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Pure Foods Tasmania Limited (ASX:PFT)

ALERT: Price-sensitive ASX Announcement for PFT
Current share price for PFT : $0.018 -0.008 (-30.77%)+
Announcement
Release
4 Mar 2026 9:52AM
Price at Release
$0.026
Full Release
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Summary
Pure Foods Tasmania Limited (ASX: PFT) has focused on restoring financial performance and operational efficiency, reshaping into a lean manufacturing and distribution platform capable of converting revenue into profitability. Despite a statutory net loss of $6.849 million, the company has seen positive cash flow, increased EBITDA, and improved gross profit margins from the end of FY25 into FY26. Significant achievements include national distribution expansion, the relaunch of Tasmanian Pâté, securing new contracts like with Costco Australia, and the establishment of an Ice Cream Division with the acquisition of Elato. The company has also reduced borrowings and raised new capital. The outlook for the second half of FY26 is positive, with expected continued revenue growth and improved financial performance as structural changes begin to yield results.
Key Points
  • Focus on lifting revenue and operational efficiency.
  • Positive cashflow and EBITDA with improved margins.
  • Completed consolidation of manufacturing facilities.
  • Expanded national distribution and new contracts.
  • Established Ice Cream Division with Elato acquisition.
  • Reduced borrowings and raised new capital.
  • Statutory net loss of $6.849 million with a positive outlook.
  • Engaged in refinancing discussions with banking partner.
  • Deferred AGM due to ASX Listing Rules breaches.
  • Continued revenue growth and improved financial performance expected.
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.