Seafarms Group (SFG ) H2 2025 earnings summary

Executive summary

• Revenue declined 43% year-over-year to $14.6 million, reflecting lower production and subdued market demand.

• Net loss after tax improved to $11.7 million from $19.3 million in the prior year, a 39% reduction.

• No dividends were declared or paid for the year.

• The Group continued to invest in aquaculture expansion and international market development.

Financial highlights

• Revenue: $14.6 million (down from $25.5 million year-over-year).

• Net loss after tax: $11.7 million (improved from $19.3 million year-over-year).

• Basic and diluted loss per share: 0.24 cents (improved from 0.40 cents year-over-year).

• Net tangible assets per share: 0.06 cents (down from 0.31 cents year-over-year).

• Cash at year-end: $3.3 million (up from $1.2 million prior year).

Outlook and guidance

• Ongoing legal uncertainties and court processes regarding Project Sea Dragon continue to impact funding and expansion.

• Anticipated weaker market conditions led to reduced production and stocking.

• Demand for premium prawns remains subdued due to cost-of-living pressures.