up 42 percent from the 514 MT it sold last year.
The company said its revenue per kilogram of fish sold has also been recovering from earlier this year, achieving EUR 14 (USD 16.23) in Q3 2025, up EUR 1.10 (USD 1.27) from the value it achieved in Q1 2025.
“Demand remained robust, particularly in the foodservice segment, while promotional activities in retail eased compared to earlier in the year,” The Kingfish Company said in a release.
Biomass at the company also returned to stable conditions, and as of Q3 2025, the company had 911 MT of standing biomass.
“Biomass growth reached 639 MT in Q3, up 12 percent year over year, supported by stable operations,” the company said. “Following the biomass optimization plan implemented in the beginning of the year, farm operations have returned to normal.”
Despite the efforts, biological performance has remained below levels the company achieved in 2023 and in 2024, when the company said it was closing in on its biological maximum at its RAS facility.
“Ongoing refinements in farm parameters and operational controls are expected to drive further improvements through the remainder of the year,” the company said.
As it refines its biological processes, the company warned that Q4 2025 could see slower growth as it continues its pullback from commercial efforts in the U.S.
Kingfish Company announced in September that it planned to scale back fresh sales in the U.S. in response to import tariffs and the exchange rate compared to the U.S. dollar. At the time, the company said the conditions in the U.S. did not support profitable operations for fresh sales – though it will continue to support frozen sales in the country.
Kingfish Company said that those scale-back plans began in Q3 2025.
“As announced in September, the company has progressively scaled back its commercial efforts in the U.S. fresh market and redirected its resources toward the European markets,” the company said. “The decision was made in light of further increased import tariffs, an unfavorable USD exchange rate, and elevated logistics costs.”
