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Forbidden Foods Ltd (AU:OMG)
ASX:OMG
Australian Market

Forbidden Foods Ltd (OMG) AI Stock Analysis

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AU:OMG

Forbidden Foods Ltd

(Sydney:OMG)

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Neutral 42 (OpenAI - 4o)
Rating:42Neutral
Price Target:
Forbidden Foods Ltd faces considerable financial challenges, with declining revenues and ongoing net losses being major concerns. The stock shows limited technical momentum and a poor valuation due to negative earnings and lack of dividends. These factors create a challenging environment for potential investors, highlighting the need for the company to stabilize its financial health and profitability.

Forbidden Foods Ltd (OMG) vs. iShares MSCI Australia ETF (EWA)

Forbidden Foods Ltd Business Overview & Revenue Model

Company DescriptionOMG Group Limited, is a food and milk beverage company, focusing on the health and wellness markets under the Blue Dinosaur brand name in Australia and New Zealand, the United States, the Middle East, and Europe. It serves the food and beverage industry, operating in retail, food service, food manufacturing, snacking and quick service stores. The company sells its products through e-commerce, retailers, and physical stores. The company was formerly known as Forbidden Foods Limited and changed its name to OMG Group Limited in May 2025. OMG Group Limited was founded in 2010 and is based in Sydney, Australia.
How the Company Makes MoneyForbidden Foods Ltd generates revenue primarily through the sale of its diverse range of food products. The company capitalizes on the increasing consumer shift towards healthier and sustainable food choices by offering high-quality, plant-based and organic products. Key revenue streams include retail sales through supermarkets and specialty health food stores, as well as online sales channels. Significant partnerships with distributors and retailers enhance market reach and facilitate growth. The company also benefits from private label manufacturing and strategic collaborations that expand its product portfolio and market presence.

Forbidden Foods Ltd Financial Statement Overview

Summary
Forbidden Foods Ltd is facing significant financial challenges with declining revenues, ongoing net losses, and negative cash flows. While there are some improvements in gross profit margin and equity rebuilding, the company struggles with profitability and cash generation. The reliance on external financing poses a risk to its financial stability. Efforts to improve cost management are evident, but achieving sustainable growth and profitability remains crucial.
Income Statement
45
Neutral
Forbidden Foods Ltd has experienced a significant decline in revenue, dropping from $6.58 million in 2022 to $2.53 million in 2024, indicating a negative growth trend. Gross profit margin has improved from negative in 2023 to positive in 2024, reflecting better cost management. However, the company remains unprofitable with a negative net profit margin and EBIT margin, highlighting ongoing challenges in achieving profitability.
Balance Sheet
50
Neutral
The company's debt-to-equity ratio remains low due to a decrease in total debt, indicating lower financial leverage. However, the return on equity is negative due to the persistent net losses, and the equity ratio has significantly declined, reflecting reduced financial stability. The improvement in stockholders' equity from a negative position in 2020 to a positive in 2024 shows some progress in rebuilding equity.
Cash Flow
40
Negative
Operating cash flow remains negative, although improved in 2024 compared to previous periods. The free cash flow is negative, reflecting ongoing cash burn and challenges in generating cash from operations. Financing cash flow remains positive, indicating reliance on external funding to support operations and investments.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.53M3.73M6.58M4.21M4.12M
Gross Profit905.62K-702.67K2.36M1.37M534.63K
EBITDA-2.14M-5.49M-3.55M-2.80M-966.03K
Net Income-2.33M-5.56M-3.68M-3.46M-2.35M
Balance Sheet
Total Assets2.43M2.65M7.86M4.35M2.27M
Cash, Cash Equivalents and Short-Term Investments254.73K351.99K2.30M1.15M136.31K
Total Debt364.00K33.33K66.82K443.75K1.94M
Total Liabilities1.56M876.82K1.76M1.29M4.38M
Stockholders Equity875.19K1.77M6.11M3.06M-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 Flow1.38M1.11M5.27M4.87M1.74M

Forbidden Foods Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
43
Neutral
AU$7.33M-0.67-21.84%79.99%
42
Neutral
AU$7.54M-2.78-77.48%63.30%70.00%
38
Underperform
AU$1.94M-0.49-115.03%24.70%-312.00%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:OMG
Forbidden Foods Ltd
0.01
0.00
0.00%
AU:NGS
Nutritional Growth Solutions Ltd.
0.02
>-0.01
-26.67%
AU:TFL
TasFoods Limited
0.01
0.00
0.00%

Forbidden Foods Ltd Corporate Events

OMG Group Limited Announces Change in Director’s Interest
Dec 11, 2025

OMG Group Limited has announced a change in the director’s interest, specifically involving Alexander Aleksic. The change involves the expiry of 2,250,000 unlisted options, which were previously held indirectly through associated entities. This update reflects a reduction in Aleksic’s indirect holdings, potentially impacting his influence or financial stake within the company.

OMG Group Limited Issues New Shares to Enhance Market Position
Dec 9, 2025

OMG Group Limited has issued 7,500,000 fully paid ordinary shares at $0.01 per share without disclosure to investors under specific provisions of the Corporations Act. This strategic move aligns with the company’s compliance with regulatory requirements and aims to strengthen its financial position, potentially impacting its market presence and stakeholder interests.

OMG Group Expands Distribution with Metro Petroleum Deal
Dec 8, 2025

OMG Group Ltd has secured a new distribution agreement with Metro Petroleum to stock Blue Dinosaur protein bars in 300 stores, primarily in New South Wales. This agreement is part of OMG Group’s strategy to diversify its distribution network, complementing recent expansions with other retailers like Woolworths and 7-Eleven. The deal is expected to boost sales during the high-demand December-January period, leveraging the company’s successful marketing campaigns and record sales momentum.

OMG Group Limited to Quote 7.5 Million New Securities on ASX
Dec 8, 2025

OMG Group Limited has announced a new application for the quotation of 7,500,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), with the issue date set for December 10, 2025. This move is part of a previously announced transaction, indicating a strategic step to enhance the company’s market presence and potentially increase its shareholder base.

OMG Group Limited Announces Cessation of Securities
Dec 8, 2025

OMG Group Limited has announced the cessation of a significant number of its securities, specifically 51,680,000 options that expired without being exercised or converted. This development may impact the company’s capital structure and could have implications for its market positioning and stakeholder interests.

OMG Group Limited Announces Proposed Securities Issuance
Dec 5, 2025

OMG Group Limited has announced a proposed issuance of 7.5 million ordinary fully paid securities, with a planned issue date of December 10, 2025. This move is part of a placement or other type of issue, and the company has applied for these securities to be quoted on the ASX. This issuance could potentially impact the company’s market positioning by increasing its capital base, which may be used for future growth opportunities or operational needs.

OMG Group Director Increases Shareholding
Nov 26, 2025

OMG Group Limited has announced a change in the director’s interest, specifically involving Alexander Aleksic. The company disclosed that Aleksic acquired 2,250,000 fully paid ordinary shares at a total consideration of $24,750, increasing his total holdings to 20,191,695 ordinary shares. This acquisition reflects an on-market purchase, indicating a potential increase in confidence or strategic positioning by the director within the company.

OMG Group Limited to Quote 1 Million New Securities on ASX
Nov 20, 2025

OMG Group Limited has announced the application for the quotation of 1,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction and is expected to enhance the company’s market presence by increasing its available securities for trading, potentially attracting more investors and improving liquidity.

OMG Group Secures Exclusive Distribution Deal with Japanese Matcha Producer
Nov 18, 2025

OMG Group Ltd has secured an exclusive five-year distribution agreement with SANDAI, a premium Japanese matcha producer. This strategic partnership positions OMG as a leading distributor of ceremonial-grade matcha in Australia, unlocking high-margin sales opportunities and expanding its product portfolio. The agreement allows OMG to supply 350,000kg of matcha annually, tapping into the growing global matcha market, which is projected to reach US$7.43 billion by 2030. The company plans to integrate SANDAI matcha into new product launches and capitalize on its existing distribution networks, enhancing its market presence and profitability.

OMG Group Limited Announces Proposed Securities Issue
Nov 18, 2025

OMG Group Limited has announced a proposed issue of up to 1,000,000 ordinary fully paid securities. This move, scheduled for November 21, 2025, is part of a placement or other type of issue aimed at enhancing the company’s financial positioning. The announcement indicates a strategic effort to potentially increase liquidity and investor interest, which could impact the company’s market presence and stakeholder engagement.

OMG Group Limited Announces Director’s Acquisition of Performance Rights
Nov 10, 2025

OMG Group Limited has announced a change in the interests of its director, Alexander Aleksic, involving the acquisition of 25,000,000 Performance Rights under the Equity Incentive Plan. This move, approved by shareholders, reflects the company’s strategy to align director interests with corporate performance, potentially impacting the company’s governance and shareholder value.

OMG Group Expands Share Issuance to Enhance Market Position
Nov 7, 2025

OMG Group Limited has issued a total of 43,301,277 fully paid ordinary shares and 140,000,000 listed options as part of a placement and other agreements, including shares issued to a director and for ambassador services. This issuance, conducted without disclosure under Part 6D.2 of the Corporations Act, reflects the company’s compliance with relevant legal provisions and indicates no undisclosed information, potentially impacting its market operations and stakeholder relations.

OMG Group Limited Issues New Performance Rights
Nov 7, 2025

OMG Group Limited has announced the issuance of unquoted equity securities in the form of Class A, B, C, and D Performance Rights, each expiring on November 7, 2028. This move, involving a total of 74 million performance rights, is part of an employee incentive scheme and is not intended to be quoted on the ASX. The issuance of these performance rights is likely aimed at aligning employee interests with company performance, potentially enhancing motivation and retention, which could positively impact the company’s operational efficiency and market competitiveness.

OMG Group Limited Announces Quotation of New Securities
Nov 5, 2025

OMG Group Limited, a company listed on the Australian Securities Exchange (ASX), has announced the quotation of 2.5 million ordinary fully paid securities. This move is part of a transaction previously announced to the market, indicating a strategic step in the company’s financial operations and potentially impacting its market positioning.

OMG Group Limited Announces Quotation of New Securities
Nov 5, 2025

OMG Group Limited has announced the quotation of 3,500,000 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, indicating the company’s efforts to motivate and retain its workforce. The issuance of these securities is expected to enhance the company’s market presence and potentially increase its attractiveness to investors.

OMG Group Limited Announces New Securities Quotation
Nov 5, 2025

OMG Group Limited has announced the quotation of new securities on the Australian Securities Exchange (ASX). The company is issuing 37,301,277 ordinary fully paid shares and 140,000,000 options expiring on September 25, 2027. This move is part of a previously announced transaction, potentially impacting the company’s market position by increasing its capital and possibly enhancing its liquidity.

OMG Group Limited Announces Proposed Issue of 2.5 Million Securities
Nov 3, 2025

OMG Group Limited, identified by the ASX issuer code OMG, has announced a proposed issue of 2,500,000 ordinary fully paid securities, with the issue date set for November 7, 2025. This move is aimed at raising capital through a placement or other type of issue, potentially impacting the company’s financial standing and market operations.

OMG Group Reports Strong Q1 FY26 with Strategic Retail Expansion
Oct 29, 2025

OMG Group Ltd reported a strong Q1 FY26 performance with cash receipts of $1.17 million, marking its fourth consecutive quarter above $1 million and a 56% increase from the previous year. The company expanded its product range significantly, securing distribution agreements with Woolworths and 7-Eleven, which are expected to drive further sales growth. The company also raised $2 million to support inventory and marketing initiatives, positioning itself for increased demand during the summer sales period. With strategic marketing campaigns and expanded retail presence, OMG Group is poised for continued growth in the December quarter.

OMG Group Enhances Supply Chain with Shiperoo Integration
Oct 13, 2025

OMG Group Ltd has optimized its supply chain by integrating with Shiperoo, a leading Australian fulfillment and logistics partner, to meet increasing demand from major retailers and ecommerce channels. This integration, which includes automated fulfillment hubs, is expected to enhance scalability, reduce costs, and improve customer experience, supporting OMG Group’s strategic plan to achieve cashflow break-even in FY26. The move comes after a strong Q1 FY26 sales growth, marking a significant step in strengthening the company’s operational capabilities and positioning it for future growth.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 08, 2025