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Forbidden Foods Ltd (AU:OMG)
ASX:OMG
Australian Market
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Forbidden Foods Ltd (OMG) AI Stock Analysis

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AU:OMG

Forbidden Foods Ltd

(Sydney:OMG)

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Neutral 45 (OpenAI - Gpt-5.6Sol)
Rating:45Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:N/A
Date:09/06/26
The score is held down primarily by ongoing losses and continued cash burn despite the FY2026 revenue rebound, with only moderate balance-sheet support. Limited technical data keeps the technical component neutral, while valuation is constrained by a negative P/E and no dividend yield information.
Positive Factors
FY2026 Revenue Rebound
The sharp FY2026 revenue rebound indicates renewed top-line traction across the company’s branded and distribution activities. If maintained, stronger sales can improve operating leverage, support retailer relationships, and provide a broader base from which to rebuild sustainable earnings.
Negative Factors
Persistent Operating Losses
The company remains deeply loss-making despite the revenue rebound, showing that sales growth has not yet produced a viable earnings model. Persistently negative operating margins can constrain reinvestment, weaken financial resilience, and make future growth dependent on further cost and product-mix improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 Revenue Rebound
The sharp FY2026 revenue rebound indicates renewed top-line traction across the company’s branded and distribution activities. If maintained, stronger sales can improve operating leverage, support retailer relationships, and provide a broader base from which to rebuild sustainable earnings.
Read all positive factors

Forbidden Foods Ltd (OMG) vs. iShares MSCI Australia ETF (EWA)

Forbidden Foods Ltd Business Overview & Revenue Model

Company Description
Established in 2010, OMG Group Limited is a Sydney, Australia-based enterprise specializing in health and wellness-focused food and milk beverages. Its products are distributed internationally under the Blue Dinosaur brand, reaching consumers in A...
How the Company Makes Money
Forbidden Foods Ltd generates revenue primarily through the sale of its consumer food and beverage products to retailers, distributors, and other wholesale customers (e.g., grocery, health-food, and specialty channels). This typically includes rev...

Forbidden Foods Ltd Financial Statement Overview

Summary
Despite a sharp FY2026 revenue rebound (+97.26% YoY) and improved gross margin (22.7%), profitability and cash generation remain weak: net margin is still deeply negative (-41.5%), EBIT margin is negative (-41.3%), and operating cash flow is negative (~-2.2m). The balance sheet is comparatively steadier with modest leverage (debt-to-equity ~0.29) and positive equity, but returns remain strongly negative (ROE ~-66%).
Income Statement
22
Negative
Balance Sheet
56
Neutral
Cash Flow
24
Negative
BreakdownJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue6.13M2.53M3.73M6.58M4.21M
Gross Profit1.39M905.62K-702.67K2.36M1.37M
EBITDA-2.52M-2.14M-5.49M-3.55M-2.80M
Net Income-2.54M-2.33M-5.56M-3.68M-3.46M
Balance Sheet
Total Assets7.01M2.43M2.65M7.86M4.35M
Cash, Cash Equivalents and Short-Term Investments1.16M254.73K351.99K2.30M1.15M
Total Debt1.11M364.00K33.33K66.82K443.75K
Total Liabilities3.18M1.56M876.82K1.76M1.29M
Stockholders Equity3.82M875.19K1.77M6.11M3.06M
Cash Flow
Free Cash Flow0.00-1.50M-3.09M-2.45M-3.90M
Operating Cash Flow-2.20M-1.48M-3.02M-2.30M-3.75M
Investing Cash Flow0.00-5.99K-32.76K-1.84M-149.82K
Financing Cash Flow2.74M1.38M1.11M5.27M4.87M

Forbidden Foods Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
AU$158.65M17.8612.22%2.11%27.60%96.31%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
49
Neutral
AU$33.25M-0.5113.40%1.21%8.82%55.22%
45
Neutral
AU$6.62M-2.50-57.30%48.54%22.22%
44
Neutral
AU$1.94M-0.21-84.66%31.03%
43
Neutral
AU$23.74M-2.51-27.95%6.99%-0.25%60.85%
39
Underperform
AU$16.92M-5.291795.70%0.72%-486.96%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:OMG
Forbidden Foods Ltd
0.01
0.00
0.00%
AU:NOU
Noumi Limited
0.12
-0.04
-25.00%
AU:HCT
Holista Colltech Limited
0.05
-0.06
-56.19%
AU:TFL
TasFoods Limited
0.01
0.00
0.00%
AU:CLV
Clover Corporation Limited
0.95
0.42
80.61%
AU:MBH
Maggie Beer Holdings Ltd.
0.05
>-0.01
-14.52%

Forbidden Foods Ltd Corporate Events

OMG Group to Raise Capital via Securities Purchase Plan
Sep 3, 2026
OMG Group Limited has unveiled plans to issue up to 35,714,285 new ordinary fully paid shares through a securities purchase plan, according to a new Appendix 3B filing with the ASX. The offer, which uses a record date of 3 September 2026 and is sc...
OMG Group plans major share placement on ASX
Sep 2, 2026
OMG Group Limited has notified the ASX of a proposed placement of up to 215,714,285 ordinary fully paid shares, signalling a significant new equity issue to the market. The new securities are intended to be quoted on the ASX following the completi...
OMG Group secures $1.75m and Slades partnership to fund next growth phase
Sep 2, 2026
OMG Group has secured firm commitments to raise $1.5 million via a share placement at $0.007, led by sophisticated and institutional investors, alongside a $350,000 cornerstone stake from Australian beverage manufacturer Slades Beverages and plann...
OMG Group Lodges 2026 Corporate Governance Statement and Appendix 4G with ASX
Aug 28, 2026
OMG Group Limited has lodged its annual corporate governance statement with the ASX for the year ended 30 June 2026, confirming that the document is current as of 28 August 2026 and approved by the board. The filing, accompanied by a completed App...
OMG Group Narrows Loss as Revenue Surges and Expands Australian Operations
Aug 28, 2026
OMG Group Limited reported a 48.5% jump in revenue from ordinary activities to $6.13 million for the year to 30 June 2026, while narrowing its loss after tax by 33.7% to $2.54 million, with basic and diluted loss per share steady at 0.28 cents. De...
OMG Group posts record July sales as Blue Dinosaur brand refresh rolls out
Aug 3, 2026
OMG Group Limited reported record net sales of approximately $738,000 in July, a 120% increase on the prior corresponding period and a 46% rise month on month, defying the usual post-June seasonal slowdown in FMCG and retail. The performance, driv...
OMG Group lifts sales 49% and builds inventory for global push
Jul 29, 2026
OMG Group has reported strong growth for FY26, with net sales rising about 49% year on year to roughly $6.1 million and quarterly customer receipts up significantly across grocery, convenience, food service and ecommerce channels. The company ende...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 06, 2026