Company: COOT
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001641172-25-009369
Chunk: 197

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-09
Form: S-1/A
Chunk 197
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 Marketing and Distribution    |
| EDOC Acquisition Limited       |     |                                  |  100 | % |     |                                  |  100 | % |     | Cayman Islands            |     | SPAC                          |

The carrying amount of the Company’s investment in the subsidiary and the equity of the subsidiary is eliminated on consolidation.

(c) Substantial doubt regarding Going Concern

The Company incurred a loss after income tax for 3 months ended 31 December 2024 of AUD$ 320,332(31 December 2023: Profit AUD$ 970,388) and for six months ended 31 December 2024 a loss of AUD$ 966,665(31 December 2023: Profit AUD$ 2,380,919). The Company was in a net current liability position of AUD$ 8,392,672as of 31 December 2024 (30 June 2024: AUD$ 6,965,530). Net cash outflow from operating activities was AUD$ 2,468,989for the six months ended 31 December 2024 (31 December 2023: AUD$ 1,587,408).

| F-37 |

As of 31 December 2024, the consolidated entity had cash in hand and at bank of AUD$ 1,437,667(30 June 2024: AUD$ 514,140).

The above factors raise substantial doubt about the Group’s ability to continue as a going concern unless it can successfully meet the stated objectives and/or raise additional funds with its financiers and investors.

As at 31 December 2024, all banking covenants associated with the borrowings from the Commonwealth Bank of Australia were in compliance. There are two covenants being:

| ● | The                                                                                                           
 interest cover ratio in respect of the obligor must for each reporting period be no less than 2.50 times; and |
| ● | The                                                                                                           
 net working capital ratio must at all times be more than 80%.                                                 |

Company’s ability to continue its business activities as a going concern is dependent upon the Company deriving sufficient cash from the business operation and being able to draw down additional long-term debt from the senior debt provider, CBA, who has provided a total facility loan of AUD$ 14,000,000with unused facilities as at 31 December 2024 of AUD$ 6,028,897which is repayable on demand. In addition, the Company also has the ability to