Scottish fishing firm Klondyke delivered a £20m dividend on the back of soaring profits, its latest accounts have shown.
It comes after the company, one of the UK’s largest pelagic catchers, reported a turnover of £55.1m and a pre-tax profit of £36.9m in the financial year to 30 June 2025 – up 32% and 40% respectively on 2024, with gross profit margin rising from 71% to 74%.
The clearest sign of the business’s confidence was its capital spending. The Fraserburgh-based business invested £8.3m into plant and machinery last year – around 600% up on the £1.2m spent in 2024.
Concerns over sustainability and unresolved tensions over quota allocations between coastal states have caused some business, including retailers, to suspend or review their sourcing of northeast Atlantic mackerel.
“Against a background of difficult world events the company recorded a very strong financial performance,” Klondyke’s directors said, adding that they were “satisfied with the performance of the company and its future prospects”.
As noted in the accounts, the business’a principal risks and uncertainties relate to fluctuations in annual quota allocations and market prices for mackerel and herring, “both of which will have a considerable effect on the company’s revenue”.
However, Klondyke’s directors remained positive, saying they continued “to believe that opportunities exist to develop the company’s core activity”.
“The future outlook for the pelagic fishery remains buoyant and the company is well placed to take advantage of this and the expectation is for continued satisfactory trading performance,” they added.
Klondyke was approached for comment.
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