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Barramundi Group (BARRA) investor relations material

Barramundi Group H1 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2024 earnings summary29 Aug, 2025

Executive summary

  • Revenue for 1H 2024 was $7.27 million, down from $9.32 million in 1H 2023, reflecting a significant decline in sales.

  • Net loss for 1H 2024 was $3.78 million, a reduction from the $12.14 million loss in 1H 2023, mainly due to discontinued operations in the prior period.

  • Total comprehensive loss for 1H 2024 was $3.76 million, compared to $11.27 million in 1H 2023.

Financial highlights

  • Gross margin pressure evident as raw materials and consumables costs decreased to $5.40 million from $6.88 million year-over-year.

  • Administrative expenses fell to $1.56 million from $2.22 million, and distribution expenses to $0.58 million from $0.73 million.

  • Cash and cash equivalents declined to $1.87 million as of 30 June 2024, from $3.57 million at year-end 2023.

  • Net cash from operating activities was $0.47 million, but overall cash decreased due to investing and financing outflows.

Outlook and guidance

  • The company is undergoing a court-approved Scheme of Arrangement as of July 2025 to restructure its debts and operations.

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Frequently asked questions

Barramundi Group is a global aquaculture company specializing in the sustainable farming of barramundi, a premium white fish. The company operates a fully integrated value chain, covering areas from genetics and fish health to farming, processing, and product distribution. With ocean farms in locations such as Australia, Singapore, and Brunei, Barramundi Group leverages advanced aquaculture technology to deliver responsibly raised fish to consumers worldwide. Barramundi Group is headquartered in Singapore, and its shares are listed on the Oslo Stock Exchange.

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