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Forbidden Foods Limited (ASX:FFF)

ALERT: Price-sensitive ASX Announcement for FFF
Current share price for FFF : $0.006 0 (0%)+
Announcement
Release
24 Apr 2025 9:09AM
Price at Release
$0.006
Full Release
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Summary
Forbidden Foods Limited reported a significant consolidation of growth during Q3 FY25 following the integration of Oat Milk Goodness. The company achieved net sales of $1.1 million, which was consistent with the previous quarter and represented a 171% increase from the prior year. Revenue growth was supported by strong monthly net sales in March 2025, strategic inventory build-up, and a new purchase order from Costco valued at $133,000. Additionally, a successful share placement raised $1 million to fund further growth initiatives, while the company is set to rebrand as OMG Group Limited, pending shareholder approval.
Key Points
  • Net sales of $1.1 million, consistent with previous quarter and up 171% from prior year.
  • Monthly net sales exceeded $500,000 in March 2025, highest since new management took over.
  • Cash receipts from customers increased to $1.166 million, a 115% rise from previous year.
  • Expanded product range and distribution following acquisition of Oat Milk Goodness.
  • Third purchase order from Costco valued at $133,000 for Blue Dinosaur products.
  • Strategic inventory build-out expected to enhance cash receipts.
  • Raised $1 million through share placement to support operational momentum.
  • Company will be renamed OMG Group Limited pending shareholder approval.
  • Appointment of new senior FMCG executive as Non-Executive Director.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.