Company: COOT
Filing Date: 2025-03-31
Form Type: 10-Q
Source: 0001641172-25-001552
Chunk: 8

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-03-31
Form: 10-Q
Item: Item 2
Chunk 8
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the previous period was due to the Company securing three supply contracts to supply 15 Costco Australia stores, 1,050 Woolworth Supermarkets
national stores and 850 Coles supermarket stores throughout Australia. The Company also developed four new SKU to target the retail consumers
from 2024 through integrated marketing campaign with the supermarkets. As the Company focused on developing the retail market during
the current quarter of 2024, the whole sales proportion became smaller than last year quarter. High protein meals for the feed industry
represented 27.3% of our revenue for the three months ended 31 December 2024, compared to 32.8% for the three months ended 31 December
2023, and decreased AUD$0.4 million as compared to the prior period. The primary driver for the revenue decrease in high protein meals
for the three months ended 31 December 2024, compared to the previous period was a decrease of sales price of protein meal due to Australia
experiencing good rainfall year caused less demand of protein meal in feedlot market.

27

Other
sales represent a small portion of our revenue and represented 0.4% of the revenue for the three months ended 31 December 2024, compared
to 1.2% for the three months ended 31 December 2023, a decrease of AUD$0.08 million for the three months ended 31 December 2024, as compared
to the three months ended 31 December 2023.

Cost
of Sales

    Three Months Ended 31 December (AUD) 

    2024  
    2023  
    Change  
    Change % 

    Cost of material 
    $5,401,859  
    $5,016,145  
    $385,715  
     7.7%
  
    Cost of finished goods 
     2,189,181  
     1,745,113  
     444,068  
     25.4%
  
    Freight and storage 
     772,866  
     521,170  
     251,696  
     48.3%
  
    Depreciation 
     83,823  
     79,797  
     4,026  
     5.0%
  
    Occupancy costs 
     151,923  
     88,698  
     63,225