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Sea Forest Limited (ASX:SEA)

ALERT: Price-sensitive ASX Announcement for SEA
Current share price for SEA : $2.100 -0.85 (-28.81%)+
Announcement
Release
25 Feb 2026 8:20AM
Price at Release
$2.950
Full Release
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Summary
Sea Forest Limited reported its 1H26 results with a substantial increase in SeaFeed™ revenue, which was up by 236% compared to 1H25, reflecting strong commercial rollout and customer adoption. The company secured agreements to induct 118,000 cattle onto SeaFeed, surpassing breakeven targets. Sea Forest's financial position is robust with $29 million in cash and deposits as of 31 December 2025, supporting expansion and product commercialization efforts. Operational progress includes agreements with Providore Global and collaborations with Woolworths Group, Teys Australia, and DIT AgTech, enhancing market reach in the Australian grazing sector. Internationally, partnerships with Belterra in Brazil and Oisix Ra Daichi in Japan mark strategic expansions. The company is innovating delivery formats for broader product adoption and advancing regulatory approvals. SeaFeed Aquaculture trials indicated significant growth rate improvements, with further research planned. The outlook for 2H26 is optimistic with continued momentum and market expansion initiatives.
Key Points
  • SeaFeed™ revenue up 236% on 1H25.
  • 118,000 head of cattle committed, exceeding breakeven target.
  • Strong balance sheet with $29 million in cash and deposits.
  • Agreement with Providore Global and collaboration with Woolworths, Teys Australia, and DIT AgTech.
  • Expansion into South America and Japan with strategic partnerships.
  • Development of additional delivery formats for SeaFeed.
  • Significant growth rate improvements noted in SeaFeed Aquaculture trials.
  • Strong operational momentum entering 2H26.
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.