• Funds to be used for inventory build to meet demand for Oat Milk Goodness and Blue Dinosaur products
• Follows exceptional Q2 FY25 performance with 104% sales growth and 80% increase in cash receipts
• Discussions underway for additional product-stocking agreements to further consolidate sales momentum

Forbidden Foods Limited (ASX: FFF) is pleased to announce that it has secured firm commitments from sophisticated, professional and institutional investors to raise $1m through the issue of 142,857,143 new fully paid ordinary shares at $0.007 per share. The funds raised will be primarily deployed towards increasing inventory across the company's Blue Dinosaur and Oat Milk Goodness (OMG) product ranges. This strategic inventory build will position the company to benefit from economies of scale in production and meet growing demand, following considerable sales growth in recent months across its core product channels. The capital raise follows exceptional operational performance in Q2 FY25, including net sales of $1.17m (a 104% increase from the prior quarter and 77% rise year-on-year), cash receipts from customers of $1.16m (up 55% quarter-on-quarter and 80% from the prior year), and a 94% increase in ecommerce sales for Blue Dinosaur products. The company also executed several cost-reduction initiatives, resulting in a considerably lower cost base. Forbidden Foods CEO Alex Aleksic said the capital raise further validates the company's post-acquisition growth strategy and outlook, and that the funds will help the company grow its inventory to meet recent product demand. The company is also engaged in well-advanced discussions with several counterparties for additional product-stocking agreements, positioning it to further consolidate its recent sales momentum.

The company is engaged in well-advanced discussions with several counterparties for additional product-stocking agreements, positioning it to further consolidate its recent sales momentum.