• Net loss of $483,167 for the half year, a 67% decrease from the prior period
• Raised $200,000 in debt funding and $125,000 from a placement
• Completed acquisition of Indonesian seaweed assets and joint venture

During the half year ended 31 December 2024, BPH Global Ltd recorded a net loss of $483,167, a 67% decrease from the prior period. The directors were focused on raising capital and debt funds, while rationalising the company's business and investment opportunities. The company raised $200,000 in debt funding, which was converted to equity upon receiving shareholder approval post period end. It also received $105,000 from directors that was converted to equity during the period, as well as $125,000 before costs from a placement. At 31 December, the group's net liabilities amounted to $1,681,738. The directors are continuing to work on raising capital and reducing the group's liabilities and improving the group's results. In January 2025, the company announced the completion of the acquisition of Indonesian-based seaweed assets and a joint venture development. The company entered into a legally binding term sheet with Indonesian-based joint venture partners for the acquisition of the Indonesian-based seaweed business, and incorporated a wholly owned Indonesian subsidiary, PT BPH Global Indonesia, to facilitate the transaction.

The company has approval from shareholders to raise an additional $1 million without using any of the company's placement capacity.

The company is focused on executing its strategy of building up the Indonesian seaweed business in line with its business plan so that it contributes positively to the group's operations. The company has a demonstrated record of raising additional capital and the board has a reasonable expectation that the company will be able to successfully raise funds over the 12-month period ending March 2026.