Murray Cod Australia’s Profit Jumps 238% as Biomass and Exports Expand

Financial Turnaround and Growth

Murray Cod Australia Limited (MCA) has delivered a striking financial turnaround for the year ended 30 June 2025, posting a net profit after tax of $8.56 million. This represents a 238% increase from the prior year’s loss of $6.22 million, marking a significant milestone in the company’s evolution from growth investment to commercialisation and cash generation.

The company’s revenue rose modestly by 2.6% to $10.85 million, reflecting steady sales growth alongside the maturation of its biological assets. MCA’s EBITDA surged by over 800%, underscoring improved operational efficiency and scale.

Operational Expansion and Biomass Growth

A key driver of MCA’s progress was the completion and stocking of the Stanbridge grow-out facility, the company’s largest and most technologically advanced site to date. This facility, featuring state-of-the-art recirculating aquaculture systems and water treatment technologies, has significantly increased production capacity and enabled more consistent harvest planning.

Biological stock value more than doubled, reaching $67.83 million, supported by a 198% year-on-year increase in biomass to 2,481 tonnes of grow-out fish. This growth was aided by favourable weather conditions, improved feeding strategies, and the expansion of stocked ponds at Stanbridge and Whitton sites.

Market Development and Export Expansion

MCA pursued a pragmatic domestic-first strategy, strengthening brand visibility and sales within Australia’s premium food channels, including top-tier restaurants and boutique seafood retailers. This approach aims to build brand loyalty and operational credibility before accelerating international expansion.

On the export front, MCA expanded its footprint to six Southeast Asian regions, Indonesia, Hong Kong, Maldives, Singapore, Thailand, and Vietnam, where early orders and strong interest validate the global appeal of its premium Aquna Sustainable Murray Cod brand. Investments in export readiness, including enhanced processing and compliance with international standards, position MCA well for further market penetration.

Sustainability and Innovation

Continuing its commitment to sustainability, MCA advanced selective breeding programs in partnership with CSIRO, aiming to improve growth rates and fish health. The company also invested in sustainable feed development, waste management, and water recycling initiatives, reinforcing its position as a leader in environmentally responsible aquaculture.

These efforts align with MCA’s vision to deliver premium Australian seafood with minimal environmental impact, supported by strong community engagement and rigorous biosecurity protocols.

Capital Management and Outlook

To support its growth trajectory, MCA secured a $43 million funding facility from Westpac Banking Corporation, refinancing previous debt and enabling strategic capital works, including site expansions and infrastructure upgrades.

Looking ahead, MCA plans to fully utilise the Australian market to solidify brand credibility, while selectively expanding exports. Operational excellence and innovation remain central to scaling production and meeting rising demand.

With a robust asset base, increasing harvest volumes, and a clear strategic roadmap, MCA is poised to convert its biological assets into sustained cash flow and shareholder value.