Murray Cod Australia reports strong FY25 profit turnaround, asset growth

Murray Cod Australia Limited (MCA) reported a net profit after tax of A$8,558,000 for the year ended 30 June 2025, a substantial increase from the A$(6,219,000) loss in FY24. Revenue from ordinary activities saw a modest rise of 2.6% to A$10,852,000 (FY24: A$10,573,000). The company's net assets grew to A$100,912,627 (FY24: A$91,084,806), driven by an A$8,557,690 increase in retained earnings and a A$972,746 revaluation gain on land, buildings, and water rights.

A highlight for FY25 was a 112% increase in biological stock value to A$67.83m, reflecting successful grow-out operations. EBITDA surged by 808% to A$18.61m, and sales of Murray Cod increased by 8.0% to A$9.58m. The company secured A$43m in funding for strategic capital works and expanded its Stanbridge grow-out facility, with 51 ponds operational and 27 more to be stocked by Spring 2025.

MCA's biomass in grow-out fish at Whitton and Stanbridge increased by 298% to 2,481 tonnes. The company also sold 707,082 Murray cod fingerlings, 325,761 Golden perch fingerlings, and 315,500 Silver perch fingerlings as part of its re-stocking programs.