Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 40

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 40
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 staff training expenses, utilities expenses, and subscription
and dues expenses.

Sales
and marketing expenses

Sales
and marketing expenses primarily consist of sales directors’ salaries and supermarket promotion activities.

Other
income

Other
income primarily consists of fuel tax credit and recovery cost of freight and overdue interest.

Finance
expenses

Finance
expenses consist of interest paid related to bank loan and facility interest, related party loan interest and foreign exchange gain or
loss.

Change
in fair value of warrant liabilities

This
consists of the change in fair value of certain warrant liabilities.

 33 

Results
of Operations

The
following selected consolidated financial data are derived from the unaudited financial statements of the Company for the three months
ended 30 September 2024 and 2023 and should be read in conjunction with our consolidated financial statements, the related notes and
the rest of the section of this Report entitled “Key Components of Consolidated Statements of Operations.” The historical
results are not necessarily indicative of the results of future operations.

The
following tables set forth our Consolidated Statements of Operations data for the periods presented:

Three
Months Ended 30 September 2024 Compared to the Three Months Ended 30 September 2023

    2024

    2023

    Change

    %

    AUD$

    AUD$

    Sales
    revenue

    10,328,865

    9,738,472

    590,393

    6.1
    %
  
    Cost
    of sales

    (9,498,485
    )

    (7,265,691
    )

    (2,232,794
    )

    30.7
    %
  
    Gross
    profit

    830,380

    2,472,781

    (1,642,401
    )

    (66.4
    )%
  
    General
    and administrative expenses

    (830,406
    )

    (885,803
    )

    55,397

    (6.3
    )%
  
    Selling
    and marketing expenses

    (199,345
    )

    (68,873
    )

    (130,472
    )

    189.4
    %
  
    Other
    income

    32,374

    1,654

    30,720

    1,857.3
    %