This study assesses the Fishery Performance Indicators (FPI) of the red grouper fishery, currently overexploited, aiming to identify factors for sustainable management and economic growth. Evaluation spans commercial and recreational fishing activities and encompasses output indicators focusing on ecology, economy, and community, through 68 metrics, including measures related to stock abundance, ecosystem impacts (e.g., habitat degradation, bycatch rates), and social aspects (e.g., community participation in management). Input indicators assess enabling conditions such as diseases, water quality, air pollution, biodiversity, etc. Scoring involved reviewing fishery data and information from various sources including scientific literature, technical reports from workshops and meetings, journalistic notes, databases, and unpublished data; with each metric scored according to its specific system. The red grouper fishery exhibits strengths in harvest and community involvement but grapples with stock and ecological concerns. Medium-size fleet perform adequately, yet challenges arise from aging vessels and market fluctuations. Artisanal fleet encounter issues like illegal fishing and economic struggles, while recreational fishing faces stock and ecological worries. Persistent environmental and governance challenges underscore deficiencies in management practices and fishing markets. Enhancing the red grouper fishery requires fair pricing, effective stock management, and sustainability efforts in co-management, fisheries management, and post-harvest processes. Improving gear selectivity is crucial for effective stock management, involving minimizing catches of juvenile red grouper and incidental species. Insufficient bargaining power results in an unfair market and disadvantages for fishermen, leading to losses. To address these issues, it is essential to diversify market channels, stabilize prices, and advocate for fair pricing mechanisms. Empowering fishermen through collective bargaining and regulating credit agreements can ensure fairness. Additionally, policy interventions are necessary to support fishermen and foster a more equitable industry.