Oceana H1 FY26 operating profit slips 1.6% to R 665 million; revenue falls 6% to R 4.88 billion

  • Oceana Group’s headline earnings per share rose 7.7% to 349.8 cents for the six months ended March 31, 2026, while operating profit slipped 1.6% to ZAR 665 million.
  • Revenue fell 6% to ZAR 4.88 billion, while profit before tax increased 6.4% to ZAR 566 million.
  • Lucky Star Foods operating profit jumped 40.6% to ZAR 324 million, while Wild Caught Seafood more than doubled to ZAR 204 million.
  • Fishmeal and fish oil (Africa) operating loss widened to ZAR 139 million from a loss, while the U.S. unit’s operating profit fell 26.7% to ZAR 276 million.
  • Net debt to EBITDA improved to 1.1x from 2.2x, while the interim dividend was unchanged at 110 cents a share.


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