Fiji Kava Limited (ASX: FIJ), a leading producer of kava-based health products, announced a strong performance in the second quarter of fiscal year 2025, with significant increases in revenue and retail partnerships.
The company reported that its first-half FY25 sales have surpassed the entire FY24 sales, achieving H1FY25 revenue of $4.4 million.
This positions Fiji Kava on track to double its business year-on-year, reflecting strong operational momentum.
In Q2, Fiji Kava successfully reduced its cash burn by half compared to Q1, demonstrating progress towards breaking even.
Retail sales experienced notable growth, with a 17% increase at Coles supermarkets without any advertising expenditure.
Additionally, the company expanded its retail footprint by partnering with QuikStop convenience stores.