Sealegs reports annual loss, revenue rises

Sealegs Corp has reported a $3.58 million loss from revenue of $10.1 million and says it has cash reserves of $4.6 million as at March 31.

The loss in the year to March 31 was wider than the $2.97 million in the previous year, when the company recorded a $2.6 million impairment of assets. The revenue was up 11.6% on last year.

The amphibious marine craft maker said it was working on developing European and North American markets and this would have short-term costs.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

SCL - Chief Financial Officer Transition
BLS - Strong YTD performance
CEN announces opening of NZ$75 million Retail Offer
AIA - 1H26 Interim Results
February 19th Morning Report
TWL - Share Purchase Plan Results
GMT revaluation, unit buyback and proposed structure update
Devon Funds Morning Note - 17 February 2026
CEN - Contact successfully completes NZ$450m Placement
February 17th Morning Report