New Zealand King Salmon Investments Ltd. ( (AU:NZK) ) has issued an update.
New Zealand King Salmon Investments Ltd. has announced that it is facing higher than expected sea farm mortality rates and lower growth rates, which will affect its harvest volumes and profitability for FY26. The company attributes these challenges primarily to prolonged elevated water temperatures, which increase stress and susceptibility to disease in salmon. While this will not impact the FY25 financial guidance, the company anticipates a reduced harvest and lower EBITDA for FY26, with initial estimates provided. The company is actively investing in measures to improve fish health and mitigate risks, including changes to farming practices and development of vaccines.
More about New Zealand King Salmon Investments Ltd.
New Zealand King Salmon Investments Ltd. operates in the aquaculture industry, focusing on the farming and production of king salmon. The company is known for its premium salmon products, catering to both domestic and international markets.
YTD Price Performance: 12.20%
Average Trading Volume: 15,484
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$127M
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