Strong First Month Revenue Results From Seaweed Sales

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Stock BPH Global Ltd (BP8.ASX)
Release Time 19 Jun 2025, 9:33 a.m.
Price Sensitive Yes
 Strong First Month Revenue from Seaweed Sales
Key Points
  • Total revenue of A$150,646 in first month of operations
  • Exports to South Korea and local sales in Indonesia
  • Partnerships with Indonesian coastal farming communities
Full Summary

BPH Global Ltd (ASX: BP8) has reported encouraging initial revenue results from its new seaweed sales operations in Indonesia. During the period from 14 May to 15 June 2025, the company generated total revenue of approximately A$150,646 from seaweed sales, comprising A$95,400 in export revenue to South Korea and A$55,246 in local Indonesian revenue. These initial sales were made to wholesale buyers in both Indonesia and South Korea, demonstrating early traction with both domestic and international customers. The seaweed was sourced through established partnerships with local farming communities in the Nunukan region of Indonesia, ensuring traceability and responsible harvesting practices. These relationships are core to the company's commitment to environmental sustainability and community development. The operational focus remains on scaling volumes to meet growing demand while maintaining product quality and strengthening market presence. The company is actively engaged in negotiations for additional offtake agreements and expects trading volumes to increase over the coming months.

Outlook

The company is confident of building a robust revenue stream from its seaweed operations, aligned with its sustainability values and global market trends. It intends to provide the market with monthly updates on its seaweed sales volumes in Indonesia.