27th March 2024 NZKSThe salmon farmer’s new production model and market execution delivered NPAT of $28.5m, but it would have been better without a fish size stumble in Q4.
1st March 2024 Aquaculture / NZKSNew Zealand King Salmon has received final government approval to proceed with its Blue Endeavour aquaculture project in the Cook Strait, capping a consent and consultation process that started nine years ago.
16th January 2024 Fisheries NZ / NZKSNew Zealand King Salmon has received the green light for its proposed salmon farm development in the Cook Strait, Blue Endeavour, from Fisheries New Zealand.
16th January 2024 NZKS / PeopleNew Zealand King Salmon’s inaugural chief executive, Paul Steele, is departing the company he has been with for three decades after resigning from his board position.
21st November 2023 China / NZKSThe salmon farmer signs an exclusive distribution agreement that could deliver it sales of up to $10m as it looks to build back its fluctuating China business.
1st November 2023 Fisheries NZ / NZKSFisheries New Zealand has been requested to make an aquaculture decision on New Zealand King Salmon’s proposed salmon farm development in the Cook Strait.
19th October 2023 NZKS / PeopleNew Zealand King Salmon has appointed current sales general manager Graeme Tregidga as chief commercial officer.
10th October 2023 Food Safety / NZKSNew Zealand King Salmon is recalling specific batches of its Regal brand Epicurean hot smoked salmon due to the products being labelled with an incorrect date mark.
2nd October 2023 NZKSNew Zealand King Salmon is recalling a specific batch of its Regal brand Epicurean Bourbon BBQ Salmon due to the product being labelled with an incorrect date mark.
21st September 2023 NZKSSalmon farmer made the most of improved operations and strong demand for salmon in the first half, with a profit of $10.6m – quite the turnaround from last year’s $24.5m interim loss.
14th September 2023 Fishing / NZKSCurrent ocean management systems put commercial interests ahead of environmental ones – as illustrated by the salmon farmer’s Blue Endeavour proposal, the institute says.
15th June 2023 NZKS / PeopleNew Zealand King Salmon has appointed Mark Dewdney as its new chair.
6th June 2023 NZKSMediation agreements with DOC and the McGuinness Institute will be formalised into consent orders by the Environment Court, according to NZKS.
17th April 2023 NZKS / PeopleRyder joined the NZKS board in 2009. He will depart at the company’s AGM on 14 June.
30th March 2023 Aquaculture / NZKSIt has already spent $7m on consent costs, but the company could still be years away and a significant investment off starting its Cook Strait aquaculture project.
29th March 2023 NZKSThe company returns a slim profit and improved cashflow after revamping its fish farming operations to combat mortality.
10th February 2023 Corporate & Results / NZKSThe salmon exporter is forecasting an improved FY23 after stronger than expected harvest, good sales and tight cost control – although it will remain in the red.
5th December 2022 NZKSSustainability think tank McGuinness Institute has filed an appeal against New Zealand King Salmon’s Blue Endeavour consent.
2nd December 2022 NZKS“Should those changes be made, DOC has signalled that it does not oppose the granting of the consent of the Blue Endeavour application,” NZKS says.
14th November 2022 NZKSThe salmon farmer has received the go-ahead to develop New Zealand’s first open-water salmon farm – a decision which is crucial for the growth of the business.
1st November 2022 NZKSNew Zealand King Salmon’s chief executive of 13 years has resigned just weeks out from a crucial decision on its application to develop the country’s first open-water salmon farm.
4th August 2022 NZKS / Supply ChainA direct trans-Tasman shipping route between Tasmania and key NZ ports is being launched in an effort to underpin future expansion in the aquaculture sector.
30th June 2022 M&A / NZKSThe salmon business says it has not been approached, nor is in discussions with any parties following a report it is gauging interest.
30th May 2022 NZKS / SAFEAnimal rights organisation SAFE has labelled New Zealand King Salmon’s 42% fish mortality rate an animal welfare disaster, and called for an investigation and code of welfare for factory farmed fish.
10th May 2022 Investment / NZKSNew Zealand King Salmon has closed its $60.1m underwritten 2.85 for 1 pro rata rights offer.
28th April 2022 NZKSNew Zealand King Salmon has opened its $60.1m underwritten pro rata 2.85 for 1 rights offer – the proceeds of which will be used to deleverage its balance sheet and improve liquidity.
14th April 2022 NZKSThe salmon farmer expects many roles to go via natural attrition, as it reduces its harvest size from 8,000 to 6,500 tonnes.
13th April 2022 NZKSAlongside the capital raise, the company is making structural changes to its farming model, slashing costs and shedding jobs.
13th April 2022 NZKSThe company says it will make a “material announcement regarding its full year results and a potential cap raise”.
31st March 2022 NZKSNew Zealand King Salmon has been granted permission to delay the release of its full year results due to Omicron taking out members of its finance team and audit provider.
24th March 2022 Campaigns / NZKSŌra King Salmon’s beautifully filmed Our Story documentary.
3rd March 2022 Fish / NZKSA neat look at an excerpt from Ōra King – our Story, from Ōra King Salmon of course.
2nd February 2022 NZKSNew Zealand King Salmon shares have slumped 15% after the company warned of lower earnings.
1st February 2022 NZKSNew Zealand King Salmon says warm water temperatures are leading to “higher than expected sea farm mortality” that will hit earnings by up to $5m.
4th November 2021 NZKS / PeopleNew Zealand King Salmon has appointed Carol Chen to its board.
18th October 2021 NZKSA hearing into NZ King Salmon’s plan to develop the country’s first open-water salmon farm kicks-off today – with rivals expected to watch closely.
2nd August 2021 NZKSNew Zealand King Salmon has advised its earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to be between $8 – $10m with a stronger second half forecast.
