Oceana Group Ltd (OCGPF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Morning everybody and thank you for joining us this morning at our interim results presentation. My name is Neville Brink, CEO of the group, and I'm joined by Zaf Mohammad, CFO, and over the next hour and a half we'll take you through our half year results presentation. The format that I'm going to follow is I'll give a quick overview of the results. I'll then work through the divisions, the three operating businesses. I'll then hand over to Zaf and he'll do the group financial results. And then I'll end off having a brief discussion on the next six months outlook and talk a bit about our strategy. And then we should have about half an hour for questions. So let's kick off straight away. So let me just start by saying people ask me how I felt about the results. Although we are flat on last year, it's a quietly pleasing result. And why I say that is it points to the diversification of our business and the strategy that we've developed over the last five years of broadening our business. our ability to deal with the volatility of the fishing industry. And it is a volatile industry and we've had some tough challenges this six months, but overall our business has done well because where we've had challenges, other businesses have stepped up and replaced the earnings that we've seen a drop off in, in particular in the fish mill in North Australia. And lucky star, Australia remains to grow that brand and expand into new categories. We spent substantial capital in the wild-caught side enhancing and upgrading our factories and vessels, and they certainly have delivered this year. And then on the fish and oil side, where we've had challenges, both in SA and the USA, those assets are very well positioned. They're operating extremely well and are well positioned for growth in t...