Second Seaweed Sale Under Sales Cooperation Agreement
Released
Released
Announcement PDF
BPH GLOBAL LTD
ACN 009 104 330
12 June 2025
Company Announcements Platform
Australian Securities Exchange
BP8 Announces Second Seaweed Sale Under Sales Cooperation Agreement
with PT Kebula Raya Bestari
Highlights
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Second seaweed sale under the Sales Cooperation Agreement with PT Kebula Raya Bestari
completed
Sale to PT. Surya Seaweed Indonesia, marking another key operational milestone.
40 metric tonnes of Indonesian seaweed biomass valued at USD 39,370.
Kebula managed logistics and supply arrangements, leveraging its established Indonesian
seaweed supply network.
Sales proceeds include profit sharing between BP8 and Kebula on a 65:35 basis.
The Board of BPH Global Ltd (ASX: BP8) is pleased to announce completion of the Company’s second
sale of seaweed under the previously announced Sales Cooperation Agreement (Sales Cooperation
Agreement) with PT. Kebula Raya Bestari (Kebula). This second sale was made to PT Surya Seaweed
Indonesia, a seaweed company based in Sulawesi Selatan (Surya). Kebula facilitated the logistics
and supply chain arrangements for the transaction.
Managing Director Matthew Leonard said: “We are pleased to complete our second shipment under
the Sales Cooperation Agreement with Kebula, highlighting the ongoing momentum and practical
progress of our strategic partnership. Kebula’s management of logistics continues to enable BP8 to
efficiently connect Indonesian seaweed producers with both domestic and international buyers. We
look forward to further expanding our supply network”.
Background
On 2 April 2025, BP8 announced that BP8 Indonesia, a wholly owned subsidiary of BP8, had
appointed Kebula as its non-exclusive agent in Indonesia to provide accounts management and sales
logistics services—including warehousing, processing and delivery of seaweed to BP8 customers. On
29 May 2025 the Company announced the initial seaweed sale to MSC, Ltd., a South Korea-based
food ingredient manufacturer (MSC), with Kebula managing the logistics and supply arrangements,
pursuant to the Sales Cooperation Agreement.
Details of the Surya Transaction
Pursuant to the Sales Cooperation Agreement, BP8 has completed its first seaweed sale to Surya
pursuant to a purchase order issued by Surya. The completed sale comprised the supply of 400 bags
totalling 40 metric tonnes of seaweed biomass, for a sale price of USD 39,370 (including Indonesian
value added tax of 0.25%). The Company has received payment from Surya for the shipment.
Consistent with the previously announced arrangement, profit sharing was applied at 65% BP8 and
35% Kebula.
About PT. Surya Seaweed Indonesia
PT Surya Seaweed Indonesia is a seaweed company based in South Sulawesi, Indonesia. The
company primarily operates as an intermediary, purchasing seaweed and reselling it to third-party
buyers, typically carrageenan producers.
About PT. Kebula Raya Bestari
PT Kebula Raya Bestari is an Indonesian company engaged in cultivation, services, and wholesale
trading of agriculture, livestock and fisheries products. Kebula operates as a buyer and supplier of
quality Indonesian seaweed to both Indonesian and international customers. This transaction
represents BP8’s second shipment of seaweed with Kebula under the Sales Cooperation Agreement.
This announcement has been approved for release by the Board of Directors.
- END For further information, please visit our website at www.bp8global.com or contact:
Mr Paul Stephenson
BPH Global Limited
Chairman
E: pauls@bp8global.com
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