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Pure Foods Tasmania Ltd. ( (AU:PFT) ) just unveiled an update.
Pure Foods Tasmania has begun contract manufacturing for Sydney-based smoked seafood producer Brilliant Food Australia at its Woodbridge Smokehouse facility in southern Tasmania, using existing infrastructure and workforce to drive better economies of scale and a meaningful revenue uplift compared with FY25. The agreement, based on a cost-plus pricing model to support cost recovery and margin discipline, involves Brilliant Food relocating production from Sydney, creating at least four new skilled regional jobs, and committing to a $100,000 equity placement to fund working capital and support the production ramp-up, thereby aligning both companies’ long-term interests and reinforcing Tasmania’s role as a high-quality food production hub.
The most recent analyst rating on (AU:PFT) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Pure Foods Tasmania Ltd. stock, see the AU:PFT Stock Forecast page.
More about Pure Foods Tasmania Ltd.
Pure Foods Tasmania Ltd is an Australian premium food producer focused on value-added products, including smoked seafood, operating manufacturing facilities such as the Woodbridge Smokehouse in southern Tasmania. The company targets hospitality, specialty retail and gourmet food channels, with a strategy centred on improving asset utilisation, operational efficiency and sustainable, profitable revenue growth across its manufacturing footprint.
Average Trading Volume: 87,404
Technical Sentiment Signal: Hold
Current Market Cap: A$10.88M
For detailed information about PFT stock, go to TipRanks’ Stock Analysis page.