The Kingfish Company achieves record quarterly sales and production, with
continued strong operational momentum

Q3 2026 Highlights 

-	Record sales volume of 829 metric tons (Q3 2025 724 metric tons), up 14%
year-on-year (+21% like-for-like, excluding discontinued US fresh sales)
-	Record quarterly revenue of EUR11.3 million (Q3 2025 EUR10.1 million), up 12%
year-on-year (+20% like-for-like)
-	Record production volume of 833 metric tons, supported by improved feed
efficiency, with an eFCR of 1.39
-	Average revenue per kg of EUR13.7 (Q3 2025: EUR13.9) with resilient underlying
pricing offsetting the impact of an unfavourable product mix
-	Superior-grade performance improving, with grade mix normalisation expected in
H1 2027


Kats, Netherlands - November 5, 2026 - The Kingfish Company N.V. (the "Company";
"Kingfish"; OSE: KING), a pioneer and leader in sustainable land-based
production of yellowtail kingfish, has published its Q3 2026 trading update.

The Kingfish Company delivered another quarter of strong operational and
commercial progress, achieving new quarterly records in sales volume, revenue
and production. Continued growth in its core European markets, combined with
sustained improvements in farming performance, brings the Company's closer to
full utilization of its current production capacity.

Commercial performance
Sales volume reached a new quarterly record of 829 metric tons, representing an
increase of 14% compared to 724 metric tons in Q3 2025. Excluding fresh sales in
the US market, which were discontinued in 2025, like-for-like volume growth
reached 21%.

Quarterly revenue also reached a new record of EUR11.3 million, an increase of 12%
compared to EUR10.1 million in Q3 2025, or 20% on a like-for-like basis. This
performance reflects continued growth in demand for Kingfish's products in its
core markets.

Average revenue per kilogram was EUR13.7, compared to EUR13.9 in Q3 2025. Price
realization continued to be affected by a lower proportion of superior-grade
fish in harvested volumes. Underlying pricing remained strong, with prices for
superior-grade fish increasing by 3.5% year-on-year.

Farming operations
Production reached a new quarterly record of 833 metric tons, 78 metric tons
above the previous record of 755 metric tons in Q1 2026. High growth came with a
much improved eFCR of 1.39 in the quarter.

This performance continues the positive trend observed since Q1 2026, reflecting
normalized production conditions and sustained improvements in biological
performance. Standing biomass reached 952 metric tons at the end of September,
remaining within the optimal operating range and supporting stable production
conditions.

As previously communicated, the proportion of superior-grade fish harvested in
Q3 remained significantly below normal levels. However, improvements have been
observed in batches currently in grow-out, following corrective measures
implemented earlier this year. These improvements are expected to translate into
a gradual recovery in the grade mix as the affected batches are progressively
replaced by improved batches reaching harvest.

Outlook
The lower proportion of superior-grade fish is expected to continue affecting
average revenue per kilogram in the near term. However, the impact is expected
to gradually diminish as improved batches reach harvest during Q4 2026 and H1
2027.

At the same time, the Company anticipates increasing cost pressures. Continued
constraints on the availability of marine raw materials, particularly fishmeal
and fish oil, are expected to drive higher feed costs in the coming periods.
Rising energy and transportation costs are also putting pressure on the
underlying cost base. The Company is taking mitigating actions, including feed
formulation optimisation and further operational and commercial initiatives, to
offset these cost increases and protect profitability.

With increasing production volumes, improving biological performance and
sustained demand in its core markets, the Company continues to make progress in
improving productivity, profitability and cash generation.

For media and investor inquiries, please contact 
press@the-kingfish-company.com 
ir@the-kingfish-company.com

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act. 


About The Kingfish Company
The Kingfish Company is a pioneer and leader in sustainable land-based
aquaculture, specializing in the production of high-quality yellowtail kingfish.
The Company operates its flagship facility, Kingfish Zeeland, in the
Netherlands, and holds all necessary permits to expand its operations in the
United States.
Production is based on advanced recirculating aquaculture systems (RAS) that
ensure biosecurity and environmental control. Animal welfare is paramount, and
the fish are grown without the use of antibiotics or vaccines. All operations
run on 100% renewable electricity and use seawater to conserve freshwater
resources.
The Company's main product, the Yellowtail Kingfish (also known as ricciola,
hiramasa, or greater amberjack), is a versatile premium species highly valued in
Italian and Asian-fusion cuisines. Its products are certified as sustainable and
environmentally responsible by the Aquaculture Stewardship Council (ASC), Best
Aquaculture Practices (BAP), GLOBALG.A.P., and Friend of the Sea.

This press release also includes certain non-IFRS financial measures, which are
not recognized performance metrics under IFRS.

All figures in the press release are unaudited.

Forward Looking Statements
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict and are based upon
assumptions as to future events that may not prove accurate. Actual results may
differ materially from those expected or projected in the forward-looking
statements. The Company undertakes no responsibility or obligation to update or
alter forward-looking statements for any reason.
ected or projected in the forward-looking\
statements. The Company undertakes no responsibility or obligation to update or\
alter forward-looking statements for any reason.\