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Sea Forest Limited (ASX:SEA)

ALERT: Price-sensitive ASX Announcement for SEA
Current share price for SEA : $2.150 -0.8 (-27.12%)+
Announcement
Release
25 Feb 2026 8:20AM
Price at Release
$2.950
Full Release
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Summary
Sea Forest Limited presented its 1H26 results, highlighting significant revenue growth and strategic partnerships aimed at expanding its global footprint in the livestock feed additive market. The company's SeaFeed product, which aims to mitigate livestock methane emissions and enhance productivity, saw a 236% increase in revenue. The IPO raised $20.5 million, and the company is focused on strengthening its market position through partnerships with major livestock producers and expansion into international markets. Key developments include partnerships with Oisix in Japan and Belterra in Brazil, and the construction of a new distribution centre in Newcastle to enhance processing efficiency. The company reported a strong operating momentum with increased agreements, despite a decrease in underlying EBITDA due to increased sales costs and non-recurring expenses.
Key Points
  • Sea Forest Limited reported strong revenue growth in 1H26.
  • SeaFeed product revenue increased by 236%.
  • The IPO raised $20.5 million.
  • Strategic partnerships include Oisix in Japan and Belterra in Brazil.
  • A new distribution centre is being constructed in Newcastle.
  • Sea Forest is focused on global expansion and entering new markets.
  • Operating momentum is strong with several new agreements.
  • Underlying EBITDA decreased due to increased sales costs and non-recurring expenses.
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.