Seafarms Group Limited · ASX:SFG
Seafarms — Shareholder Meeting (November 2025)
20 slides from Seafarms's shareholder meeting presentation, Nov 25, 2025
Slide 1: AGM Update ASX Announcement
ASX Announcement | 25 November 2025 Seafarms Group Limited (ASX: SFG) SFG ASX Announcement No: 802 AGM Update (This statement summarises key parts of the CEO AGM Presentation which follows this document) Seafarms Group Limited (“Seafarms” or the “Company”) will today provide an update at its Annual
Slide 2: Project Sea Dragon (PSD)
Project Sea Dragon (PSD) The construction dispute with Canstruct continued to impact progress and resources, however, Seafarms Group remains committed to developing a scalable, integrated prawn production system in Northern Australia under Sea Dragon Shrimp. On 10 November 2025, the Liquidators of P
Slide 3: CEO Update
For personal use only CEO Update Taking stock and building forward momentum 1
Slide 4: Disclaimer
Disclaimer While management believes there is reasonable basis for the material contained in this presentation it is provided for information purposes only. The information in this presentation is in a summary form, does not propose to be complete and is not intended to be relied upon as advice to i
Slide 5: Introduction
Introduction Good morning. My name is Peter Fraser, CEO of the Seafarms Group. For personal use only It is good to see some familiar faces in the audience from last year’s AGM, thank you for your attendance as well as those listening online. Today I will focus on specific Actions & Topics that have
Slide 6: Existing Operations Update
For personal use only Existing Operations Update Taking stock and building forward momentum 4
Slide 7: Overview
Overview In April this year, at the time of finalizing the F1 & F2 sale, Seafarms & Mainstream agreed a lease For personal use only extension of the farms and assets until Jan 8th, 2026. This has enabled us to stock new crops on both farms, with a mixture of Black Tiger & Banana Prawns. The last fis
Slide 8: Financial Results
Financial Results Our financial results reflect costs from investments in the future of the company, primarily Project Sea Dragon. For personal use only 2025 2024 Revenues from continuing operations $14.6m $25.5 Net Profit (loss) after Tax ($11.7m) ($19.3m) Net reduction in contract liabilities (gai
Slide 9: Financial Position
Financial Position 2025 2024 For personal use only Net Assets $3.1m $14.8m Cash on hand $3.3m $1.2m Net current assets / (liabilities) ($5.5m) $4.3m Non current assets $9.8m $12.0m Other financial liabilities* $3.4m - *Liabilities of Project Sea Dragon Pty Ltd (in liquidation) that have been guarant
Slide 10: Operating Performance
Operating Performance In FY25 the Group operated from three sites: Flying Fish Point (commercial hatchery), Cardwell (Farms 1 & 2) and Ingham (Farm 3) For personal use only Total production was 508 tonnes, compared to 1,118t in the previous year: Banana prawn annual production lowered to 300 tonnes.
Slide 11: Operating Performance (continued)
Operating Performance (continued) Domestic market conditions continued to be characterized by subdued retail demand for premium cooked prawns with the increased overall wild and aquaculture, Australian Shrimp production available. For personal use only Market development continues to be a focus to b
Slide 12: PSD Update
For personal use only PSD Update Taking stock and building forward momentum 10
Slide 13: PSD Update
PSD Update For personal use only The construction dispute with Canstruct has continued to occupy significant time and erode the financial resources of the company. These issues have been the main hindrance to our progress developing the NT Project. Despite the challenging nature of the year, the Sea
Slide 14: Sea Dragon Shrimp Asset Sale Agreement Reaches a Positive Milestone
Sea Dragon Shrimp Asset Sale Agreement (Agreement) Reaches a Positive Milestone Seafarms Group Limited (Seafarms) announced on 10 November 2025 that the Liquidators of Project Sea Dragon Pty Ltd (In Liquidation) (PSD) had signed a conditional For personal use only agreement enabling Sea Dragon Shrim
Slide 15: Sea Dragon Shrimp (SDS)
Sea Dragon Shrimp (SDS) Despite the legal uncertainty, the Group continued to operate Project Sea Dragon (PSD) as usual, maintaining all licenses and approvals. For personal use only Important items to note; Sea Dragon Shrimp has held our Project & Exmouth employees whilst we continued to negotiate
Slide 16: Project Sea Dragon (In Liquidation)
Project Sea Dragon (In Liquidation) Project status Construction completed (as previously advised): For personal use only Sea water intake walls 1/3rd completed. 21 nursery ponds partially completed. Area for 8Ha ponds partially cleared. 100,000 tonnes of crushed material for roads 50km of roads impr
Slide 17: Recent highlights
Recent highlights April 2025: Sale of Farms 1 & 2 concludes April 2025: Sale of Farms 1 & 2 Lease Extended to Jan 8th 2026 For personal use only Matters subsequent to the financial year: October 2025: Avatar Industries confirms additional financial support. November 2025: SFG purchases the PSD in li
Slide 18: Thank you to the Board, staff, partners and shareholders
For personal use only Thank You to the Board , our wonderful Staff, our numerous partners and to most of all our Shareholders Taking stock and building forward momentum 16
Slide 19: Questions
For personal use only We invite general questions and thank you for your participation today. Taking stock and building forward momentum 17
Slide 20: Contact Us
For personal use only Contact Us Level 10, 490 Upper Edward Street Spring Hill QLD 4000 PO Box 252 Spring Hill QLD 4004 T. 61 7 3248 0222 E. info@seafarms.com.au