Land-Based Indoor RAS Mediterranean Marbled Spinefoot / Rabbitfish Yield 2026

Underwrite circular flow raceways rearing herbivorous Mediterranean Marbled Spinefoot (Siganus rivulatus / Rabbitfish, reaching 500g culinary table size in 11 months on sustainable macroalgal feed), wholesale pricing ($27.00/kg), and facility EBITDA.

Underwriting Assumptions

Annual Rabbitfish Harvest (Metric Tonnes)

Wholesale Farm-Gate Rabbitfish Price ($/kg)

Biological Feed Conversion Ratio (FCR)

Sustainable Macroalgal / Ulva Pelleted Feed ($/kg)

Chilled RAS Power, Oxygenation & Labor ($/yr)

Projected Economics

Gross Annual Rabbitfish Sales

Annual Feed Expenditure

Net Annual Operating EBITDA