Murray Cod Australia reports strong Q1 sales, expands market reach

Murray Cod Australia Ltd (MCA) reported robust financial and operational growth for Q1 FY26, with receipts from customers increasing by 30% and total sales up 45% over the prior corresponding period. The company successfully completed a AUD17 million capital raising from institutional investors and achieved Halal certification, opening new access to Middle Eastern markets. International sales saw strong momentum, with Hong Kong and Singapore growing 65% and 138% respectively compared to Q4 FY25.

The first stage of Woolworths retail expansion doubled MCA's footprint from 67 to 134 selected stores across NSW and Victoria, with deliveries commencing last week. Distribution through PFD Foods has also begun, supporting the expanded retail network. Production capacity expanded with stocking commenced at the Stanbridge site across 27 ponds, aiming for full stocking by Q3 FY26, and upgrades to hatchery facilities were completed.

Katherine Bryar was appointed chief sales and marketing officer to drive further market penetration. The BAP sustainability audit was completed, with final certification anticipated in Q2 FY26, which will unlock supply opportunities with institutional buyers requiring recognized sustainability credentials. At the end of the quarter, net cash used in operating activities was AUD6,413 thousand, with cash and cash equivalents at AUD3,320 thousand.