Forbidden Foods Secures AU$1 Million to Fuel Growth

Highlights:

• Forbidden Foods Ltd (ASX: FFF) has raised AU$1 million through a share placement at AU$0.007 per share to support inventory expansion and operational growth.
• The company reported a 104% increase in net sales for Q2 FY25, with Blue Dinosaur’s e-commerce sales surging 94% year-on-year.
• Investors will receive one free attaching option for every two shares, exercisable at 1.5 cents until October 2027, with JP Equity Partners and GBA Capital as joint lead managers.

Capital Raise to Support Expansion

Forbidden Foods Ltd (ASX: FFF) has successfully secured AU$1 million in capital through a share placement at AU$0.007 per share. The funds will be used to expand inventory for its Blue Dinosaur and Oat Milk Goodness (OMG) product lines to meet growing consumer demand. Additionally, the capital will help strengthen sales, marketing, and operational capabilities, further supporting the company’s expansion plans.

Strong Performance Drives Investor Interest

The capital raise follows a robust Q2 FY25 performance, with net sales reaching AU$1.17 million, marking a 104% increase from the previous quarter. Cash receipts also surged by 55%, while Blue Dinosaur’s e-commerce sales jumped 94% year-on-year. At the time of writing, the company continues to see strong momentum, reinforcing investor confidence in its growth trajectory.

Additional Incentives for Investors

As part of the placement, investors will receive one free attaching option for every two shares purchased, exercisable at 1.5 cents until October 2027. The placement was jointly managed by JP Equity Partners and GBA Capital, ensuring strong institutional backing.

Future Growth Prospects

CEO Alex Aleksic highlighted ongoing discussions with new retail and distribution partners, aiming to expand product availability in both domestic and international markets. With increased inventory and strengthened financial resources, Forbidden Foods is well-positioned to capitalize on rising demand and sustain its growth momentum.

Disclaimer for Kapitales Research

The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com