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An update from Sea Forest Limited ( (AU:SEA) ) is now available.
Sea Forest reported a 236% jump in SeaFeed revenue to A$796,000 for the first half of FY26, driven by increased customer adoption and commercial rollout, while the number of cattle under agreement climbed to 118,000 head, exceeding its breakeven target. Despite an underlying EBITDA loss of A$2.0 million and higher operating expenses, the company maintains a strong balance sheet with A$29 million in cash and is investing in new mixing and distribution infrastructure, expanded delivery formats, and international partnerships, positioning it for broader penetration of the 30 million-head Australian grazing segment and key global livestock markets.
Operational progress included a new agreement with Providore Global, a multi-year collaboration with Woolworths Group, Teys Australia and DIT AgTech to access the grazing market, and entry into South America via Belterra and a manufacturing and distribution partnership in Japan. Sea Forest is also advancing R&D on additional SeaFeed delivery systems and aquaculture applications, with trials showing material growth benefits in fish, supporting its strategy to scale product commercialisation and expand its total addressable market both domestically and overseas.
The most recent analyst rating on (AU:SEA) stock is a Buy with a A$3.05 price target. To see the full list of analyst forecasts on Sea Forest Limited stock, see the AU:SEA Stock Forecast page.
More about Sea Forest Limited
Sea Forest Limited is an Australian agritech company focused on methane-reducing livestock feed additives, led by its SeaFeed product for cattle and aquaculture. Listed on the ASX under ticker SEA, the company targets both domestic feedlot and grazing markets, as well as international livestock and aquaculture sectors including South America and Japan.
Average Trading Volume: 86,966
For detailed information about SEA stock, go to TipRanks’ Stock Analysis page.