Kingfish Holding Corporation
KSSH
Other OTC0.00
USD
-0.05
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Kingfish Holding Corporation
KSSH
(Other OTC)
Recent
price
0.00
P/E
ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Kingfish Holding Corporation is primarily engaged in the production and sale of sustainably farmed yellowtail kingfish, operating within the aquaculture and seafood industry. The company offers a range of high-quality seafood products including whole fish, J-cut fillets with collar on, EU-cut fillets without collar, split belly and loin combos, and top and bottom loins, targeting professional gastronomy and retail markets in multiple regions including Europe and the United States. Founded with a focus on land-based fish farming, Kingfish emphasizes sustainable practices and quality control throughout the supply chain. Its headquarters and key operations are based in the Netherlands, with a strategic production facility permitting an 8,500-ton per year land-based farming operation in Maine, USA. Recent major changes include a strategic shift to scale back the commercial activities of fresh yellowtail kingfish sales in the United States due to increased import tariffs, unfavorable US dollar exchange rates, and elevated logistics costs, although the frozen product portfolio in the US remains active. The company reported significant revenue growth in 2024 and 2025, with a 37% year-over-year increase in sales volume for 2024 that surpassed 2,000 tons shipped for the first time in its history and a 31% revenue rise to €17 million in the first half of 2025. It has revised its operating profit expectations to 2026, reflecting ongoing operational improvements and biomass optimization measures. Additionally, Kingfish completed a private placement fundraising round of €14 million in January 2025, supporting its growth and operational stability. Kingfish Holding Corporation operates within the high-end seafood farming segment, aiming to meet rising demand for sustainable protein sources by advancing production technology and optimizing biological performance to enhance feed conversion ratios. The company holds accreditations aligned with the United Nations Sustainable Development Goals and maintains a commitment to premium product quality with a focus on environmental sustainability. Its market strategy balances expansion in established European and US markets while managing cost pressures and regulatory challenges. The acquisition by Renovo Resource Solutions Inc. through a reverse merger transaction was finalized in 2024, marking a notable corporate restructuring event in its recent history.