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Kingfish Zeeland BV ( (DE:93G) ) has provided an announcement.
In Q1 2025, The Kingfish Company reported a 41% increase in volume sold and a 27% rise in total revenue, despite a 10% decrease in revenue per kilogram due to pricing strategies aimed at reducing biomass. The company successfully reduced its standing biomass to enhance operational efficiency and is focused on achieving full capacity utilization and profitability. Kingfish Maine, the US-based project, has resolved legal uncertainties and is exploring strategic partnerships to accelerate its expansion, while monitoring the impact of new US tariffs.
More about Kingfish Zeeland BV
The Kingfish Company is a leader in sustainable land-based aquaculture, specializing in the production of yellowtail kingfish. It operates a facility in the Netherlands with an annual production capacity of 4,000 tons and plans to expand in the Netherlands and the US. The company uses advanced recirculating aquaculture systems and renewable energy sources, ensuring high standards of animal welfare and environmental sustainability.
Average Trading Volume: 12,685
Current Market Cap: NOK977.5M
For a thorough assessment of 93G stock, go to TipRanks’ Stock Analysis page.