Key Takeaways
- Sea Forest listed on the ASX under ticker SEA, raising USD 13.6 million (AUD 20.5 million) at USD 1.33 per share.
- The company’s market capitalization at listing is approximately USD 74.5 million (AUD 112.1 million).
- IPO proceeds will support commercial expansion across Australia and South Africa, new facilities, regulatory approvals, and R&D.
- New supply agreements extend SeaFeed™ coverage to 118,000 head of cattle, with customers connected to over 250,000 head.
- Strategic partnerships expand Sea Forest’s footprint into South America and Japan.
Sea Forest Begins Trading on ASX Following USD 13.6 Million IPO
Sea Forest Limited has officially begun trading on the Australian Securities Exchange (ASX) under the ticker SEA, following a USD 13.6 million initial public offering (equivalent to AUD 20.5 million). The listing—supported by institutional investors, family offices, and an international sustainability fund—marks a milestone for the founder-led livestock feed additive manufacturer.
Co-founded by CEO and Managing Director Sam Elsom, Sea Forest develops SeaFeed™, a patented seaweed-based additive shown to reduce enteric methane emissions by up to 80% while improving livestock productivity.
The listing values the company at USD 74.5 million (AUD 112.1 million). Funds raised will be used to scale production, expand facilities in Queensland, New South Wales, Western Australia, and South Africa, and advance R&D and regulatory pathways.
“We are delighted with the successful listing of Sea Forest on the ASX,” said Elsom. “The funds raised will enable us to scale our operations, accelerate the commercialisation of SeaFeed™, advance our R&D, and deepen relationships with industry and community partners.”
Sea Forest Expands Commercial Supply Agreements Across Livestock Markets
A new agreement with Providore Global will see Sea Forest supply SeaFeed™ to 12,000 head of cattle in New South Wales, raising the total number of animals under supplementation agreements to 118,000.
Existing customers collectively provide access to more than 250,000 head of cattle, strengthening the company’s commercial pipeline.
Sea Forest Enters South America Through Belterra Agroflorestas Partnership
Sea Forest has formed a strategic partnership with Belterra Agroflorestas in Brazil, enabling SeaFeed™ distribution within one of the world’s largest livestock markets.
Brazil accounts for 238 million cattle and has committed to a 30% reduction in methane emissions under the Global Methane Pledge—making SeaFeed™ a relevant solution for producers seeking cost-effective, methane-reducing feed technologies.
Exclusive Arrangement With Oisix Ra Daichi Opens Commercial Pathway Into Japan
A new agreement with Oisix Ra Daichi Inc. grants the Japanese food company exclusive rights to manufacture and distribute SeaFeed™ in Japan. The arrangement includes the milestone of reaching 10,000 head on feed following product registration.
