Kingfish works to deliver an Organic fed, antibiotics free, healthy premium delicacy: the Dutch Yellowtail (Seriola Lalandi / Pacific Yellowtail / Hir
(NETHERLANDS, 9/11/2023)
Phase 2 Construction on Track and Fully Financed
Highlights H1 2023
Total volume sold: 740 tons (H1 2022: 702 tons)
Revenue per kg increased 26% to € 15.1 (H1 2022: € 12.0 per kg)
Gross margin per kg up 43% to € 2.1 (H1 2022: € 1.5 per kg)
Operational EBITDA per kg sold was € -3.0 per kg (H1 2022: € -3.1 per kg)
Path to profitability – on track to reach positive operational EBITDA in the second half of 2024, and positive free cash flow in the second half of 2025
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