Company: COOT
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010068
Chunk: 71

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-14
Form: S-1/A
Chunk 71
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 June 30, 2024, our principal sources of
liquidity were net proceeds received related to the Business Combination and cash received from customers.

We incurred a loss after income tax of AUD$21,230,681
for fiscal year 2024 and incurred profit after tax of AUD$1,844,970 for fiscal year 2023. We were in a net current liability position
of AUD$6,965,530 for the year ended 30 June 2024 and a net current liability position of AUD$678,768 for the year ended 30 June 2023.
Net cash outflows from operating activities were AUD$2,184,930 for fiscal year 2024 and net cash inflows from operating activities were
AUD$689,796 for fiscal year 2023.

As at 30 June 2024 and 2023, the consolidated
entity had cash in hand and at bank of AUD$514,140 and AUD$121,273, respectively.

In addition to the above unpaid costs incurred
by ADOC, we incurred additional professional costs of AUD$1,031,301 in relation to the NASDAQ listing activities this current year, with
the majority of the balances remaining unpaid as of 30 June 2024.

Therefore, our ability to continue its business
activities as a going concern is dependent upon us deriving sufficient cash from the business operation and being able to draw down additional
long-term debt from the senior debt provider, Commonwealth Bank of Australia, who has provided a total facility loan of AUD$14,000,000
with unused facilities as at 30 June 2024 of AUD$8,000,000. In addition, we also have the ability to draw down an additional US$6
million of redeemable debentures from the existing PIPE investors or the executed US$50 million equity line of credit (ELOC) once the
Company lodges the registration statement of the ELOC. The Company has determined that the Company’s sources of liquidity will
be sufficient to meet the Company’s financing requirements for the one year period from the issuance of its consolidated financial
statements.

As of 31 December 2024, our principal sources of liquidity were net proceeds received related to the Business Combination and cash received from customers.

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