Strong First Month Revenue Results From Seaweed Sales
Released
Released
Announcement PDF
19 June 2025
Company Announcements Platform
Australian Securities Exchange
Strong First Month Revenue Results – Seaweed Sales Business (Indonesia)
Highlights
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Total revenue of A$ 150,646 for the period 14 May to 15 June 2025 comprising:
o Export Revenue: US$61,949 (A$ 95,400)
o Local (Indonesian) Revenue: IDR586,347,695 (A$ 55,246).
Customer Base: Initial sales were made to wholesale buyers in South Korea and Indonesia.
Operations: Seaweed sourced through local partnerships with coastal farming communities in
the Nunukan region of Indonesia, supporting the Company’s sustainability and community
engagement commitments.
The Board of BPH Global Ltd (ASX: BP8) is pleased to report the initial revenue results from its new
seaweed sales operations in Indonesia, following the commencement of trading activities in May
2025. The business, which sources, processes, and exports sustainably harvested seaweed, recorded
approximately A$ 150,646 in gross revenue during its first month of operations. This early
performance reflects encouraging demand across key regional markets and underpins the
commercial potential of the Company’s seaweed operations.
Managing Director Matthew Leonard said: “We are encouraged by the strong start to our Indonesian
seaweed venture. The response from customers has exceeded our expectations and validates our
investment in this growing sector. As we scale up production and secure trade financing and new
offtake agreements, we are confident of building a robust revenue stream aligned with our
sustainability values and global market trends”.
Trading Results
During the period 14 May to 15 June 2025, the Company generated total revenue of approximately
A$150,646 from seaweed sales, comprising:
• Export Revenue: US$61,949 (A$ 95,400); and
• Local (Indonesian) Revenue: IDR586,347,695 (A$ 55,246).
These initial sales were made to wholesale buyers in both Indonesia and South Korea, demonstrating
early traction with both domestic and international customers. All sales were conducted under the
Company’s previously announced Sales Cooperation Agreement with PT Kebula Raya Bestari. Export
sales were made to South Korea-based food ingredient manufacturer MSC, Ltd., including the initial
transaction previously disclosed. Local sales were made to Indonesia-based PT Surya Seaweed
Indonesia, also including the initial transaction previously disclosed.
Seaweed was sourced through established partnerships with local farming communities in the
Nunukan region of Indonesia, ensuring traceability and responsible harvesting practices. These
relationships are core to the Company’s commitment to environmental sustainability and
community development.
The operational focus remains on scaling volumes to meet growing demand while maintaining
product quality and strengthening market presence. The Company is actively engaged in
negotiations for additional offtake agreements and expects trading volumes to increase over the
coming months.
The Company intends to provide the market with monthly updates on its seaweed sales volumes in
Indonesia.
Authorised for lodgement by the Board of the Company
For further information, please visit our website at www.bp8global.com or contact:
Mr Paul Stephenson
Chairman of BPH Global Limited
E: pauls@bp8global.com
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