Kaldvík AS Reports Financial and Production Hits from Iceland Jellyfish Event

Key Facts

1Kaldvík AS reported that a jellyfish event in Reyðarfjörður has negatively impacted the company's biological production and financial position.

2The company entered into a waiver agreement with its lenders on October 1st following financial challenges caused by the event.

Kaldvík AS reported that a jellyfish event in the Reyðarfjörður region has negatively impacted the company's biological production and financial position. According to a statement released via GlobeNewswire, the company entered into a waiver agreement with its lenders on October 1, 2026, following financial challenges caused by the incident.

The biological event resulted in approximately 11.5 percentage points of additional mortality in the 2025 generation since September 4, 2026, up from the 6.5 percentage points previously reported. Despite these pressures, the company maintained its 2026 harvest guidance at approximately 17,000 tonnes, noting that biological conditions and appetite levels have returned to normal as the jellyfish presence subsided.