Key Highlights

  • On 29 October 2026, Pure Foods Tasmania Limited (ASX:PFT) was quoted at AUD 0.017, with the daily change shown as unchanged. This article covers revenue and trading mix, statutory loss and non-cash charges and the company’s wider disclosures.
  • Pure Foods Tasmania reported FY26 revenue of AUD 5.052 million and a statutory loss of AUD 8.780 million.
  • The result included substantial non-cash accounting items, business acquisitions and a recapitalisation.

Pure Foods Tasmania Limited (ASX:PFT) reported company-specific developments spanning its latest results and operating activities. On 29 October 2026, Pure Foods Tasmania Limited (ASX:PFT) was quoted at AUD 0.017, with the daily change shown as unchanged. Pure Foods Tasmania reported FY26 revenue of AUD 5.052 million and a statutory loss of AUD 8.780 million. The result included substantial non-cash accounting items, business acquisitions and a recapitalisation. The disclosures also address costs and product rationalisation and balance sheet and year-end position.

Revenue and Trading Mix

Pure Foods Tasmania reported AUD 5.052 million in revenue for the year ended 30 June 2026, a 2.3% decline from FY25. The company connected the decrease to product rationalisation, including the removal of product lines whose ingredient or distribution costs affected profitability. The business operated food brands such as Woodbridge Smokehouse, Tasmanian Pate and Daly Potato Co, alongside an ice cream division. The preliminary final report was unaudited at release and updated the commentary without changing the previously disclosed statements.

Statutory Loss and Non-Cash Charges

The group recorded a statutory after-tax loss of AUD 8.780 million, compared with a much smaller loss in FY25. Management identified approximately AUD 4.48 million associated with a deferred-tax-asset write-off, AUD 1.225 million of goodwill write-offs and AUD 772,000 of depreciation. These items totalled approximately AUD 6.477 million. The company described an unaudited cash loss of roughly AUD 2.3 million, compared with AUD 2.369 million for FY25. It also separately identified AUD 734,167 of abnormal or non-recurring expenditure.

Costs and Product Rationalisation

Pure Foods Tasmania said cost of goods sold remained around 80% of revenue, implying a gross profit level of about 20% for the year. Overhead expenses declined as a proportion of revenue from 84% in FY25 to 76% in FY26. The company continued reviewing product lines that did not cover costs and noted changes to senior finance, operations and sales management. These measures were discussed within its turnaround program and did not eliminate the statutory loss reported for FY26.

Acquisitions and Funding Measures

During the financial year, the company converted approximately AUD 1.19 million of shareholder loans into ordinary shares and raised AUD 750,000 from sophisticated investors, with attached options. The announcement also disclosed the acquisition of Brilliant Food Australia and the Elato ice-cream business. The acquisitions added operating businesses to the portfolio and were expected to contribute sales during warmer trading months. The company identified the recapitalisation as changing its borrowings and current liabilities, while the new businesses expanded its product offering.

Balance Sheet and Year-End Position

Net tangible assets per ordinary share moved from 3.53 cents in FY25 to negative 0.08 cents at 30 June 2026. The group did not pay, recommend or declare a dividend for FY26. The reported result included impairments and a deferred-tax-asset adjustment, with management stressing that the accounting write-off did not cancel the underlying tax losses themselves. The preliminary report described ongoing efforts to strengthen margins, rationalise operating expenditure and integrate acquired brands.

Key Insights

Overall, Pure Foods Tasmania Limited reported pure Foods Tasmania reported FY26 revenue of AUD 5.052 million and a statutory loss of AUD 8.780 million. the result included substantial non-cash accounting items, business acquisitions and a recapitalisation. The announcement also addresses costs and product rationalisation, acquisitions and funding measures and balance sheet and year-end position. These are company-reported results and planned activities for their stated periods; announced targets, proposed transactions and pending approvals remain distinct from completed outcomes.