Murray Cod Australia to raise $17M for expansion.

Murray Cod Australia to raise $17M for expansion.

Murray Cod Australia (ASX:MCA) is raising approximately $17.0 million via an institutional placement to fund expansion and strengthen its balance sheet for its FY26 growth phase. The placement will issue approximately 17.9 million new shares at $0.95 each, representing an 8.7% discount to the previous closing price of $1.04 on September 24. Proceeds will be allocated to fortifying the balance sheet and funding key growth initiatives, including the completion of Stanbridge ponds and construction of new ponds at Gogeldrie. The capital raise follows a strong FY25 performance, where the company reported a net profit of $8.6M, a turnaround from a $6.2M loss in the prior year. Murray Cod Australia stated the funding supports its transition into a 'sales inflection point' in FY26, aiming to achieve positive operating cashflow and establish a sustainable harvest cycle.

The placement will issue approximately 17.9 million new shares at $0.95 each, representing an 8.7% discount to the previous closing price of $1.04 on September 24.

Proceeds will be allocated to fortifying the balance sheet and funding key growth initiatives, including the completion of Stanbridge ponds and construction of new ponds at Gogeldrie.

The capital raise follows a strong FY25 performance, where the company reported a net profit of $8.6M, a turnaround from a $6.2M loss in the prior year.

Murray Cod Australia stated the funding supports its transition into a 'sales inflection point' in FY26, aiming to achieve positive operating cashflow and establish a sustainable harvest cycle.