Company: COOT
Filing Date: 2025-06-10
Form Type: S-1/A
Source: 0001641172-25-014422
Chunk: 72

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-06-10
Form: S-1/A
Chunk 72
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 our financial performance. This non-IFRS Accounting Standards financial measure is Adjusted EBITDA, as discussed below.

We believe that this non-IFRS Accounting Standards financial measure reflects our ongoing business in a manner that allows for meaningful comparisons and analysis of trends in the business, as it facilitates comparing financial results across accounting periods and to those of peer companies. We also believe that this non-IFRS Accounting Standards financial measure enables investors to evaluate our operating results and future prospects in the same manner as we do. This IFRS Accounting Standards financial measure may exclude expenses and gains that may be unusual in nature, infrequent, or not reflective of our ongoing operating results.

The non-IFRS Accounting Standards financial measure does not replace the presentation of our IFRS Accounting Standards financial measures and should only be used as a supplement to, not as a substitute for, our financial results presented in accordance with IFRS Accounting Standards.

We consider Adjusted EBITDA to be an important indicator of the operational strength and performance of our business and a good measure of our historical operating trends. Adjusted EBITDA eliminates items that we do not consider to be part of our core operations. We define Adjusted EBITDA as IFRS Accounting Standards net loss excluding the following items: interest income; income taxes; depreciation and amortization of tangible and intangible assets; unit and stock-based compensation; Business Combination transaction expenses; and other non-recurring items that may arise from time to time.

The non-IFRS Accounting Standards adjustments, and our basis for excluding them from our non-IFRS Accounting Standards financial measure, are outlined below:

| ● | Unit                                                                                                                                       
 and Stock-based compensation – Although unit and stock-based compensation is an important aspect of the compensation paid                  
 to our employees, the grant date fair value varies based on the derived stock price at the time of grant, varying valuation methodologies, 
 subjective assumptions, and the variety of award types. This makes the comparison of our current financial results to previous and         
 future periods difficult to interpret; therefore, we believe it is useful to exclude unit and stock-based compensation from our non-IFRS   
 Accounting Standards financial measures to highlight the performance of our business and to be consistent with the way many investors      
 evaluate our performance and compare our operating results to peer companies.                                                              |

The following table reconciles IFRS Accounting
Standards net profit to Adjusted EBITDA during the periods presented (in thousands):

|                               |     |   |            Nine 
 Months Ended 31