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The latest announcement is out from Sea Forest Limited ( (AU:SEA) ).
Sea Forest reported a sharp acceleration in commercial traction for its SeaFeed™ methane-reducing cattle supplement in the December quarter, with SeaFeed™ sales revenue rising 422% quarter-on-quarter to $587,000 and supply agreements now covering 118,000 head of cattle. Supported by a post‑IPO liquidity position of $28.9 million and reduced operating cash outflows, the company is investing in growth via a multi‑year grass-fed cattle trial with Woolworths Group, Teys Australia and DIT AgTech in New South Wales, construction of its first regional mixing and distribution centre in Newcastle to lower logistics costs and improve delivery efficiency, and international expansion through a partnership with Brazil’s Belterra Agroflorestas. Its appointment to the Global Roundtable for Sustainable Beef further strengthens Sea Forest’s sustainability credentials and industry profile, potentially accelerating broader adoption of SeaFeed™ across the global beef value chain.
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 (ASX: SEA) is an Australian agritech company focused on reducing livestock methane emissions through its SeaFeed™ product, a seaweed-based feed supplement for cattle. The company targets both feedlot and grass-fed beef producers domestically and abroad, positioning itself at the intersection of sustainable agriculture, climate-focused technologies and the premium beef supply chain.
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Learn more about SEA stock on TipRanks’ Stock Analysis page.