Reported Earnings • Oct 09
Full year 2025 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in FY 2024) Full year 2025 results: AU$0.002 loss per share (improved from AU$0.004 loss in FY 2024). Revenue: AU$14.6m (down 43% from FY 2024). Net loss: AU$11.7m (loss narrowed 39% from FY 2024). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • Oct 07
Seafarms Group Limited, Annual General Meeting, Nov 25, 2025 Seafarms Group Limited, Annual General Meeting, Nov 25, 2025. Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in FY 2024) Full year 2025 results: AU$0.002 loss per share (improved from AU$0.004 loss in FY 2024). Revenue: AU$14.6m (down 43% from FY 2024). Net loss: AU$11.7m (loss narrowed 39% from FY 2024). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Seafarms Group Limited, Annual General Meeting, Nov 29, 2024 Seafarms Group Limited, Annual General Meeting, Nov 29, 2024. Location: mills oakley, level 23, 66 eagle street, brisbane qld 4000 Australia Reported Earnings • Aug 30
Full year 2024 earnings released: AU$0.004 loss per share (vs AU$0.003 loss in FY 2023) Full year 2024 results: AU$0.004 loss per share (further deteriorated from AU$0.003 loss in FY 2023). Revenue: AU$25.5m (down 1.6% from FY 2023). Net loss: AU$19.3m (loss widened 26% from FY 2023). New Risk • Apr 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.36m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$12m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 7.1% per year over the past 5 years. Market cap is less than US$10m (AU$14.6m market cap, or US$9.36m). Announcement • Jan 24
Seafarms Group Limited Appoints Peter Fraser to the Role of Commercial Director, Project Sea Dragon Seafarms Group Limited (Seafarms) announced the appointment of Peter Fraser to the role of Commercial Director, Project Sea Dragon. Peter Fraser has a distinguished career in the international aquaculture industry. For the past 14 years, Peter has been the proprietor and Managing Director of Ocean and Earth Seafoods, specializing in high-end seafood products. Peter has served as a consultant to various global enterprises, showcasing his adaptability and strategic acumen. Peter also held the role of Managing Director for various seafood companies, including the publicly listed Marine Produce Australia, where he played a pivotal role in its restructuring and success. He also contributed significantly to the National Prawn Company of Saudi Arabia, where he led sales, marketing, and strategy development, ultimately achieving impressive results. An accountant by trade, Peter was born in the UK and is a dual British-Australian citizen who lived and worked in Dubai for 14 years. Announcement • Oct 20
Seafarms Group Limited, Annual General Meeting, Nov 23, 2023 Seafarms Group Limited, Annual General Meeting, Nov 23, 2023, at 10:01 E. Australia Standard Time. Location: offices of Mills Oakley, Level 23, 66 Eagle Street BRISBANE Australia Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.019 loss in FY 2022) Full year 2023 results: AU$0.003 loss per share (improved from AU$0.019 loss in FY 2022). Revenue: AU$25.9m (up 33% from FY 2022). Net loss: AU$15.4m (loss narrowed 82% from FY 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$42m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 28% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$24.3m market cap, or US$15.8m). Board Change • Mar 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Chairman Ian Trahar is the most experienced director on the board, commencing their role in 2001. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Chairman Ian Trahar is the most experienced director on the board, commencing their role in 2001. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Nov 02
Seafarms Group Limited, Annual General Meeting, Nov 30, 2022 Seafarms Group Limited, Annual General Meeting, Nov 30, 2022, at 10:00 W. Australia Standard Time. Location: Level 6, 123 St Georges Terrace Perth Western Australia Australia Agenda: To receive and consider the Financial Report, Directors' Report and Auditor's Report for the year ended 30 June 2022; To consider Remuneration Report for the year ended 30 June 2022; to consider election of director Mr Rodney Dyer; to consider election of director Mr Harley Whitcombe; to consider election of director Mr Terutaka Kuraishi; to consider approval to amend the constitution; to consider approval of proportional takeover provisions; to consider additional capacity to issue securities; and to consider other matters, if any. Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.016 loss per share (vs AU$0.011 loss in FY 2021) Full year 2022 results: AU$0.016 loss per share (down from AU$0.011 loss in FY 2021). Revenue: AU$20.6m (down 1.7% from FY 2021). Net loss: AU$75.1m (loss widened 192% from FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. CEO & Executive Chairman Mick McMahon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Dec 01
MD of Project Sea Dragon & Executive Director Christopher Mitchell has left the company On the 30th of November, Christopher Mitchell's tenure as MD of Project Sea Dragon & Executive Director ended after 16.4 years in the role. As of September 2021, Christopher still personally held 11.33m shares (AU$680k worth at the time). Christopher is the only executive to leave the company over the last 12 months. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.011 loss per share (vs AU$0.012 loss in FY 2020) The company reported a poor full year result with weaker revenues, weaker control over costs and no improvement to losses. Full year 2021 results: Revenue: AU$22.4m (down 22% from FY 2020). Net loss: AU$25.8m (flat on FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Aug 17
Seafarms Group Ordinary Shares to Be Deleted from Other OTC Seafarms Group Limited Ordinary Shares will be deleted from Other OTC effective from August 17, 2021, due to Inactive Security. Announcement • Aug 13
Seafarms Group Limited has completed a Follow-on Equity Offering in the amount of AUD 8.716755 million. Seafarms Group Limited has completed a Follow-on Equity Offering in the amount of AUD 8.716755 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 158,486,457
Price\Range: AUD 0.055 Announcement • May 21
Seafarms Group Limited Announces Project Sea Dragon Update Seafarms Group Limited announced continued progress towards construction of PSD, with initial work packages to budget. Project Sea Dragon executes a Project Framework Agreement with Canstruct Pty Ltd: Seafarms announced that Project Sea Dragon and Canstruct have executed a project framework agreement, following the Memorandum of Understanding to appoint Canstruct Pty Ltd. as Managing Contractor as announced to the market in March 2021. The binding framework agreement formalises key commercial matters, governance of the management process, and importantly locks in pricing for an initial package of construction works. The agreement was finalised after agreement was reached on pricing and terms for the initial package of works, which involves five key contracts totaling approximately AUD 78 million. The value of this work is within Project Sea Dragon's budget and, subject to funding, will allow construction activities to commence at its Grow Out Facility in Legune during this dry season (2021). The contract structure and pricing reduces price risk within the key construction packages and reduces the contingency required for the initial works at Legune. Canstruct is sending a small team to Darwin to help with local engagement and ramp up construction. Exmouth/Bynoe: The Exmouth Founder Stock Centre and the Bynoe Core Breeding and Broodstock Maturation centres' design and pricing are well advanced enabling procurement for works to commence once funding is received. Funding will enable construction to start at both of these sites this dry season (2021). These centres are and will be the core focus of Seafarms specific pathogen free (SPF) domestication program. The facility at Bynoe is designed to produce the animals to be delivered to the nursery and production grow out ponds at Legune Station. The aim of Seafarms SFG domestication program is to grow robust animals grown to large sizes that will demand a price premium in the market place. As previously announced Seafarms Farm 3 was for the first time stocked with 80% domesticated fifth generation (G5) animals noting unlike PSD, these animals are not specific pathogen free but resulted from the domestication workstream of the company's Australian Research Council Program, which was announced in June 2014. The recent Farm 3, 2020-21 crop demonstrated the growth rates and crop length to achieve the larger sizes. Moonamang Road Upgrade: Tangible Western Australian Government Support for Project Sea Dragon continues. Seafarms announced that upgrades to the remaining unsealed 7.5 kilometres of Moonamang Road to the border of the Northern Territory recently commenced. Upgrading this section of road significantly de-risks the Project Sea Dragon development. The sealing of Moonamang Road completes the road upgrade from Kununurra to the Legune Station boundary. This sealed road will provide year-round access to and from Legune Station in the Northern Territory, including the location for the farm (grow out ponds) and associated infrastructure of Project Sea Dragon. It will ensure the Company can efficiently move fresh prawns from where they will be grown and harvested at Legune to the planned processing plant near Kununurra all year round. Prawn aquaculture will create a significant new year-round industry in the region and across the north, leading to the creation of 200 to 300 construction jobs and more than 150 jobs once operational. This investment by the Western Australian Government complements the investment by the Northern Territory Government that resulted in 30 kilometres of the Keep River Road being constructed from the WA/NT border to Legune. This upgrade included building two bridges over the Keep River and Sandy Creek and was completed in November 2020 at an estimated cost of over AUD 87 million. This road infrastructure project was sponsored by the Australian and Northern Territory governments. The Western Australian Government has always been a strong supporter of Project Sea Dragon development. Previously announced government support includes: June 2017 - The company secured a significant land package for Project Sea Dragon Processing Plant in Kununurra. The lease includes a land purchase option once certain capital improvements have been made; September 2015 - Project Sea Dragon was awarded Major Project Status by the Western Australian Government. This Major Project Status complemented similar project status action taken both by the Northern Territory and Australian governments and reinforces the national significance of the Project, while acknowledging the significant employment and business opportunities and the significant potential to diversify both the Kimberley's and Northern Territory economies. Reported Earnings • Mar 03
First half 2021 earnings released: AU$0.005 loss per share (vs AU$0.006 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: AU$14.9m (down 31% from 1H 2020). Net loss: AU$12.8m (loss widened 4.5% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 16
Seafarms Group Limited, Annual General Meeting, Dec 15, 2020 Seafarms Group Limited, Annual General Meeting, Dec 15, 2020, at 10:00 W. Australia Standard Time. Agenda: To consider discussion of financial statements and reports; to consider remuneration report; to consider election of directors; to consider additional capacity to issue securities; to consider approval of employee incentive plan;. Reported Earnings • Oct 02
Full year earnings released - AU$0.012 loss per share Over the last 12 months the company has reported total losses of AU$25.5m, with losses narrowing by 19% from the prior year. Total revenue was AU$28.6m over the last 12 months, up 17% from the prior year. 
