The group also boasts a robust commercial reach across key markets including Singapore, Australia, China, Hong Kong, South Korea, and the US. With a mission to produce responsibly-farmed barramundi, the group prioritises sustainable operations with a focus on looking after the oceans, ensuring fish welfare, and practising resource efficiency.
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The group’s decision to pursue a public listing was driven by the growing global demand for barramundi and the overall consumer trend towards sustainable consumption, which is projected to increase exponentially over the next five years. With the global population expected to reach almost 10 billion by 2050, the group recognises that there is a significant opportunity for barramundi as a tropical fish species to help address the growing global protein challenge.
Currently, the group has three ocean farm sites situated across Australasia, from which it plans to more than double its capacity over the next five years, will enable it to tap right into the heart of intensifying global demand.
The listing will support the group’s strategy and near-term growth plans, allowing it to achieve its business ambitions: further industrialise production across its three ocean farm sites in Australia, Singapore, and Brunei; expand its market share; pursue and strengthen new revenue streams such as further developing its aquatech ecosystem; and build production partnerships to pave the way for significant scaling opportunities.
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Andreas von Scholten, CEO of Barramundi Group says, “This listing is a significant milestone for Barramundi Group as it marks the first step in our plan for transformational growth. The organic developments we’ve been able to build through the engagement of global brand-name clients and intermediaries in the last few years demonstrate the large commercial potential that resides in barramundi as a premium white fish.”
“We believe that this listing will enable us to fully capitalise on the growing global middle class and skyrocketing demand for high-quality proteins that are raised responsibly, with minimal carbon and oceanic impact.”
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