Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 65

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 2
Chunk 65
---

    20.9
    %
  
    Cost
    of finished goods

    2,148,528

    971,500

    1,177,028

    121.2
    %
  
    Freight
    and storage

    697,451

    620,446

    77,005

    12.4
    %
  
    Depreciation

    83,823

    125,457

    (41,634
    )

    (33.2
    )%
  
    Occupancy
    costs

    145,464

    112,189

    33,275

    29.7
    %
  
    Labor
    costs

    587,631

    521,835

    65,796

    12.6
    %
  
    Repairs
    and maintenance

    8,167

    94,984

    (86,817
    )

    (91.4
    )%
  
    Total
    cost of sales
     
    $
    9,498,485

    $
    7,265,691

    $
    2,232,794

    30.7
    %

The
cost of sales for the three months ended 30 September 2024 was AUD$9.5 million, an increase of AUD$2.2 million, or 30.7% as compared
to the three months ended 30 September 2023. The primary reason for the increase was caused by cost of material (canola seed) in a rise
and labor cost increase during the quarter. The cost component changed as a result of recognizing cost of finished goods when the oil
products were sold in the retail market. The decrease gross margin was mainly due to the development of “Good Earth Oils”
branding products in the retail market with support of strong marketing campaign. It is attributed to an increase in cost of finished
goods when the Company outsourced coconut oils from overseas suppliers.

 35 

General
and administrative expenses

    Three
    Months Ended 30 September

    2024

    2023

    Change

    Change
    %

    General
    and administrative expenses
     
    $
    830,406

    $
    885,803

    $
    (55,397
    )

    (6.