New Zealand King Salmon Co Ltd (NZX:NZK) reported a strong turnaround for the first half of fiscal 2026, with net profit after tax reaching NZD 13.8 million, compared to a net loss of NZD 20.8 million in the same period last year.
Revenue grew 6% to NZD 100 million, driven by higher sales volume. The stock rose 11.76% to NZD 0.21, reflecting investor optimism.
CEO Grant Rosewarne said: 'Our return to profitability is a testament to our team’s dedication to improving biological performance and operational efficiency.'
The company aims to expand market share in North America and China, with EPS forecast of 0.01 USD for FY2026 and FY2027.
CFO Katie Bennett noted that infrastructure for the next growth phase is now arriving, including the Ronja King wellboat and Blue Endeavor pilot.
