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Seafarms Group Limited ( (AU:SFG) ) has shared an announcement.
Seafarms Group Limited provided an update at its Annual General Meeting, highlighting key developments and operational performance for FY25. The company completed the sale and lease extension of Farms 1 and 2, faced mixed operational results due to severe weather, and reported a financial loss of $11.7 million with reduced production. Despite challenges, international demand for Black Tiger prawns remains strong, and financial support from Avatar Industries has been increased. The company is advancing Project Sea Dragon, having reached an agreement to acquire its assets from liquidation, with ongoing stakeholder engagement and positive sentiment from potential funding partners.
More about Seafarms Group Limited
Seafarms Group Limited is a sustainable aquaculture company known for producing premium Crystal Bay® Prawns and is actively developing the Project Sea Dragon prawn aquaculture project in northern Australia.
Current Market Cap: A$12.09M
Learn more about SFG stock on TipRanks’ Stock Analysis page.