Season 7 Summary

Jul 2025 – Jun 2026 · Final, closed book · All figures in OMR unless noted
+29.9% vs Revenue Budget +175.6% vs PBT Budget
📁 This is a frozen record of Season 7. Figures are sourced from the monthly Alpha MIS workbooks (Jul 2025 – Jun 2026, all 12 months archived in MIS/Season 7/) and won't change as Season 8 progresses.
💰 Finance 🏭 Operations 📊 Sales & Commercial 👥 Workforce

💰 Finance

Total Revenue
10.48M
Budget: 8.07M ▲ 29.9%
10,484,541 OMR · Source: P&L Sheet
Gross Profit
4.47M
Budget: 2.19M ▲ 104.1%
GP Margin 42.6% · Source: P&L Sheet
EBITDA
3.76M
Budget: 1.68M ▲ 123.5%
EBITDA Margin 35.9% · Source: P&L Sheet
PBT
3.17M
Budget: 1.15M ▲ 175.6%
3,169,688 OMR · Source: P&L Sheet
Cash Profit
3.46M
Budget: 1.43M ▲ 142.9%
3,464,431 OMR · Source: P&L Sheet
Monthly Revenue Trend Jul–Jun
Margin Analysis (% of Revenue) GP / EBITDA / PBT
Monthly P&L Summary (OMR) Source: P&L Sheet · Jul 2025–Jun 2026 (Final)
Metric Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Total
Total Revenue 162,158 656,294 223,632 281,616 1,488,246 2,250,183 1,352,476 1,740,120 0 0 1,498,839 830,977 10,484,541
Direct Costs 166,912 558,956 172,723 228,106 874,213 1,153,625 683,942 973,294 30,763 26,922 833,931 252,536 5,955,922
Gross Profit -15,718 92,844 49,326 51,548 606,181 1,089,515 663,813 761,791 -30,763 -26,922 653,944 570,132 4,465,691
Indirect Costs 43,626 37,611 39,929 52,204 78,064 59,424 59,569 55,558 72,773 46,605 66,725 89,682 701,771
EBITDA -59,345 55,233 9,398 -655 528,117 1,030,092 604,243 706,232 -103,536 -73,527 587,218 480,449 3,763,920
Depreciation 23,655 23,756 23,756 24,191 24,506 24,475 24,781 24,941 24,941 25,214 25,259 25,267 294,743
Interest 22,606 23,279 22,428 23,881 25,509 26,304 25,561 28,248 26,406 25,106 24,476 25,686 299,489
PBT -105,605 8,198 -36,787 -48,727 478,102 979,312 553,901 653,043 -154,883 -123,847 537,484 429,497 3,169,688
Cash Profit -81,950 31,954 -13,030 -24,536 502,608 1,003,787 578,683 677,984 -129,942 -98,633 562,743 454,764 3,464,431
Finance Costs & Coverage Interest, Bank & Wakala Charges
Interest & Bank Charges (P&L, accrual)299,489
% of Revenue2.86%
% of EBITDA7.96%
Interest Coverage (EBITDA ÷ Interest)12.6×
Bank & Finance — Cash Movements (Season)
Wakala Profit Share (financing cost)191,094
Bank Charges20,531
Facility Processing Fee24,150
Term Loan (DSRA)319,316
Wakala Closing (principal repaid)5,800,000
Total Bank & Finance Outflow6,355,091
Note: the P&L "Interest & Bank Charges" line is accrual-based; the cash-flow breakdown above is actual cash paid in the season, so the two won't tie exactly. Wakala Closing and Term Loan (DSRA) are principal/reserve movements, not P&L finance costs.
Cash Flow Opening → Closing
Opening Cash (Jul 1, 2025)168,445
Closing Cash (Jun 30, 2026)824,290
Total Receipts14,843,063
Total Outflow14,187,218
Net Change in Cash+655,845
Receipts Breakdown
Collections from Sales8,636,551
Bank Facility Drawdown4,400,000
Other (MMA, VAT/Customs refunds, transfers)1,806,512
Outflow Breakdown
Variable Costs (RM, energy, labour, logistics)6,243,132
Fixed Costs (staff, admin, insurance)1,487,318
Bank & Finance (loans, Wakala, charges)6,355,091
Capex101,677
Direct Cost — Budget Variance by Category
Category Actual Budget Var %
Raw Material (fish, commission, packing)4,744,9764,724,546+0.4%
Energy (diesel, electricity, LPG)238,702361,796-34.0%
Consumables (chemicals, water)43,22797,458-55.6%
Labour (hired manpower)156,991148,850+5.5%
Testing, Logistics & Freight883,448551,458+60.2%
Changes in Inventory-111,4220—
Total Direct Cost5,955,9225,884,109+1.2%
Overall direct cost landed close to budget, but the mix shifted: energy and consumables came in well under, offset by Testing/Logistics/Freight running 60% over budget — driven by ocean freight rates (see Shipping & Logistics under Operations).
Indirect Cost — Budget Variance by Category
Category Actual Budget Var %
Employees' Remuneration & Benefits393,791357,100+10.3%
Office & Admin106,485101,747+4.7%
Travelling Expenses29,8487,200+314.6%
Other Expenses171,64738,136+350.1%
Total Indirect Cost701,771504,183+39.2%
Indirect cost ran 39% over budget for the season — Travel and "Other Expenses" are the main drivers (both off a small base, so review what's sitting in those lines before setting next season's budget).

🏭 Operations

Production Summary 41,031 MT Raw Fish
Fish Meal
Produced10,457 MT
Sold10,821 MT
Closing Stock (Jun 30)2,146 MT
Avg Yield25.5%
Days of Inventory72.4 days
Fish Oil
Produced2,554 MT
Sold2,804 MT
Closing Stock (Jun 30)1,025 MT
Avg Yield6.2%
Days of Inventory133.4 days
Fish Soluble Paste
Produced915 MT
Sold767 MT
Avg Yield2.2%
Fish Oil is carrying over 4 months of stock (133 days) against Fish Meal's ~2.4 months — worth a look if FO demand doesn't pick up early Season 8.
Processing Cost per MT of Raw Fish vs 3-Yr Avg (Jul 21–Jun 24)
Weighted Avg Raw Fish Price114.02 OMR/MT
Cost Component (per MT raw fish) Season Avg 3-Yr Avg
Fish Cost114.02129.52
Brokerage0.510.54
Chemicals0.300.78
Diesel0.290.10
Electricity (Factory)2.262.45
LPG3.164.47
Manpower2.304.35
Repairs & Maintenance2.332.03
Water0.640.65
Disposal (Blood/Other)1.160.35
Total Direct Cost / MT Raw Fish126.97145.23
Total Direct Cost per MT of Finished Goods429.44 (3-yr avg 462.43)
Combined Yield (FM+FO+FP)29.57% (3-yr avg 31.35%)
Season direct processing cost per MT ran ~12.6% below the 3-year average — mainly lower manpower and chemicals cost per MT, partly offset by higher disposal charges.
Shipping & Logistics Cost per MT Jul 2025 – Jun 2026 (Full Season)
636 containers
14,374 MT shipped
22.6 MT / container
Charge Type Total (OMR) OMR / MT
Ocean Freight394,02027.41
Inland Transport156,36810.88
Clearance & Customs72,3225.03
TP Testing21,4821.49
TP Supervision17,7761.24
Stuffing13,2360.92
Fumigation10,4570.73
Total685,66147.70
Avg Total Logistics Cost per Container1,078 OMR
Ocean freight is by far the largest logistics line (57% of the total) and the main reason Testing/Logistics/Freight ran over budget for the season — see Direct Cost Budget Variance under Finance.

📊 Sales & Commercial

Sales & Receivables View Live Report →
Total Contract Value (OMR)10,753,375
Total Received (OMR)9,881,803
Balance to Receive (OMR)871,572
Days Sales Outstanding (DSO)30.3 days
By Product
Product Sold (Executed, MT) Received (OMR) Balance (OMR)
Fishmeal10,817.27,322,4190
Fish Oil2,804.12,357,005871,572
Fish Sol. Paste701.0202,3790
Realized Pricing & Shipment Profile — from the Shipments ledger
68 shipments
17 customers
Avg 211.6 MT / shipment
Product Avg Price (USD/MT) Avg Price (OMR/MT)
Fishmeal1,754.7675.2
Fish Oil2,758.51,061.5
Fish Sol. Paste682.7262.7
Top customer: Kanematsu Corporation — 8,817 MT (61% of season volume)
Contract Status (Final)
26
Completed
3
In Progress
0
Pending Ship

👥 Workforce & Productivity

Workforce at Season Close
80
46 direct staff + 34 hired labour
Raw Fish Processed / Employee
513 MT
41,031 MT ÷ 80 employees
Revenue / Employee
131,057 OMR
10,484,541 ÷ 80 employees