Land-Based Indoor RAS Mediterranean Black Bream (Spondyliosoma cantharus) Yield 2026

Underwrite circular flow raceways rearing Mediterranean Black Seabream (Spondyliosoma cantharus, reaching 450g whole gourmet size in 11 months), culinary wholesale pricing ($21.50/kg), and facility EBITDA.

Underwriting Assumptions

Annual Black Bream Harvest (Metric Tonnes)

Wholesale Restaurant Black Bream Price ($/kg)

Biological Feed Conversion Ratio (FCR)

Extruded Marine Pelleted Feed ($/kg)

Chilled RAS Power, UV Sanitation & Labor ($/yr)

Projected Economics

Gross Annual Black Bream Sales

Annual Feed Expenditure

Net Annual Operating EBITDA