Noumi has raised $27m, with almost all proceeds going towards paying off the loan notes issued in March and subsequent interest.
Following Deloitte’s resignation as the company’s auditor, citing a conflict of interest in upcoming class actions, noumi has appointed KPMG to the role.
In its Q3 update, the company reported Covid and the extensive east coast flooding had impacted trade, which was also exacerbated by inflation and cost pressures.
Q3 revenue was $123.3 million, down 13 per cent quarter-on-quarter (QoQ) ($18.5 million). It was down 3.9 percent on prior corresponding period (pcp).
Dairy and nutritionals was down 11.4 per cent QoQ to $85.2 million, down 6.9 per cent pcp.
Plant based beverages were down $6 million (13.7 per cent) QoQ to $37.8 million, with revenue up 0.7 per cent pcp
Its cash position at 31 March was $15.4 million.