Oceana Group forecasts sharp decline in earnings as fish oil prices plummet

OCEANA Group, one of South Africa's leading fishing products companies, has issued a stark warning regarding its financial performance for the year ending September 30, 2025 - a drop of at least 40% in headline earnings per share (HEPS).

- EDWARD WEST

This would likely translate to a fall of over 367 cents per share from the prior comparative period's 917.6 cents.

This expected downturn is primarily attributed to the sharp decline in fish oil prices, which have halved from record highs seen last year.

The significant decrease in fish oil prices has been linked to a recovery in the Peruvian anchovy biomass, a situation that has led to a market correction following extraordinary price levels in the previous year. In addition, Daybrook's performance has suffered notably, contrasting sharply with its exceptional earnings from the prior period.