Ocean Sciences (ASX:OSS) Extends Takalar Seaweed Innovation Site Lease by Three Years

Aditi Sarkar

30 September 2026 05:44 PM AEST

Ocean Sciences (ASX:OSS) Extends Takalar Seaweed Innovation Site Lease by Three Years

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Key Highlights

The extension runs from April 2028 to April 2031 and takes the total Lease period to five years.
The site is planned to house the company's Seaweed Innovation and Application Centre.
The lease is between a private Indonesian landowner and PT BPH Global Indonesia, a Subsidiary of Ocean Sciences.
It covers two adjoining parcels at Laikang Village, Mangarabombang District, Takalar Regency, totalling about 33,719 square metres, or.

Ocean Sciences Ltd (ASX:OSS), formerly BPH Global Ltd, announced on 30 September 2026 a three-year extension of the lease over its Takalar site in South Sulawesi, Indonesia. The extension runs from April 2028 to April 2031 and takes the total lease period to five years. The site is planned to house the company's Seaweed Innovation and Application Centre.

The lease terms

The lease is between a private Indonesian landowner and PT BPH Global Indonesia, a subsidiary of Ocean Sciences. It covers two adjoining parcels at Laikang Village, Mangarabombang District, Takalar Regency, totalling about 33,719 square metres, or 3.4 hectares. The site lies roughly 40 to 50 kilometres south of Makassar.

The extension cost is IDR225,000,000, approximately AUD 17,900, paid upfront and inclusive of Indonesian income tax. Permitted use has been widened to cover Centre operations beyond cultivation and drying. The company may pursue another five-year extension or purchase the site on terms to be negotiated, but neither option is committed. Permanent alterations revert to the lessor, while non-permanent items remain company property. PT BPH Global Indonesia bears utilities, maintenance, taxes and operating costs, and subleasing needs the lessor's written consent.

What the site is for

The company describes the Facility as a Seaweed Innovation and Application Centre, featuring onshore cultivation tanks, production, drying and processing facilities, existing aquaculture pools and a research laboratory. It says the Centre is intended to support multiple seaweed-based Revenue opportunities. The announcement does not state a construction timetable, a budget for the Centre or any expected revenue, and the company says only that it intends to inform the market as material milestones are achieved.

Ocean Sciences describes its Business as research and development, production and commercialisation of TCM products, including raw seaweeds and sea plants as sustainable plant-based protein foods and nutraceutical and pharmaceutical ingredients.

Annual report snapshot

The company also lodged its Annual Report for the year ended 30 June 2026 on 29 September 2026. It reports revenue from continuing operations of AUD 3,444,497 and a total net loss of AUD 1,738,617, of which AUD 1,612,280 relates to continuing operations. Cash at year end was AUD 259,882.

Operational highlights include the first full 12 months of its Indonesian seaweed trading platform, with gross sales of approximately IDR45.49 billion (about AUD 3.68 million) from May 2025 to June 2026. The company also secured the 3.4-hectare Takalar site, obtained a USAUD 375,000 trade finance facility, since extended to 31 August 2027, and raised AUD 2.1 million in Equity before costs. It completed a 1-for-10 share consolidation on.

What Comes Next

The company's next stated commitment is to update the market as material milestones are reached..

FAQs

Q: What is the latest update from Ocean Sciences?

A: The extension runs from April 2028 to April 2031 and takes the total lease period to five years.

Q: What is one key figure in the update?

A: The site is planned to house the company's Seaweed Innovation and Application Centre.

Q: What does the document identify as a current consideration?

A: The lease is between a private Indonesian landowner and PT BPH Global Indonesia, a subsidiary of Ocean Sciences.

Q: What comes next?

A: The company's next stated commitment is to update the market as material milestones are reached..

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