Sea Harvest Group Ltd.
JJSE:SHG865.00
ZAC
+5.00
(+0.58%)
ISIN
ZAE000240198
Return %
Stock
S&P 500
1Y
2.73
14.20
3Y
-4.42
81.12
5Y
-35.93
68.34
Capital Structure
ZAR
•
in mil. unless spec.Working Capital
ZAR
•
in mil. unless spec.Growth Rates
ZAR
•
in mil. unless spec.Semi-annual Revenue
ZAR
•
in mil. unless spec.Semi-annual Earnings Per Share
ZAR
•
in mil. unless spec.Semi-annual Dividends Per Share
ZAR
•
in mil. unless spec.Company Description
- CEO
- Felix Ratheb
- Full Time Employees
- 5,270
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- The Boulevard Office Park Cape Town WC South Africa 7925
- IPO Date
- Mar 23, 2017
- Website
- seaharvest.co.za
- Similar Companies
- Business
- Sea Harvest Group Limited engages in wild-capture fishing, aquaculture, and value-added food processing across South Africa, Australia, Europe, Asia, and other international markets; the company catches, processes, and markets cape hake, horse mackerel, pelagic fish including anchovy and pilchard, prawns, scallops, crabs, Spanish mackerel, and abalone; it produces farmed species such as mussels, oysters, and trout alongside aqua feed; through its South African Fishing segment, Sea Harvest operates a fleet of trawlers and processing facilities for frozen and chilled seafood products distributed to retailers, foodservice providers, and industrial customers; Sea Harvest Australia focuses on Shark Bay prawns, scallops, and other shellfish; Sea Harvest Aquaculture manages abalone farming and sales primarily to export markets in the Far East; Cape Harvest Foods encompasses dairy operations producing cheese, butter, milk powder, and convenience foods under brands including Ladismith Cheese, Mooivallei, and BM Foods, supplied in retail, bulk, and foodservice formats; the company also imports complementary products like salmon and squid for domestic catering and institutional clients. Founded in 1964 and headquartered in Cape Town, South Africa, Sea Harvest Group Limited, listed on the Johannesburg Stock Exchange under ticker SHG.JO, rebranded from Sea Harvest Holdings Proprietary Limited in February 2017 to reflect its expanded scope; it maintains a vertically integrated model from sea-to-shelf, incorporating logistics, quality control, and global distribution networks serving over 2,000 South African retail outlets and diverse international buyers. In May 2024, the company completed the acquisition of Terrasan Group Limited's subsidiaries, including Aqunion for abalone farming, processing, and trading, and West Point Fishing for pelagic operations, for an initial R965 million in shares and cash plus performance-based earnouts, doubling its abalone capacity, adding sardine and anchovy fishing rights, fishmeal, fish oil, and canned products under the Saldanha brand, enhancing hard currency earnings, black ownership, and exposure to all major South African wild-caught fisheries; this transaction drove 21% acquisitive revenue growth and 104% operating profit increase to R633 million in the six months ended June 2025; amid challenges like low hake and prawn catch rates, Sea Harvest expanded its hake trawler fleet by four vessels in 2024-2025, reported FY2024 revenue of ZAR 7.2 billion and EBIT of ZAR 609 million despite a tragic trawler sinking, and continues advancing sustainability, transformation, and environmental management initiatives.