Land-Based Indoor RAS Mediterranean Red Sea Bream / Madai (Pagrus major) Yield 2026

Underwrite high-salinity multi-tier shallow raceways rearing Japanese Red Sea Bream (Madai, reaching 1.0kg premium sashimi grade in 14 months), wholesale market pricing ($21.00/kg), and facility EBITDA.

Underwriting Assumptions

Annual Whole Harvest (Metric Tonnes)

Wholesale Sashimi Madai Price ($/kg)

Biological Feed Conversion Ratio (FCR)

Extruded Marine Pelleted Feed ($/kg)

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

Projected Economics

Gross Annual Madai Sales

Annual Feed Expenditure

Net Annual Operating EBITDA