OMG Group lifts sales 44% as Woolworths deal and matcha push set up key growth phase

Forbidden Foods Ltd ( (AU:OMG) ) just unveiled an update.

OMG Group reported strong growth in the March quarter, with net sales up 44% year-on-year to about $1.6 million and year-to-date sales reaching $4.7 million, taking moving annual turnover to roughly $6 million for the first time. Despite a reported operating cash outflow of $637,000, management highlighted a normalised outflow of $244,000 after adjusting for one-off inventory, marketing and legal costs, and said the company is showing improving operating leverage and a pathway toward cash flow breakeven.

Operationally, the group secured national ranging in all 943 Woolworths stores for three new Oat Milk Goodness PrOATein flavours, launched its Omura Matcha and Matcha Mode brands under a five-year supply deal, and appointed Food & Dairy Co as its first dedicated matcha distributor, while also validating its ingredient-supply model via a collaboration with The Little Marionette. With a cash balance of about $1.6 million, total available funding of $2.1 million and the appointment of cricketer Steve Smith as a non-executive director to bolster brand reach, OMG Group enters what it calls a key execution phase, with multiple near-term revenue catalysts from retail rollouts and expanding food-service channels.

More about Forbidden Foods Ltd

OMG Group Limited is an Australian fast-moving consumer goods company focused on plant-based beverages and matcha products, with distribution across grocery, food service, petrol and convenience, and ecommerce channels. Its portfolio includes Oat Milk Goodness PrOATein oat milks and a dual-brand matcha platform, positioned through both retail ranging and ingredient supply partnerships to cafes and restaurants.

Technical Sentiment Signal: Sell

Current Market Cap: A$7.57M

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