The company operates a land-based yellowtail kingfish-farming firm in Kats,
the Netherlands, and is advancing work on another farm in the U.S. state of
Maine.
“We are very happy with the growth of the biomass production in the
quarter,” The Kingfish Company CEO Vincent Erenst said. “This is the result of
an excellent biological performance of the fish in our new Phase 2 and our old
Phase 1 [production systems].”
The firm achieved an
H1 harvest of 932 MT, and sold 375 MT of fish in Q3, taking its total volume
for the first nine months of 2023 to 1,114 MT – 24 MT more than a year
previously.
Thanks to “a more favorable size mix,” and a shift toward larger-sized
fish, its revenue for Q3 2023 increased 8.5 percent year over year to EUR 5.7
million (USD 6.1 million), while its revenue earned per kilogram increased 11
percent, or EUR 1.50 (USD 1.60), to EUR 15.30 (USD 16.29).
“Some markets like Italy prefer small fish, while others like larger-sized
fish,” Erenst said.