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Seafarms Group Limited (ASX:SFG)

ALERT: Price-sensitive ASX Announcement for SFG
Current share price for SFG : $0.002 0 (0%)+
Announcement
Release
30 Jan 2026 11:16AM
Price at Release
$0.002
Full Release
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Summary
Seafarms Group Limited, an aquaculture company, reported its financial and operational performance for the quarter ending 31 December 2025. The company recorded sales revenue of $4.9 million, primarily from domestic sales of fresh bananas and exports of frozen black tiger prawns to Europe. Cash used in operating activities was $3.597 million for the quarter, reflecting continued investment in the Project Sea Dragon. The company secured a $16.5 million finance facility, with ongoing efforts to secure additional funding through asset sales and borrowings. The acquisition of Project Sea Dragon Pty Limited's assets was completed, and the company is working to finalize the transfer of licenses and approvals. Seafarms Group is pursuing funding to further develop the Sea Dragon Shrimp project.
Key Points
  • Seafarms Group Limited reported quarterly sales revenue of $4.9 million.
  • Cash used in operating activities was $3.597 million for the quarter.
  • The company secured a $16.5 million finance facility from Avatar Finance.
  • Acquisition of Project Sea Dragon Pty Limited's assets completed for $750,000.
  • Efforts to secure additional funding through asset sales and borrowings.
  • Successful harvest of banana prawns for the Christmas market.
  • Legal resolution pending regarding funds held by the Federal Court.
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.