• Receipts from customers increased 30% on prior corresponding period
• Sales increased 45% over prior corresponding period
• $17 million capital raising completed
• Halal certification achieved, opening access to Middle Eastern markets

Murray Cod Australia Ltd (MCA) reported a strong Q1 FY26 with receipts from customers increasing 30% on the prior corresponding period and sales increasing 45% over the same period. This reflects continued growth in production throughput and customer demand. MCA completed a $17 million capital raising with participation from existing and new institutional investors, which will support expanded harvest and processing capacity, increased sales and distribution activities, infrastructure optimisation, and general working capital. The company also achieved Halal certification during the quarter, opening access to Middle Eastern markets. Other highlights include the completion of the first stage of the Woolworths retail expansion, increasing from 67 to 134 selected stores across NSW and Victoria, and the commencement of distribution via PFD Foods to support the expanded Woolworths rollout and other domestic retail customers. International sales momentum continued, with Hong Kong and Singapore sales up 65% and 138% respectively compared with Q4 FY25. MCA also appointed Katherine Bryar as Chief Sales and Marketing Officer to strengthen its sales and marketing capabilities.

The company enters Q2 with continued sales momentum and increasing fish availability through the summer growth period. Focus remains on expanding domestic and international distribution, progressing long-term offtake agreements, and advancing entry into new markets. Market diversification efforts include the recently completed Woolworths expansion, Middle East market entry following Halal certification, re-engagement in Europe, and planned China market progress during H1 FY26.