New Zealand King Salmon Investments Limited (NZX/ASX: NZK) today announced a significant upgrade to its earnings guidance for the 2026 financial year. The company, a leading salmon farming enterprise that cultivates, processes, and markets King Salmon products globally, reported that its Board is pleased to advise improved financial projections driven by operational efficiencies.
The updated guidance now forecasts pro-forma EBITDA for FY26 to be in the range of $36 million to $39 million, with pro-forma EBIT expected between $27 million and $30 million. This represents a notable increase from the previous guidance, which projected pro-forma EBITDA of $30 million to $34 million and pro-forma EBIT of $21 million to $25 million. Despite the upgraded earnings outlook, the expected FY26 harvest whole gilled and gutted volume range remains consistent at 5,950 metric tonnes to 6,050 metric tonnes. Carl Carrington, CEO of New Zealand King Salmon, stated that it is pleasing to provide a further guidance upgrade, attributing it to ongoing focus on fish performance, which continues to positively impact earnings, with mortality levels remaining below expectations and ongoing fish performance upside.
Looking ahead, NZK continues its focus on investing in growth to support the delivery of harvest volumes previously guided for FY27 and FY28. The company also noted that supply chain cost pressures, including increasing feed prices and wellboat expenses, which began to emerge in FY26, are expected to be fully realised in FY27. New Zealand King Salmon anticipates providing specific guidance for FY27 in November, coinciding with the FY26 results announcement.
