Sea Forest Surpasses Breakeven with 118,000 Cattle Committed to SeaFeed™

Strong Commercial Momentum Post-IPO

Sea Forest Limited (ASX – SEA) has reported a robust second quarter following its November 2025 IPO, with sales of its flagship livestock feed additive, SeaFeed™, accelerating well beyond expectations. The company announced commitments for over 118,000 head of cattle to be supplemented with SeaFeed™, surpassing its breakeven target ahead of schedule. This milestone signals strong market acceptance of SeaFeed™, which is designed to reduce methane emissions from ruminant livestock while enhancing productivity.

Financially, Sea Forest recorded a 422% increase in revenue from SeaFeed™ sales compared to the previous quarter, reaching $587,000. Despite net cash outflows from operating activities of $1.9 million, this represented a 22% reduction from the prior quarter, reflecting effective cost management strategies implemented ahead of the IPO. The company’s liquidity remains strong, with $9.8 million in cash and an additional $19 million held in term deposits, providing a solid foundation for ongoing growth and commercialisation efforts.

Strategic Partnerships and Market Expansion

Sea Forest has secured a multi-year commercial-scale trial agreement with Woolworths Group, Teys Australia, and DIT AgTech to extend SeaFeed™ into grass-fed cattle systems in New South Wales. This trial will assess SeaFeed’s™ impact on productivity metrics such as weight gain and feed efficiency, alongside its established methane reduction benefits. The involvement of DIT AgTech’s uDOSE™ technology for water-delivered supplementation and Teys Australia’s supply-chain expertise underscores the collaborative approach to scaling SeaFeed™ adoption.

In addition to domestic growth, Sea Forest has expanded its international footprint through strategic partnerships in South America and Japan. The agreement with Belterra Agroflorestas opens access to Brazil’s vast livestock market, while a three-year deal with Oisix Ra Daichi Inc. grants exclusive manufacturing and distribution rights in Japan. These moves position Sea Forest to capitalise on global demand for sustainable livestock solutions.

Infrastructure and Sustainability Credentials

To support its expanding commercial operations, Sea Forest is establishing its first regional mixing and distribution centre in Newcastle, NSW, expected to be operational by the fourth quarter of 2026. This facility aims to improve logistics efficiency, reduce costs, and enable more timely delivery of SeaFeed™ to customers.

Further cementing its sustainability credentials, Sea Forest was appointed to the Global Roundtable for Sustainable Beef (GRSB), a prestigious international initiative focused on reducing the environmental footprint of beef production. Membership in this group aligns Sea Forest with leading global stakeholders committed to measurable climate action and animal welfare improvements.

Looking Ahead

CEO Sam Elsom highlighted the company’s strong momentum and clear growth pathway, emphasising the importance of the recent commercial agreements and infrastructure investments. Sea Forest is set to release its half-year results in late February 2026, which will provide further insight into the financial and operational progress of the company as it accelerates the commercialisation of SeaFeed™.