Murray Cod Australia (MCA) Q1 2026 TU earnings summary

Executive summary

• Receipts from customers rose 30% year-over-year, with sales up 45% due to higher production and demand.

• Transitioned from biomass-building to sustained revenue generation as more stock reached saleable size.

• Domestic markets accounted for 92% of Q1 sales, with international sales doubling to 8%.

• Halal certification achieved, opening Middle Eastern markets; BAP sustainability audit completed, with certification expected in Q2 FY26.

• Woolworths retail footprint doubled, and distribution via PFD Foods commenced.

Financial highlights

• Q1 FY26 receipts from customers: $2.83 million.

• Net cash used in operating activities: $(6.41) million for the quarter.

• Net cash used in investing activities: $(0.85) million.

• Net cash from financing activities: $3.61 million.

• Cash and cash equivalents at quarter end: $(3.32) million, with $19.2 million in unused finance facilities.

Outlook and guidance

• Continued sales momentum and increased fish availability expected in Q2 as summer growth accelerates.

• Focus on expanding domestic and international distribution, progressing long-term offtake agreements, and entering new markets.

• Anticipates ongoing revenue growth and improved operational leverage through FY26.