New Zealand King Salmon Investments has upgraded its earnings guidance for the 2026 financial year, citing improved operational performance and fewer supply chain disruptions than previously anticipated.
The company now expects pro-forma EBITDA of between NZ$30 million ($17.6 million) and NZ$34 million, up from its previous guidance of NZ$23 million to NZ$29 million.
Pro-forma EBIT is also forecast to increase to between NZ$21 million and NZ$25 million, compared with the earlier estimate of NZ$13 million to NZ$19 million.
New Zealand King Salmon narrowed its forecast harvest volume of whole gilled and gutted salmon to between 5,950 tonnes and 6,050 tonnes for FY26.
Chief Executive Officer Carl Carrington said the improved outlook reflects strong fish performance and a smaller-than-expected impact from global oil supply chain disruptions. He added that the upgraded guidance supports the company's ongoing investment in growth projects.
The company said it remains focused on increasing production to meet harvest volume targets for FY27 and FY28. However, it expects supply chain cost pressures experienced during FY26 to continue into FY27, while ongoing investment in growth initiatives may weigh on earnings before the additional production volumes are fully realised.
New Zealand King Salmon expects to issue formal FY27 guidance when it announces its FY26 results in November.
