Tantalizers Plc has entered a five-year offtake agreement between its subsidiary, Tantalizers Fisheries Limited, and United States-based seafood importer Harvester Fisheries LLC, marking a major step in the company’s expansion into the global seafood export market.
According to a disclosure filed with the Nigerian Exchange and signed by the Company Secretary, the agreement requires Tantalizers Fisheries to supply minimum annual quantities of wild-caught tiger prawns and pure shrimps to Harvester Fisheries, headquartered in Massachusetts. Tantalizers described the partnership as a multi-million-dollar deal that strengthens its push into international markets.
Speaking on the agreement, the Group Managing Director, Robert Speijer, said the partnership enhances Tantalizers’ global supply chain and positions Nigeria as a credible source of high-quality seafood for North American buyers. Harvester Fisheries operates from New Bedford, Massachusetts, one of the United States’ busiest fishing ports, and supplies premium seafood to retail chains, restaurants and institutional clients across the continent.
Tantalizers Fisheries, which operates within a Nigerian Free Trade Zone as a purely export-focused enterprise, specialises in harvesting, trawling, processing, and exporting wild-caught shrimp and prawns in line with global quality and food safety standards.
Development comes as Tantalizers Plc records a significant rebound in its financial performance for the first nine months of 2025. The company reported a pretax profit of N41.1 million, a strong turnaround from the N259.5 million loss posted in December 2024. Revenue for the period stood at N2.05 billion, driven largely by franchise-owned outlets, which contributed N1.1 billion, while company-owned branches generated N945.2 million.
Although gross profit declined to N310.4 million compared with N425.1 million in 2024, the company benefited from tighter cost controls and improved operational efficiency. Other income rose to N159 million, supported by franchise and rent earnings. Distribution operations swung from a loss to a gain, administrative expenses dropped significantly, and write-backs provided additional relief.
These improvements helped the firm narrow its operating loss to just N189,152, a dramatic recovery from the N189.9 million loss posted at the end of last year. The company also moved from a net finance cost position to a N41.3 million gain, strengthening bottom-line performance.
For Nigeria’s MSME sector, the Tantalizers–Harvester partnership reinforces the potential of agro-processing and seafood value chains in export markets. It shows how improved standards, strategic partnerships, and efficient operations can open global opportunities for locally produced goods.
