OMG Group has secured commitments to raise $1.5 million through a share placement, including a $350,000 cornerstone investment from its incoming oat milk manufacturing partner, Slades Beverages.
The ASX-listed food and beverage company will issue approximately 215.7 million new shares at $0.007 each to sophisticated, professional and institutional investors. The issue price represents a 12.5 per cent discount to OMG’s last traded price.
Slades’ investment is its first equity investment in a brand it manufactures. The Australian family-owned beverage manufacturer is set to produce OMG’s Oat Milk Goodness portfolio from its Thomastown facility in Victoria.
OMG said the manufacturing partnership was expected to improve production, supply chain and margin efficiencies as volumes increased. The companies will also work together on new product development.
OMG Group CEO, Alex Aleksic, said Slades’ investment aligned the two businesses as the company expanded its oat milk range.
“As our 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.
OMG will also offer eligible existing shareholders the opportunity to participate in a share purchase plan targeting a further $250,000 at the same issue price. Directors have committed to invest roughly $170,000, subject to shareholder approval.
The new capital will be used to secure matcha supply, build inventory and support product launches and working capital requirements. This includes a deposit for 50,000 kilograms of matcha and the national launch of three new PrOATein products through Woolworths in the fourth quarter of 2026.
OMG reported FY26 revenue of $6.13 million, up 48 per cent, while July sales increased around 120 per cent year-on-year to around $738,000.
