Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
New Zealand King Salmon Investments ( (AU:NZK) ) has provided an update.
New Zealand King Salmon Investments Limited has announced a reduction in its FY26 harvest volumes to rebuild biomass after experiencing lower than expected growth due to subdued feed outs. This decision is expected to impact profitability for FY26, with a revised pro-forma EBITDA guidance of $6 million to $12 million. The company is implementing strategies to support fish health, including a new summer diet that has shown promising results in trials, to mitigate the impact of warmer water months on fish growth and performance.
More about New Zealand King Salmon Investments
New Zealand King Salmon Investments Limited operates in the aquaculture industry, focusing on the farming and production of king salmon. The company is known for its premium salmon products and caters to both domestic and international markets.
Average Trading Volume: 17,837
Technical Sentiment Signal: Sell
Current Market Cap: A$119.4M
For detailed information about NZK stock, go to TipRanks’ Stock Analysis page.