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Thu 14 May 2026
Close: 5 402c 
Day's move: -123c (-2.23%)
Volume: 16 951
Trades: 75
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Oceana - update on Chief Executive Officer
Oceana announced that the Board has approved the extension of Neville Brink's employment agreement with the Group to continue to assume office as Chief Executive Officer (CEO) until 31 December 2027, originally set to end on 31 December 2026.
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Oceana - trading update
The Group's financial results for the 5 months ended 22 February 2026 reflect that revenue remained consistent with the previous 5 months period, while operating profit was, as expected, slightly lower. Strong results from the Lucky Star foods and Wild caught seafood segments offset the expected weaker results from the fishmeal and fish oil businesses. The performance of fishmeal and fish oil was adversely affected by reduced industrial fish landings in South Africa and lower global fish oil prices.
Lucky Star foods performed well, driven by high demand for canned fish and better margins. Additionally, improved results from the horse mackerel businesses in South African and Namibia enhanced the overall performance of the Wild caught seafood segment.
Publication of interim results
The Group's interim results for the six months ending 31 March 2026 are expected to be released on the Stock Exchange News Service on or about 21 May 2026.
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Oceana - results of the annual general meeting
Shareholders were advised that at the Annual General Meeting of Oceana was held on Wednesday, 25 February 2026, the ordinary and special resolutions proposed at the meeting were unaltered from that reflected in the Notice of the AGM and were approved by the requisite majority of votes.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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