Sea Harvest Group Limited (“Sea Harvest”) is currently finalising its financial results for the year ended 31 December 2025, which are expected to be released on or about Tuesday, 3 March 2026.
Cape Town, 4 February 2025 – Sea Harvest published a trading statement today advising shareholders that it expects to report, for the financial year ended 31 December 2025, headline earnings per share (“HEPS”) from total operations of between 216 cents and 222 cents, representing a 300% increase over the prior comparative period and its highest since listing in 2017.
The significant improvement in performance was primarily attributable to higher catch rates, significantly improved pricing and efficiency gains in its hake business while its pelagic business also delivered strong results benefitting from efficiency gains. Increased milk flow in its dairy business and a keen focus on cost control across the Group contributed to the record results.
The result on an earnings per share (“EPS”) basis was tempered by impairments in the Australian business, which faced environmental headwinds in Shark Bay, and in its Aquaculture business, which continues to be impacted by depressed consumer demand in Hong Kong and China.
The Group is pleased to see its new strategic direction taking shape, including the previously announced proposed disposal of Ladismith Cheese, with the proceeds earmarked to further reduce debt.
Sea Harvest Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2008/001066/06)
Share code: SHG ISIN: ZAE000240198
(“Sea Harvest” or “the Group”)
FURTHER TRADING STATEMENT
Sea Harvest is currently finalising its financial results for the year ended 31 December 2025, which are expected to be released on the Stock Exchange News Service (“SENS”) of the JSE Limited (“JSE”) onor about Tuesday, 3 March 2026.
Shareholders are referred to the trading statement published on SENS on Tuesday, 25 November 2025 in terms of which shareholders were advised that the Group was satisfied that a reasonable degree of certainty existed that, for the financial year ending 31 December 2025, basic headline earnings per share (“HEPS”) from total operations would be more than 200% higher than the reported HEPS for the prior comparative period.
Shareholders are further referred to the announcement published on SENS on Friday, 21 November 2025 in terms of which shareholders were advised of the Group’s proposed disposal of Ladismith Cheese. In accordance with IFRS 5: Non-current Assets Held for Sale and Discontinued Operations, Ladismith Cheese has been classified as held for sale and presented as a discontinued operation in the financial results for the year ended 31 December 2025. As a result, including for comparative purposes, earnings per share (“EPS”) and HEPS now reflect total, continuing and discontinued operations.
The Group’s results for the current year show a significant improvement compared to the prior comparative period notwithstanding certain impairments, and is primarily attributable to:
- higher catch rates, significantly improved pricing and efficiency gains in the hake business;
- efficiency gains in the pelagic business;
- increased milk flow in the dairy business; and
- a keen focus on cost control across the Group.
In accordance with section 3.4(b) of the Listings Requirements of the JSE, shareholders are advised that the Group expects to report for the financial year ended 31 December 2025: