• Firm commitments received to raise ~A$17 million
• Funds to support growth, including expanded production capacity and sales/marketing
• Strong support from existing and new institutional investors

Murray Cod Australia Ltd (MCA) has announced that it has received firm commitments from domestic and offshore institutional, sophisticated and professional investors to raise approximately A$17 million via an institutional placement. The placement will see the company issue around 17.9 million new fully paid ordinary shares at A$0.95 per share, representing a 8.7% discount to the last closing price. The funds raised will be used to strengthen MCA's balance sheet and provide financial flexibility as the company proceeds into its FY26 sales inflection point, with harvest volumes year-to-date up 69% over the previous year. The capital will also support the completion of the Stanbridge development, construction of 24 future ponds at Gogeldrie, processing plant upgrades, and the strengthening of sales and marketing capabilities. MCA's Non-Executive Chairman, Brett Paton, commented that the successful placement will be instrumental in accelerating the company's growth strategy, enabling it to expand production capacity, invest in sustainable farming technologies, and strengthen its distribution footprint. The placement was strongly supported by both existing shareholders and new, high-quality offshore and domestic institutional investors.

MCA expects to see a significant sales inflection point in FY26, with harvest volumes year-to-date already up 69% over the previous year.

The funds raised will enable MCA to accelerate its growth strategy, including expanding production capacity, investing in sustainable farming technologies, and strengthening its distribution footprint.