Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.40
(0.02%)
Copper
4.11
(0.06%)
Oil
70.14
(0.06%)
Bitcoin
98,525.48
4.42%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.30
0.28%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)

Clean Seas Seafood (ASX: $CSS) reports Q1 FY25 business update

Q1 FY25 business update overview


Clean Seas Seafood (ASX:CSS) has released its Q1 FY25 business update. The company reported a sales volume of 605 tonnes, generating A$13.4 million in revenue. This marks a decrease from the previous quarter due to strategic decisions. However, pricing per kilogram increased as demand stayed strong.

Strategic focus and future outlook


Clean Seas Seafood's Q1 FY25 update shows a strategic shift towards higher-margin sales channels and inventory reduction, resulting in a sales volume of 605 tonnes and A$13.4 million in revenue. The company highlights improvements in operational cash flow and a consolidated farming footprint. They aim for FY25 sales volumes of 2,550 - 2,650 tonnes with an operating EBITDA close to breakeven. With decreasing feed prices and the introduction of new technologies, Clean Seas is poised to enhance its financial performance. The appointment of Craig Hughes as GM Operations underscores their commitment to operational efficiency and best practices, setting a course for sustainable growth.

Executive insights on financial performance


We have successfully reduced our frozen inventory and achieved positive operating cash flow, thanks to our strategic focus on higher-margin channels and cost-saving measures. Our pricing increase reflects ongoing strong demand, and we are optimistic about our financial outlook as feed prices decrease.

CLEAN SEAS SEAFOOD LIMITED
CSS | ASX | Consumer Staples
0.1850(+0%)
At close 21/11 (AEDT)
Market cap
$37.2M
Volume
4,500
DY Yield
PE Ratio
52 Week Range
0.15 - 0.355
1YR Return
N / A

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