Clean Seas Seafood Limited ( (AU:CSS) ) has provided an announcement.
Clean Seas Seafood Limited reported a significant statutory loss of $32.6 million for the first half of FY25, primarily due to higher-than-expected mortalities in the Year Class 24 cohort of fish, resulting in a $14.1 million loss on biological assets. Despite a 10.4% drop in revenue to $30.5 million, the company saw improvements in operating and free cash flows, reflecting strong pricing and efficiency gains. The company also received a non-binding merger proposal from Yumbah Aquaculture Ltd, which is under consideration by an Independent Board Committee, highlighting potential strategic shifts in the company’s future.
More about Clean Seas Seafood Limited
Clean Seas Seafood Limited is an Australian aquaculture company listed on the Australian Securities Exchange and Euronext Growth Oslo. It is a global leader in the full cycle breeding, farming, processing, and marketing of Yellowtail Kingfish, known for its exceptional quality and sustainable farming practices. The company is recognized for its innovation and is the largest producer of aquaculture Yellowtail Kingfish outside Japan.
Average Trading Volume: 52,122
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $17.14M
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