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SA’s biggest fish producer takes a hit.

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Guest: Neville Brink – CEO, Oceana Group

South Africa’s largest fishing and food-processing company, Oceana Group, has taken a knock posting a 35% plunge in full-year profit as global fish oil prices collapsed from last year’s record highs. CEO Neville Brink joins us to unpack the numbers behind the headline and explain how a halved dollar fish-oil price reshaped the group’s fortunes.

Despite revenue holding steady at around R10 billion, softer fishmeal and fish-oil pricing weighed heavily on earnings, dragging headline earnings per share down 38% and prompting a sharply lower dividend payout. Yet Oceana’s story isn’t one of decline but of resilience. Brink highlights a strong turnaround in Wild Caught Seafood, surging production across Lucky Star Foods, and improved volumes in both the African and US operations.
24 Nov 2025 3PM English South Africa Business News · Investing

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