Slide 1: FY26 Results
FY26 Results 28 August 2026 1
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation has been prepared by Sea Forest Limited (ABN 46 631 662 283) (Company). Statements in this presentation are made only as at 28 August 2026 and the information in this presentation (Information) remains subject to change without notice. No responsibilit
Slide 3: Acknowledgement of Country
Acknowledgement of Country We acknowledge the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander People. 3
Slide 4: Agenda
Agenda 1. Results highlights 2. Financials 3. Strategy & Outlook 4. Q&A 5. Appendix Sam Elsom Teresa Garces Managing Director, CEO Chief Financial Officer and Co-Founder 4
Slide 5: Sea Forest's mission is to combat climate change through the mitigation of livestock methane
Sea Forest’s mission is to combat climate change through the mitigation of livestock methane whilst supporting livestock productivity 5
Slide 6: Results Highlights
Results Highlights Sam Elsom (CEO)
Slide 7: FY26 Financial Highlights (unaudited, preliminary results)
FY26 Financial Highlights (unaudited, preliminary results) Improved underlying EBITDA, reflecting strong revenue growth and continued demand for SeaFeed $5.0m $(4.7)m $(3.1)m SeaFeed Revenue EBITDA¹ Underlying EBITDA² IPO and ASX Listing Up 486% Improved 44% Improved 50% • Listed and commenced tradi
Slide 8: FY26 Operating Highlights
FY26 Operating Highlights Strong execution of strategy and continued commercial momentum across domestic and international markets Domestic market International market • New customer agreements: 131,000 feedlot cattle and an additional 198,000 • Strategic partnership with Belterra Agroflorestas catt
Slide 9: Financials
Financials Teresa Garces (CFO)
Slide 10: P&L Statement
P&L Statement Highlights: Unaudited • SeaFeed up 486% on pcp, reflecting continued For the period ended 30 June 2026 growth in demand and supplementation volumes A$m FY26 FY251 Change (%) across customer base Product revenue 4.98 0.85 486 • FY25 product revenue included oyster spat Other income 3.47
Slide 11: Balance Sheet
Balance Sheet Unaudited For the period ended 30 June 2026 Highlights: A$m 30-Jun-26 30-Jun-251 Cash and cash equivalents 12.64 12.62 • IPO raised $20.50m before capital raising costs, with Cash on deposit 15.11 - $15.11m placed in term deposits, resulting in total Trade and other receivables 3.91 2.
Slide 12: Cash Flow
Cash Flow Highlights: Unaudited For the period ended 30 June 2026 • Customer receipts up 260% on pcp, reflecting A$m FY26 FY251 Change (%) continued commercial scale-up Cash flows from operating activities • Operating cash outflows improved 22% on pcp, Receipts from customers¹ 3.89 1.08 260 includin
Slide 13: Strategy & Outlook
Strategy & Outlook Sam Elsom (CEO)
Slide 14: Significant Market Opportunity
Significant Market Opportunity Global livestock feed supplement market to reach $90.7 billion in 2032 Key Market Drivers Over 3 billion livestock globally2 $90.7 Increasing demand for animal-based proteins CAGR: 5.7% driven by population growth and shifting consumer preferences toward more susta
Slide 15: Growth Strategy
Growth Strategy Building Australia market leadership while expanding globally Horizon 1 Horizon 2 Horizon 3 Sea Forest’s growth strategy is focused on: Product innovation, including Leading the Australian livestock feed additive SeaFeed Sustain & Hybrid Global expansion through market through
Slide 16: Path to Market Achieved
Path to Market Achieved Initial Trials Jurisdiction Head of Cattle Regulatory Approval In Market Discussions Commenced Australia 30.0 million1 Africa 49 million2 Sea Forest has applied United Kingdom 9.4 million3 for regulatory approval Sea Forest has applied European Union 72.0 million4 for regulat
Slide 17: Outlook
Outlook • Continuing to strengthen production capability and distribution network both domestically and internationally • Progressing regulatory approvals and customer trials across priority international jurisdictions o Advanced discussions underway with potential customers in South Africa • R&D te
Slide 18: Q&A
Q&A =C-SEA Z=FOREST
Slide 19: Thank you
Thank you CONTACT: Aileen Bodart +61 432 160 136 aileen.bodart@sodali.com
Slide 20: Appendix
Appendix =C-SEA Z=FOREST
Slide 21: Benefits of SeaFeed
Benefits of SeaFeedTM Rumen disruption is profitable for producers, processors, brands and retailers and essential for achieving enteric methane abatement Key Benefits The SeaFeedTM product is: 6% $0.74 80% Value Generating For producers, processors, brands and retailers delivering $0.74 value creat
Slide 22: The Science Behind SeaFeed
The Science Behind SeaFeedTM Including SeaFeedTM into ruminant feed prevents hydrogen and carbon dioxide molecules combining in the rumen to form enteric methane (CH4), improving feed efficiency, boosting productivity and reducing methane emissions 1 When a cow eats grass or other 3 SeaFeedTM preven
Slide 23: The Science Behind SeaFeed: Safety and Quality
The Science Behind SeaFeedTM: Safety and Quality 40+ peer reviewed scientific studies have proven the active ingredients in SeaFeedTM to be safe with no negative effect on quality in beef cattle, dairy cows or sheep Proven Safety and No Residues: Impact of SeaFeedTM inclusion on Methane Production1
Slide 24: From Signed Supply Agreement to Recognised Revenue
From Signed Supply Agreement to Recognised Revenue Revenue is recognised progressively as cattle are inducted onto SeaFeed, not at the point an agreement is signed 1 2 3 4 Revenue recognised on Supply Agreement signed Induction schedule agreed Progressive induction delivery Customer signs an agreeme
Slide 25: Key Executives
Key Executives Experienced Board and Management Team Sam Elsom Teresa Garces Prof. Emeritus Rocky de Nys Dr Louise Edwards Managing Director, CEO and Co- Chief Financial Officer Chief Scientific Officer Head of Product Development & Founder Regulatory Affairs John McKillop Stephen Turner Brent Walla