Saudi Fisheries Company — Cyborg Score 3/10

Strategic Profile

Saudi Fisheries is a pioneering company with advanced infrastructure in sea fishing, aquaculture, logistics services, seafood food industries, and trade. The company operates shrimp and seafood grilling shops and operates seafood restaurants. However, recent financial performance has been challenging, with operations facing structural profitability issues.

Cyborg Score Rationale

In 2023, Saudi Fisheries' revenue was 52.21 million SAR with losses of -91.44 million, representing a 44.2% increase in losses compared to 2022. Current EBITDA is -20.46M SAR with a negative EBITDA margin of -211.20%. The company faces significant operational and structural challenges.

Top Insights

• Negative EBITDA of -20.46M SAR indicates the company is burning cash in core operations
• Losses expanded 44.2% year-over-year in 2023 despite modest 6.95% revenue growth
• Company operates integrated seafood value chain from fishing to retail, but cannot achieve profitability at current scale
• Public-private ownership structure (40% state via PIF, 60% private) may complicate strategic restructuring decisions

Named Competitors

• Aquaculture & Fishing — Saudi agricultural and aquaculture company
• Food Production — Saudi food production and investment firm
• Seafood Retail — Saudi food service and distribution

Recent Developments

• (2023) Losses increased 44.2% to -91.44M SAR despite 6.95% revenue growth to 52.21M SAR
• (2025) Stock trading significantly below historical highs of 157.00 SAR (52-week range 56.40-157.00 SAR)
• (March 2026) Trading at approximately 57-58 SAR range reflecting ongoing performance concerns

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