• Completed recovery of Avian Influenza impacted farms in Lethbridge, Victoria
• Repaid $2.599m in finance facilities, with $2.025m in unused financing available
• Continued investment in farming, production, and biosecurity infrastructure

Farm Pride Foods Limited (ASX:FRM) has provided a quarterly update for the period ended 31 December 2024. The company completed the recovery of its Avian Influenza (AI) impacted farms in the Lethbridge, Victoria area, with birds placed at two of these farms during the quarter and the third farm in January 2025. Proceeds from the previous quarter's Rights Issue and operating cash flows were used to repay $2.599m of finance facilities, including $300k to Oakmeadow (an interest associated with Director Mr Malcolm Ward) and $299k to Scolexia, with the remaining $2m repaid to the facility with AMAL Trustees which remains available for re-draw. The company held $3.82m in available cash at the end of the quarter, with $2.025m in unused financing facilities available. During the 6-month period, the company accelerated payments to trade creditors, with Accounts Payable turnover falling from 49 to 32 days. The company continued to enhance its farming, production, and grading operations by investing $377k in infrastructure and biosecurity, with a further $375k invested in production and grading facilities. The company also paid $977k for repairs and maintenance during the quarter. While facing a challenging environment with cost pressures, including significant spending on biosecurity protection, the company reported net operating cash inflows of $0.531m for the quarter, with receipts 12% higher than the previous quarter. The company received the final compensation of $1.1m from the Emergency Animal Disease Compensation Scheme for the removal of hens, eggs, and manure, and the cleaning of farms.