Forbidden Foods reports 171 per cent sales growth in March quarter

Forbidden Foods reported a 171 per cent increase in net sales for the March quarter compared to the same period last year, according to an ASX announcement on Tuesday.

The health and wellness food company achieved $1.1 million in net sales for Q3 FY25, maintaining consistency with the previous quarter following its strategic acquisition of Oat Milk Goodness.

March sales reached $532,000, the highest monthly total since the current management team implemented a business restructure in July 2023, exceeding the previous record set during November 2024’s Black Friday period.

The company’s Blue Dinosaur product range saw ecommerce sales increase 121 per cent compared to the prior corresponding period. This growth was supported by a successful Afterpay campaign, with online revenues on a Moving Annual Total basis reaching $1.25 million – a 110 per cent increase year-on-year.

Physical store sales were bolstered by a $133,000 purchase order from Costco Australia, which included the first shipment of the Blue Dinosaur ‘Bites’ range in multi-pack edition.

“We are pleased to announce this latest trading update, which continues the momentum we established in the first two months of the calendar year,” said Alex Aleksic, Forbidden Foods’ Chief Executive Officer.

“With two consecutive quarters of over $1 million in net sales, we are on track to meet our annualised revenue targets while also taking steps to build the business into a market leader in the FMCG segment,” Aleksic added.

The company stated that discussions for additional product-ranging agreements remain well advanced, while ecommerce sales are expected to benefit from targeted marketing campaigns.

Picture: credit Forbidden Foods/LinkedIn