Seafarms Group (SFG ) H2 2025 earnings summary

Executive summary

• Continued investment in aquaculture expansion, with focus on Project Sea Dragon and Queensland prawn operations.

• Group produced 605 tonnes of prawns in FY2025, down from 1,186 tonnes in FY2024, reflecting weaker market conditions and operational disruptions from flooding.

• Project Sea Dragon Pty Ltd was placed into liquidation; $1.75m in DOCA funds remain subject to court determination.

• Net loss after tax was $11.7m, a significant improvement from $19.3m loss in FY2024.

Financial highlights

• Revenue and other income: $14.6m (FY2024: $25.5m), reflecting lower production and subdued market demand.

• Net loss after tax: $11.7m (FY2024: $19.3m).

• Basic and diluted loss per share: (0.24) cents (FY2024: (0.40) cents).

• Cash and cash equivalents at year end: $3.3m (FY2024: $1.2m).

• Gain on disposal of assets (sale of Farms 1 & 2): $8.4m.

Outlook and guidance

• Strategic direction remains focused on developing Project Sea Dragon as a scalable integrated prawn aquaculture project.

• Ongoing efforts to secure full project financing and necessary regulatory approvals.

• Market conditions expected to remain challenging due to cost of living pressures and subdued demand for premium prawns.