New Zealand King Salmon (NZKS) has raised its financial guidance for FY 2026 for the third time after continuing to see strong performance.
In a 6 August market update, the company said it has increased its earnings guidance, raising its pro-forma EBITDA to be in a range of NZD 30 million to NZD 34 million (USD 17.6 million to USD 20 million, EUR 15.3 million to EUR 17.3 million). That’s up from the previous pro-forma EBITDA guidance of NZD 23 million to NZD 29 million (USD 13.5 million to USD 17 million, EUR 11.7 million to EUR 14.8 million).
“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,” NZKS CEO Carl Carrington said in a release. “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 has repeatedly boosted its earnings expectations in FY2026 after a stronger-than-expected biological performance during its summer growing season. In April 2026, the company raised its pro-forma EBITDA guidance to a range of between NZD 19 million to NZD 27 million (USD 11.1 million to USD 15.8 million, EUR 9.6 million to EUR 17.5 million), and then after a continued strong performance raised it again to a range of NZD 23 million to NZD 29 million.
The increased pro-forma EBITDA is thanks to a higher expected harvest, with NZKS predicting the volume range will fall between 5,950 metric tons (MT) and 6,050 MT.
The company said that looking forward it’s planning to continue its focus on investing in growth and increased harvest volumes, and added that the supply chain cost pressures it has faced throughout FY 2026 will likely continue into FY 2027.
