Company: COOT
Filing Date: 2025-03-31
Form Type: 10-Q
Source: 0001641172-25-001552
Chunk: 9

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-03-31
Form: 10-Q
Item: Item 2
Chunk 9
---

     71.3%
  
    Labor costs 
     559,775  
     548,144  
     11,631  
     2.1%
  
    Repairs and maintenance 
     40,430  
     111,142  
     (70,712) 
     (63.6)%
  
    Total cost of sales 
    $9,199,857  
    $8,110,209  
    $1,089,648  
     13.4%

The
cost of sales for the three months ended 31 December 2024 was AUD$9.2 million, an increase of AUD$1.1 million, or 13.4% as compared to
the three months ended 31 December 2023. The primary reason for the increase was caused by cost of material (canola seed), Increase in
cost of packaging material due to increase in retail sales, and labor cost increase during the quarter. The cost component changed as
a result of recognizing cost of finished goods when the oil products were sold in the retail market. The decrease gross margin was mainly
due to the development of “Good Earth Oils” branding products in the retail market with support of strong marketing campaign.

General
and administrative expenses

    Three Months Ended 31 December (AUD) 

    2024  
    2023  
    Change  
    Change % 

    General and administrative expenses 
    $1,141,438  
    $613,336  
    $528,102  
     86.1%

General
and administrative expenses for the three months ended 31 December 2024 were AUD$1.1 million, an increase of AUD$0.5 million, or 86.1%,
compared to the three months ended 31 December 2023. This increase was primarily due to Increase in professional fee AUD 177K, Insurance
AUD 79K, Audit fee AUD 90K and management fee AUD 36K

Selling
and marketing expenses

    Three Months Ended 31 December (AUD) 

    2024  
    2023  
    Change  
    Change % 

    Selling and marketing expenses 
    $85,189  
    $186,332  
    $(101,143) 
     (54.3)%

Selling
and marketing expenses