Sea Harvest earnings set to surge past expectations

Sea Harvest Group Limited (JSE:SHG) has updated its trading statement, indicating that earnings for the six-month period ending June 30, 2025, are expected to be substantially higher than previously projected. Basic headline earnings per share (HEPS) are now anticipated to be at least 60% higher than the reported HEPS of ZAR50 cents for the prior comparative period. Basic earnings per share (EPS) are projected to be at least 40% higher than the reported EPS of ZAR61 cents for the prior comparative period. The increase is attributed to international sales price increases and efficiency gains in the South African fishing business. Further earnings guidance will be provided in accordance with JSE Limited Listings Requirements. The Group plans to release its interim results on or about September 2, 2025.