Seafarms Group narrows annual loss despite steep revenue decline

Seafarms Group Limited reported a loss of A$11,732,479 for the year ended June 30, 2025, a 39% improvement compared to the A$19,312,062 loss in the previous year. This occurred despite a 43% decrease in revenue from ordinary activities, which fell to A$14,565,734 from A$25,508,062. Basic and diluted loss per share both improved to A$(0.24) from A$(0.40).

The company's Queensland aquaculture operations saw a production decrease, yielding 605 metric tonnes of prawns in 2025, down from 1,186 metric tonnes in 2024. This reduction was a response to anticipated weaker market conditions, with Black Tiger prawn production focused on domestic fresh markets and export development. The Project Sea Dragon Pty Limited subsidiary was placed into liquidation on November 1, 2024, contributing to an increase in Net Assets of A$772,945 for the Group following deconsolidation.

Total assets stood at A$18,783,511 (2024: A$32,065,032), while total liabilities were A$15,712,807 (2024: A$17,261,849). The financial statements have not been audited.