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Forbidden Foods Ltd
(Sydney:FFF)
Forbidden Foods Ltd (FFF) vs. iShares MSCI Australia ETF (EWA)
Forbidden Foods Ltd Business Overview & Revenue Model
Forbidden Foods Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.53M | 3.73M | 6.58M | 4.21M | 4.12M | Gross Profit |
| 905.62K | -702.67K | 2.36M | 1.37M | 534.63K | EBIT |
| -2.13M | -3.97M | -3.67M | -2.93M | -1.16M | EBITDA |
| -2.14M | -5.49M | -3.55M | -2.80M | -966.03K | Net Income Common Stockholders |
| -2.33M | -5.56M | -3.68M | -3.46M | -2.35M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 254.73K | 351.99K | 2.30M | 1.15M | 136.31K | Total Assets |
| 2.43M | 2.65M | 7.86M | 4.35M | 2.27M | Total Debt |
| 364.00K | 33.33K | 66.82K | 443.75K | 1.94M | Net Debt |
| 109.27K | -318.65K | -2.23M | -705.31K | 1.80M | Total Liabilities |
| 1.56M | 876.82K | 1.76M | 1.29M | 4.38M | Stockholders Equity |
| 875.19K | 1.77M | 6.11M | 3.06M | -2.11M |
| Cash Flow | Free Cash Flow | |||
| -1.50M | -3.09M | -2.45M | -3.90M | -1.62M | Operating Cash Flow |
| -1.48M | -3.02M | -2.30M | -3.75M | -1.59M | Investing Cash Flow |
| -5.99K | -32.76K | -1.84M | -149.82K | -29.25K | Financing Cash Flow |
| 1.38M | 1.11M | 5.27M | 4.87M | 1.74M |
Forbidden Foods Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $967.11M | 20.28 | 12.66% | 3.97% | 1.90% | -4.00% | |
64 Neutral | $8.82B | 14.56 | 4.78% | 173.92% | 3.50% | 2.20% | |
52 Neutral | AU$653.70M | 362.20 | 0.34% | ― | 64.18% | ― | |
51 Neutral | $873.64M | 25.13 | -0.01% | ― | 15.11% | ― | |
42 Neutral | AU$4.65M | ― | -76.28% | ― | 5.01% | 74.84% | |
32 Underperform | AU$6.41M | ― | ― | 7.02% | -44.64% |
Forbidden Foods Ltd Corporate Events
Forbidden Foods Limited has announced a change of its company name to OMG Group Limited, effective from 26 May 2025, with a new ASX code of OMG. This change reflects the company’s strategic focus on health and wellness foods, aiming to strengthen its market position and align its brand identity with its core offerings.
Forbidden Foods Ltd has announced a proposed issue of 7,500,000 ordinary fully paid securities, with the issuance date set for May 28, 2025. This strategic move is expected to enhance the company’s financial flexibility and support its growth initiatives, potentially strengthening its position in the competitive food industry.
Forbidden Foods Ltd has announced a proposed issue of securities, including 2,857,143 options expiring in September 2027 and 5,714,286 ordinary fully paid shares, set to be issued on May 28, 2025. This move is part of the company’s strategy to strengthen its financial position and potentially enhance its market presence, which could have significant implications for its stakeholders and industry positioning.
Forbidden Foods Ltd has issued 2,978,571 fully paid ordinary shares and 101,428,571 listed options following a placement announced earlier this year. This move, approved at the company’s recent Extraordinary General Meeting, aligns with their compliance with relevant provisions of the Corporations Act, indicating no undisclosed information. This issuance is part of the company’s strategy to strengthen its market position and potentially enhance shareholder value.
Forbidden Foods Ltd has announced the application for quotation of new securities, specifically options expiring on September 25, 2027. This move is part of a previously announced transaction, and the listing of these securities on the ASX is expected to enhance the company’s financial flexibility and market presence, potentially impacting stakeholders positively by providing new investment opportunities.
Forbidden Foods Ltd, a company listed on the Australian Securities Exchange (ASX), has announced the application for quotation of new securities. The company will be quoting 2,978,571 ordinary fully paid shares on May 22, 2025, as part of a previously announced transaction. This move is likely to impact the company’s market presence and shareholder value positively.
Forbidden Foods Limited held an Extraordinary General Meeting on 20 May 2025, where all proposed resolutions were passed by the required majority. The resolutions included ratifications and approvals related to placement shares, options, and changes to the company’s equity incentive plan, indicating a strategic move to enhance company operations and stakeholder value.
Forbidden Foods Ltd reported a significant increase in April sales, with invoiced sales reaching $445,961, marking a 218% increase from the previous year. The company has seen strong growth in its ecommerce sales, particularly for its Blue Dinosaur products, and is well-positioned to exceed $4 million in annual sales following the integration of Oat Milk Goodness. The company is also planning a name change to OMG Group Limited to strengthen its brand position in the FMCG market.
Forbidden Foods Ltd reported significant growth in its Q3 FY25 activities, with net sales reaching $1.1 million, marking a 171% increase from the previous year. The company achieved record monthly net sales in March 2025 and secured a substantial order from Costco Australia, reflecting strong demand for its products. The strategic share placement raised $1 million, facilitating inventory build-out to meet rising demand, and the company is on track for annual post-acquisition sales of over $4 million. Additionally, Forbidden Foods plans to rename itself OMG Group Limited, subject to shareholder approval, and has made key executive appointments to strengthen its leadership.
Forbidden Foods Limited has announced an Extraordinary General Meeting scheduled for May 20, 2025, in Melbourne. Shareholders are encouraged to participate either in person or by proxy, with the option to submit questions in advance. The meeting will address resolutions to be decided by a poll, reflecting the company’s commitment to shareholder engagement and transparent governance.
Forbidden Foods Limited announced the appointment of Timothy John Freeburn as a director effective April 1, 2025. As part of his appointment, Freeburn has an employee agreement to receive 7,000,000 fully paid ordinary shares, subject to shareholder approval, which could potentially impact the company’s governance and share distribution.
Forbidden Foods Limited has announced the cessation of Nathan Quailey as a director, effective April 1, 2025. The company disclosed Quailey’s relevant interests in securities, which include 277,778 ordinary fully paid shares and 277,778 unlisted options with an expiration date of September 24, 2026. This change in directorship may impact the company’s governance structure and could have implications for its strategic direction, although specific details on the potential impact were not provided.
Forbidden Foods Ltd reported a significant increase in net sales for the March quarter, with a 171% rise compared to the previous year, reaching $1.1 million. The growth was driven by strong online sales, particularly for the Blue Dinosaur product range, and a substantial purchase order from Costco. The company’s strategic acquisition of Oat Milk Goodness and successful marketing campaigns have contributed to this upward trajectory, positioning Forbidden Foods as a growing player in the FMCG segment. The company is on track to meet its annual revenue targets and aims to expand its market presence through new product launches and distribution partnerships.
Forbidden Foods Ltd has announced the cessation of being a substantial holder, as indicated in their recent notice. This change, effective from September 26, 2025, marks the end of a voluntary escrow agreement involving 89,722,221 ordinary shares, which were released without any consideration. This development could impact the company’s market positioning and shareholder dynamics, as it alters the distribution of voting securities.
Forbidden Foods Ltd has announced the release of 89,722,221 fully paid ordinary shares from voluntary escrow, effective 26 March 2025. This release is linked to the acquisition of Oat Milk Goodness, completed in September 2024, and does not affect the company’s issued capital, potentially impacting its market positioning by increasing share liquidity.
Forbidden Foods Ltd has announced an increase in the base remuneration for CEO Mr. Aleksic, recognizing his operational performance and personal investment in the company. Since joining in June 2023, Mr. Aleksic has led a successful business restructure, resulting in significant cost savings and demonstrating a strong commitment to the company’s growth strategy. The Board’s decision to raise his salary aligns with industry standards and supports the company’s strategy to enhance revenue growth and net earnings following the acquisition of Oat Milk Goodness.
Forbidden Foods Ltd has secured its third product-ranging agreement with Costco Australia, marking the largest order to date for its Blue Dinosaur ‘Bites’ range valued at $133,000. This order highlights the strong demand for the product, which previously sold out at Costco, and aligns with Costco’s bulk-buy retail model. The agreement is part of Forbidden Foods’ strategy to expand its distribution footprint and follows the strategic acquisition of OMG, contributing to a significant increase in year-to-date net sales.
Forbidden Foods Ltd has reported a significant increase in sales for the first two months of 2025, with a 147% rise compared to the same period last year. This growth is attributed to the strategic acquisition of Oat Milk Goodness and the implementation of a multi-brand strategy, which has expanded the company’s product range and distribution network. The company is actively engaging in discussions with major Australian retailers to further broaden its market footprint, while targeted marketing campaigns and new product stocking arrangements are expected to drive continued growth.
Forbidden Foods Ltd has experienced a change in the interests of its substantial holder, Anthony Edwin Adams, and his controlled entities. The voting power of the substantial holder has decreased from 15.90% to 14.56% due to a dilution of voting power following the issuance of new shares. This change reflects various on-market and off-market trades, as well as participation in a placement, impacting the company’s shareholder structure.
Forbidden Foods Ltd has reported a significant 18.5% increase in revenue for the first half of FY2025, driven by the strategic acquisition of Oat Milk Goodness (OMG) and the implementation of a multi-brand strategy. The company has achieved substantial cost savings through employee and operational efficiencies, positioning itself for improved profitability and cash flow. The launch of new products, including Coffee ‘PrOATein’, and strategic partnerships, such as the sponsorship of the Melbourne Mavericks Netball team, are expected to further enhance brand visibility and market penetration.
Forbidden Foods Limited reported an 18.5% increase in revenue for the half-year ended 31 December 2024, reaching $1,733,741. Despite this growth, the company recorded a loss of $899,687, a 17.1% improvement from the previous period. The acquisition of Good Oats Pty Ltd signifies a strategic expansion into the plant-based milk sector, potentially enhancing the company’s market positioning and product portfolio.
Forbidden Foods Limited has announced a change in the interests of a substantial holder, DJR 29 PTY LTD, due to dilution. This change affects the voting power of the substantial holder, decreasing from 6.37% to 5.12%, which may impact the company’s shareholder dynamics and influence within the company.
Forbidden Foods Limited has responded to an ASX price query regarding the recent increase in its share price and trading volume. The company stated that it is not aware of any undisclosed information that could explain the trading activity. It highlighted a recent successful capital raising of $1 million and noted strong support from a major shareholder. The company confirmed its compliance with ASX listing rules and that its board has authorized the responses.
Forbidden Foods Limited has announced a change in the substantial holding of its voting shares. DJR 29 PTY LTD, through the DJR Investment Trust, now holds a 5.12% voting power in the company due to a dilution event. This change may impact the company’s governance and influence the decision-making process, potentially affecting stakeholders’ interests.