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Sea Forest Limited (ASX:SEA)

ALERT: Price-sensitive ASX Announcement for SEA
Current share price for SEA : $2.160 -0.13 (-5.68%)+
Announcement
Release
29 Apr 2026 8:26AM
Price at Release
$2.290
Full Release
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Summary
Sea Forest Limited announced its 3Q26 quarterly update highlighting significant growth and strategic advancements. The company reported a 92% increase in revenue from SeaFeed™ sales, reaching $1.1 million. New supply agreements were signed with Avondale Ag and New Agriculture, bringing the total cattle under agreement to 131,000. Sea Forest launched a low-carbon Regal Wool Collection in partnership with Theory, following a successful methane reduction pilot. The company's financial position remains robust with a cash balance of $8.4 million and an aggregate liquidity position of $27.4 million. Sea Forest is well-positioned to continue its growth strategy, bolstered by regulatory tailwinds from Australian Government policies supporting methane-abating livestock feed additives.
Key Points
  • Revenue up 92% to $1.1 million.
  • New supply agreements with Avondale Ag and New Agriculture.
  • Total cattle under agreement: 131,000.
  • Launch of low-carbon Regal Wool Collection with Theory.
  • Successful methane reduction pilot.
  • Cash balance of $8.4 million and liquidity of $27.4 million.
  • Strong growth strategy supported by government policy.
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.