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Sea Forest Limited (ASX:SEA)

ALERT: Price-sensitive ASX Announcement for SEA
Current share price for SEA : $1.600 -0.54 (-25.23%)+
Announcement
Release
29 Jul 2026 8:36AM
Price at Release
$2.140
Full Release
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Summary
Sea Forest Limited has released its 4Q26 Quarterly Update highlighting a substantial growth in revenue and strategic agreements. The company reported an 83% increase in revenue from the previous quarter, totaling $2.1 million. New agreements with Avondale Ag and New Agriculture have been secured, expanding SeaFeed's influence in the Australian cattle market. Sea Forest has also initiated commissioning of a regional distribution center in Newcastle to enhance service efficiency. The company’s cash position has grown to $12.6 million, bolstered by a $1.9 million R&D tax incentive refund, supporting its long-term growth strategies. Sea Forest is expanding its SeaFeed product, which reduces methane emissions in livestock, and continues trials in aquaculture with Mainstream Aquaculture.
Key Points
  • Revenue up 83% on 3Q26 to $2.1 million.
  • New customer agreements with Avondale Ag and New Agriculture.
  • Commissioning of Newcastle distribution centre initiated.
  • Increased cash balance to $12.6 million.
  • Received $1.9 million R&D tax incentive refund.
  • Expansion of SeaFeed product in Australian market.
  • Started commercial-scale trials with Mainstream Aquaculture.
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.