• Successfully completed a $17 million capital raise on 2 October 2025
• Biomass reached 2,787 tonnes at 31 December 2025, up 12% from June 2025
• Doubling of the retail footprint through Woolworths, expanding from 67 to 134 stores across NSW and Victoria

Murray Cod Australia Ltd reported a loss of $4,062,682 for the half-year ended 31 December 2025, a significant decline from the prior corresponding period's profit of $1,330,963. The company successfully completed a $17 million capital raise on 2 October 2025 and continued to grow its business, with biomass reaching 2,787 tonnes at 31 December 2025, up 12% from June 2025. The company also doubled its retail footprint through Woolworths, expanding from 67 to 134 stores across NSW and Victoria, with distribution supported by PFD Foods. Other key highlights included stocking additional ponds at its Stanbridge site, bringing total grow-out capacity to 108 ponds, completing hatchery upgrades at Silverwater and Euberta, achieving Halal certification to open Middle Eastern markets, and securing 3-star Best Aquaculture Practices (BAP) certification. The company also secured approval for live exports to China. The company reported no dividends paid or recommended during the half-year.