South Africa · Delayed Price · Currency is ZAR · Price in ZAc Oceana Group Earnings Call Transcripts
Fiscal Year 2025
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Operating profit fell 23% to ZAR 1.3bn on flat revenue, as fish oil prices dropped sharply, but Africa businesses grew profit 58% and Lucky Star Foods delivered solid results. Net debt to EBITDA rose to 1.7x, and the dividend was cut 43%.
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Revenue rose 2.9% to ZAR 5.2bn, but operating profit fell 33.5% due to lower fish oil prices. Lucky Star Foods delivered record volumes and improved margins, while wild-caught seafood and fishmeal segments saw mixed results. Net debt increased with higher working capital and CapEx.
Fiscal Year 2024
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A leading African fishing group detailed its diversified operations across fishing, processing, and global exports, emphasizing the strength of its Lucky Star brand and growth in fish meal and oil. Strategic investments target capacity expansion, while sustainability and dividend growth remain priorities.
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Solid results achieved with revenue surpassing ZAR 10.1 billion and operating profit up 9.5%, driven by strong fish oil sales and efficiency gains in Lucky Star Foods. Elevated capex focused on vessel and plant upgrades, with future growth expected from brand expansion and operational improvements.
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Record first-half results driven by Daybrook's high-margin fish oil sales and resilient Lucky Star volumes, with strong cash flow supporting major CapEx and new acquisitions. Outlook remains positive, though second-half performance is expected to moderate.