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Seafarms Group Limited (ASX:SFG)

ALERT: Price-sensitive ASX Announcement for SFG
Current share price for SFG : $0.002 0.001 (33.33%)+
Announcement
Release
29 Aug 2025 4:12PM
Price at Release
$0.002
Full Release
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Summary
The Seafarms Group Limited's Preliminary Final Report for the financial year ending June 30, 2025, highlights a comprehensive overview of the company's financial activities and position. The report details significant financial losses amounting to $11.7 million, a reduction in net assets to $3.1 million, and accumulated losses of $312 million. Operating cash flow shows a deficit of $9.7 million, with the company relying on proceeds from asset sales and borrowings to maintain liquidity. The organization also experiences a decrease in assets, especially biological assets and inventory, reflecting operational challenges. Additionally, the report outlines various impairments, including receivables and right-of-use assets, and highlights legal and financial costs impacting the company's overall financial performance.
Key Points
  • Seafarms Group reported a net loss of $11.7 million for FY25.
  • Total equity decreased significantly to $3.1 million by June 30, 2025.
  • Accumulated losses reached $312 million at the end of the financial year.
  • Operating activities resulted in a cash deficit of $9.7 million.
  • Asset sales and borrowings were crucial for liquidity maintenance.
  • Impairments were recorded on receivables and right-of-use assets.
  • Significant legal and finance costs impacted financial results.
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.