Barramundi aquaculture company Barramundi Group posted higher net losses in H1 2025 but recently signaled it has fulfilled its restructuring scheme obligations as approved by a Singapore court in 2025.
Barramundi Group posted a slight decrease in revenue in H1 2025, dropping to USD 7.14 million (EUR 6.06 million) from USD 7.27 million (EUR 6.17 million) in the same period of 2024. Its net loss for the financial period climbed to USD 3.88 million (EUR 3.29 million), up from USD 3.78 million (EUR 3.21 million), and its total comprehensive loss reached USD 3.85 million (EUR 3.27 million), up from USD 3.75 million (EUR 3.18 million).
The company has been on the Oslo Børs penalty bench since 2024 after it didn’t report its FY 2023 results within the required time frame, with those results later revealing USD 8.7 million (EUR 7.4 million) in losses when finally published in November 2024.
As it worked to reverse the negative trend, Barramundi Group applied to Singapore’s high court for a moratorium on receivership in October 2024 to give it time to restructure. Under Singaporean law, the court can grant time for a company that prevents creditor action, which includes preventing legal processes against Barramundi Group from being started without permission of the courts and no enforcement of security or repossession of goods can be taken.
As it sought the moratoriums, Barramundi Group also announced a restructuring plan in September 2024, which got approved by creditors in July 2025 and was later approved by a Singapore court in July.
The company’s recent results publication came on the same day as a company announcement regarding its “Scheme of Arrangement,” or the plan, which it said it has fulfilled.
“The company confirms that, following the court’s approval of the scheme and the associated restructuring process, all obligations arising from that scheme have been duly fulfilled in accordance with applicable laws, regulatory requirements, and the terms of the approved scheme,” Barramundi Group said.
In its H1 2025 results, the company revealed it completed its private placement under its scheme and registered a share capital increase of USD 3.9 million (EUR 3.31 million). It also said it completed three key repayments totaling USD 1.36 million (EUR 1.15 million).
