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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.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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