Positive Operational EBITDA and strengthened balance sheet confirm significant
progress in H1 2026

Highlights H1 2026 

o	Sales volume of 1,470 tons, up 13% compared with H1 2025
o	Revenue increased by 16% to EUR19.8 million, compared with EUR17.0 million in H1
2025
o	Average revenue per kg increased to EUR13.5, from EUR13.1 in H1 2025
o	Gross margin increased to approximately EUR5.0 million, or EUR3.4/kg, compared
with EUR2.2 million, or EUR1.7/kg, in H1 2025
o	Operational EBITDA turned positive at EUR0.3 million, compared with negative
EUR2.5 million in H1 2025
o	Strategic financial restructuring completed, significantly strengthening the
balance sheet, reducing leverage and improving liquidity


Kats, Netherlands - 1 October, 2026 -The Kingfish Company N.V. (the "Company";
"Kingfish"; OSE: KING), pioneer and leader in sustainable land-based production
of Yellowtail Kingfish, today publishes its unaudited Interim Condensed
Consolidated Financial Statements for the six months ended 30 June 2026.

The interim financial statements confirm the significant operational and
financial progress reported in the Company's preliminary H1 2026 results
published on 14 August 2026. The key operating figures remain substantially
unchanged, with Operational EBITDA reported at EUR0.3 million, compared with the
preliminary figure of EUR0.2 million.

Continued improvement in underlying operating performance
The Company continued to increase utilization of its installed production
capacity during the first half of 2026. Higher sales volumes and increased
revenue per kg supported revenue growth. Farming costs per kg were significantly
reduced, driven by higher production, improving biological performance and
stable input prices. As a result, gross margin more than doubled compared with
H1 2025 and Operational EBITDA was positive for the first half of the year.

The temporary reduction in the proportion of superior grade large fish began to
affect the product mix during the first half is expected to continue to affect
the product mix and average realized sales price during the second half of 2026,
but is projected to improve towards year end. Mitigation measures have been
implemented and the Company continues to closely monitor biological and quality
performance.

Vincent Erenst, CEO of The Kingfish Company, commented:
"Achieving positive Operational EBITDA in the first half of 2026 represents an
important milestone for The Kingfish Company and reflects improvements across
both operational and commercial performance. With our financial restructuring
now completed, our focus is firmly on operational execution, increasing
utilization of our existing capacity and progressing toward sustainable
profitability and cash generation."

Balance sheet substantially strengthened
The strategic financing and capital restructuring completed in June 2026,
followed by the successful Subsequent Offering in September, significantly
strengthened the Company's financial position. The transaction comprised  EUR21
million raised through a private placement, the conversion into equity of
approximately EUR49 million of amounts outstanding under the convertible loan
agreement, and the amendment and extension of the Company's senior debt
facilities to April 2029.

As a result, total equity increased from EUR14.5 million at 31 December 2025 to
EUR67.3 million at 30 June 2026, while interest-bearing borrowings decreased from
EUR119.6 million to EUR77.2 million. Cash and cash equivalents amounted to EUR18.8
million as of 30 June 2026.

The Subsequent Offering, completed in September 2026, raised a approximately
EUR2.4 million and concluded the financial restructuring. The proceeds from the
Subsequent Offering were received after the reporting period and are therefore
not reflected in the balance sheet as of 30 June 2026.

Outlook
Following the operational and financial progress achieved during H1 2026 and the
completion of the strategic financing, the Company remains focused on further
improving operating performance, profitability and cash generation.
The Company's principal operational and commercial priorities for the remainder
of 2026 and into 2027 are:
o	increasing production volumes through continued improvement in fish growth and
utilization of installed production capacity;
o	restoring the proportion of superior grade large fish to normalized levels;
o	growing sales in line with increasing production;
o	continuing to prioritize large fish for the foodservice segment; and
o	further developing feed formulations, including initiatives aimed at reducing
the use of marine ingredients.

The Company also expects feed costs to increase in the coming periods,
reflecting constraints on the availability and pricing of certain feed
ingredients, including fish meal and fish oil. The Company continues to work
closely with its suppliers on alternative formulations and other measures
intended to mitigate the potential financial and biological impact of higher
input costs.

The full Interim Condensed Consolidated Financial Statements (unaudited) for the
six months ended 30 June 2026 are attached to this announcement and available on
the Company's website.



For media and investor inquiries, please contact
press@thekingfishcompany.com  
ir@thekingfishcompany.com 
 
Company News feed  
https://www.the-kingfish-company.com/news

About The Kingfish Company
The Kingfish Company is a pioneer and leader in sustainable land-based
aquaculture, specialising in the production of high-quality yellowtail kingfish.
The Company operates its flagship facility, Kingfish Zeeland, in the
Netherlands.
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 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 Best Aquaculture Practices (BAP), GLOBALG.A.P.,
and Friend of the Sea.


This press release includes certain non-IFRS financial measures that are not
defined or recognized under IFRS. Operational EBITDA is a non-IFRS financial
measure; its definition and a reconciliation to the most directly comparable
IFRS measure are included in the interim financial statements.

All figures in the press release are unaudited.
; its definition and a reconciliation to the most directly comparable\
IFRS measure are included in the interim financial statements.\
\
All figures in the press release are unaudited.\