Murray Cod Australia (MCA) H2 2025 earnings summary

Executive summary

• Achieved a net profit after tax of $8.56 million for FY25, reversing a prior year loss of $6.22 million, driven by strong operational execution and increased sales of premium Murray cod.

• Revenue from ordinary activities rose 2.6% year-over-year to $10.85 million, with EBITDA surging 808% to $18.61 million.

• Biological stock value more than doubled to $67.83 million, reflecting significant investment in biomass and infrastructure.

• Major expansion at the Stanbridge site increased production capacity, supporting future growth and consistent supply.

• No dividends were paid or recommended for the year.

Financial highlights

• Revenue increased 2.6% year-over-year to $10.85 million.

• Net profit after tax was $8.56 million, up from a $6.22 million loss in FY24.

• EBITDA reached $18.61 million, up 808% from the previous year.

• Net tangible assets per share rose to $0.97 from $0.08.

• Biological asset value increased by $35.78 million to $67.83 million.

Outlook and guidance

• Focus on converting increased biomass into cash through expanded sales and marketing efforts.

• Continued investment in operational capacity and infrastructure to support scaling production.

• Strategic emphasis on domestic market strength before accelerating international expansion.

• Anticipated further growth in export markets, particularly in Asia, the Middle East, North America, and Europe.