Company: COOT
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0001641172-25-013065
Chunk: 4

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-30
Form: 10-Q
Item: Item 8
Chunk 4
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     82.7% 
    Australia 
    Oilseeds crushing business

    Cowcumbla Investments Pty Ltd. 
     82.7% 
     82.7% 
    Australia 
    Investment

    Good Earth Oils Pty Ltd. 
     100% 
     100% 
    Australia 
    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 three months ended 31 March 2025 of AUD$630,633 (31 March 2024: Profit AUD$41,185) and for
nine months ended 31 March 2025 a loss of AUD$1,597,298 (31 March 2024: Profit AUD$2,422,104). The Company was in a net current liability
position of AUD$9,622,311 as of 31 March 2025 (30 June 2024: AUD$6,965,530). Net cash outflow from operating activities was AUD$1,942,969
for the nine months ended 31 March 2025 (31 March 2024: Inflow AUD$1,259,485).

    6

As
of 31 March 2025, the consolidated entity had cash in hand and at bank of AUD$1,435,123 (30 June 2024: AUD$514,140).

The
above factors raise substantial doubt about the Company’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 March 2025, 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%.

The
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