Asia
New Zealand King Salmon Investments Lifts Fiscal 2026 Outlook on Strong Summer Performance; Shares Jump 15%
New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) upgraded its fiscal 2026 guidance, now expecting pro-forma earnings before interest, taxes, depreciation, and amortization of NZ$19 million to NZ$27 million, up from NZ$9 million to NZ$15 million, according to a Friday filing with the Australian and New Zealand bourses.The company also forecasts earnings before interest and taxes of NZ$10 million to NZ$18 million, compared with its previous outlook of between a NZ$3 million loss and a NZ$3 million profit, per the filing.The company increased its expected fiscal 2026 harvest whole gilled and gutted volume range to 5,800 to 6,100 metric tonnes, up from the prior guidance of 5,500 to 5,900 metric tonnes, the filing said.The improvement is attributed to stronger summer performance, with increased harvest volumes, enhanced fish growth from a new feed diet, and greater operational efficiency.The company has widened its guidance to reflect external risks such as higher air freight costs and supply chain pressures driven by global oil prices and the ongoing Middle East conflict, while still expecting performance to remain stable, the filing added.The company's Kiwi shares jumped 15% in recent Friday trade.
ASX:NZKNZE:NZK