• Biomass reached 3,700 tonnes, up 32.7% from December 2025
• Sales volume increased 48% on prior year to 149.8 tonnes
• Processed fish sales increased 77.8% on prior year to 134.1 tonnes

Murray Cod Australia Ltd (MCA) reported its Quarterly Cash Flow Report and Quarterly Activities Report for the quarter ended 31 March 2026 (Q3 FY26). Highlights include biomass reaching 3,700 tonnes at 31 March 2026, up 32.7% from December 2025, representing approximately $78M of saleable stock. Sales volume increased 48% on prior corresponding period (pcp) to 149.8 tonnes, with processed fish sales up 77.8% on pcp to 134.1 tonnes. Customer receipts increased 35% on pcp to $3.6 million. The company has recruited experienced industry leaders to accelerate its domestic sales strategies and appointed a new CEO to drive revenue growth and operational improvement. MCA is implementing an accelerated strategy to strengthen sales execution, expand customer channels and convert biomass into cash flow, including availability of biomass to support an accelerated sales program, appointment of experienced executives, acceleration of predictable sales volume channels, and biomass reduction through an immediate program to clear grow out ponds and convert biomass into frozen processed fillets. The company is also focused on disciplined cost leadership, capital investment to enable faster freezing of fish fillets, and international market development, with approval for live exports to China confirmed.

The company has a biomass of 3,700 tonnes, which at current wholesale prices represents approximately $78M of saleable stock. The company is implementing an accelerated sales strategy to convert this biomass into cash flow.