Company: COOT
Filing Date: 2025-12-22
Form Type: F-1/A
Source: 0001493152-25-028698
Chunk: 93

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-12-22
Form: F-1/A
Chunk 93
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bane, Australia

Opinion on Consolidated Financial Statements

We have audited the accompanying consolidated statement
of financial position of Australian Oilseeds Holdings Ltd and its subsidiaries (the Company) as of June 30, 2025, 2024 & 2023, the
related consolidated statement of profit or loss and other comprehensive income (loss), consolidated statement of changes of equity, and
consolidated statement of cash flows for each of the three years in period ended June 30, 2025 and the related notes (collectively referred
to as the ‘consolidated financial statements’). In our opinion, the consolidated financial statements present fairly, in all
material respects, the financial position of the Company and the results of its operations and its cash flows for each of the three years
in the period ended June 30, 2025, in conformity with IFRS Accounting Standards as issued by the International Accounting Standards Board
(‘IFRS Accounting Standards’).

Substantial doubt about the Company’s ability
to continue as a Going Concern

The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. As described in Note 2 (b) to the consolidated financial
statements, the Company has suffered recurring losses from operations, has a net working capital deficiency and is reliant on funding
from its financiers and related parties that raise substantial doubt about its ability to continue as a going concern. Management’s
evaluation of the events and conditions and management’s plans regarding these matters are also described in Note 2 (b). The consolidated
financial statements do not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified
with respect to this matter.

Basis for opinion

These consolidated financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements
based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (‘PCAOB’)
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards
of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated
financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to