Australian food-and-drinks company OMG Group has struck an equity-and-manufacturing deal with beverage manufacturer Slades Beverages.
The ASX-listed business said in a filing it had secured “firm commitments” as part of a A$1.5m ($1.08m) capital raise from “sophisticated, professional and institutional investors”.
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Slades Beverages, a family-owned manufacturer based in the Australian state of Victoria, contributed A$350,000 of the raise.
The beverage manufacturer is also moving to take over production of OMG’s Oat Milk Goodness range.
OMG CEO Alex Aleksic said Slades has “direct insight into our products and the opportunity ahead”.
“Volumes grow, working more closely with Slades is expected to create further production and supply-chain efficiencies, supporting our continued focus on improving margins and operating leverage,” Aleksic said, adding the alliance will also be “leveraged towards new product development initiatives”.
Alongside the placement, OMG plans to offer existing investors a share purchase plan at the offer price of A$0.007 a share, targeting a further A$250,000. Directors are set to invest around A$170,000, subject to shareholder approval.
Combined, the raise is expected to deliver approximately A$1.75m in new capital.
Proceeds will go toward securing matcha supply, including a deposit on 50,000kg at a fixed cost, building inventory, and funding the national rollout of three new PrOATein SKUs through Woolworths in the fourth quarter of the 2026 calendar year, OMG said in the filing.
“With our expanded Woolworths ranging, the launch of Omura Matcha and Matcha Mode and strong sales momentum carrying into FY27, the additional capital leaves OMG well positioned to continue scaling the business and to achieve cashflow breakeven,” Aleksic said in the latest filing.
OMG’s revenue in its the 2026 financial year rose 48% to A$6.2m, with gross profit up 52% at A$2.5m and gross margin reaching a record 41%, according to results released in August.
The company’s normalised pre-tax loss narrowed 8% to approximately A$1.6m, as it reinvested in distribution and product development.
