Oman Fisheries Company SAOG (OFCI) Earnings Call Transcripts

Oman Fisheries Company SAOG's Latest Earnings Call - May 20, 2026

In the first quarter of 2026, Oman Fisheries Company SAOG (OFCI:OM) continues to navigate significant operational challenges while signaling potential recovery through ongoing negotiations for new investments. Revenue for 2025 declined sharply to OMR 2.1 million, down 55% year-over-year, but management highlighted a 45% improvement in EBITDA due to stringent cost control measures. The company is optimistic about breaking even by the end of 2027, contingent on securing new funding and restructuring existing obligations.

Reported metrics

Guidance from management

Management indicated that breaking even by the end of 2027 is achievable if new investments are secured. They are optimistic about exceeding expectations once cash is allocated effectively.

What management said

[Foreign Language] Hello, everybody. Now this is Oman Fisheries, discussion session concerning the annual financial statements of 2025 plus the first quarter of 2026. So now this is an open session, and all our esteemed attendees will have the opportunity to raise any concerns or make any questions directly to Mr. Dawood Al-Wahaibi. So please go ahead and start. There is no preference. All attendees are equally welco...

The question is in regards to the potential entry of a new partner or investor in Oman Fisheries and if there is any sign of funds coming in into Oman Fisheries. Now this is a norm story that we can make it short. The answer is yes. There are negotiations in the background. It's still in the early stages. Board members as well as executive management, they are working as hard as possible and as quick as possible in ...

What analysts pressed on

Analysts expressed concerns regarding the company's ability to secure new investments and the potential for share dilution. There is apprehension about whether the current operational model can sustain long-term growth amidst ongoing financial challenges.

Main topics on the call

• Revenue Decline — Oman Fisheries reported a revenue drop to OMR 2.1 million in 2025, a 55% decline from the previous year. Management acknowledged that 'the major reason we know about the decline is not having enough working capital avail...
• EBITDA Improvement — Despite revenue challenges, EBITDA improved by 45%, reflecting effective cost control measures. Management noted, 'the EBITDA loss is significantly lower than the loss of 2024 and the previous years.'
• Operational Model Shift — The company has implemented a new operational model focusing on higher-margin Demersal fish, which has led to a '19% shift' in contribution margin. This strategic pivot aims to reduce reliance on trading and enhance prof...
• Debt Restructuring — Oman Fisheries has successfully migrated from overdrafts to term loans with major lenders, which is expected to stabilize financial obligations. Management confirmed, 'we've concluded the migration from whatever we were ...

Read the full Oman Fisheries Company SAOG transcript (May 20, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 2 Oman Fisheries Company SAOG earnings call transcripts on record, spanning March 20, 2025 to May 20, 2026. The most recent call on file is dated May 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

OFCI

Exchange

MSM

Country

OM

Sector

Consumer Staples

Industry

Food Products

Calls on record

2

First call

March 20, 2025

Most recent

May 20, 2026