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

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-03-31
Form: 10-Q
Item: Item 2
Chunk 10
---
 for the three months ended 31 December 2024 were AUD$0.08 million, a decrease of AUD$0.1 million, or 54.3% compared
to the three months ended 31 December 2023. This decrease was due to recognition of Bad debt amounting to nil and AUD 142K in period
ended 31 December 2024 and 31 December 2023.

Other
Income

    Three Months Ended 31 December (AUD) 

    2024  
    2023  
    Change  
    Change % 

    Other income 
    $31,155  
    $41,173  
    $(10,018) 
     (24.3)%

Other
income for the three months ended 31 December 2024 was AUD$0.03 million, a decrease of AUD$0.01 million, or 24.3% compared to the three
months ended 31 December 2023. This decrease was primarily due to Interest charges to customers.

Finance
expenses

    Three Months Ended 31 December (AUD) 

    2024  
    2023  
    Change  
    Change % 

    Finance expenses 
    $329,854  
    $113,371  
    $216,483  
     190.9%

Finance
expenses increased by AUD$0.2 million or 190.9% to AUD$0.3 million for the three months ended 31 December 2024 compared to AUD$0.1 million
for the three months ended on 31 December 2023, primarily due to the fact that the Company began to repay the AUD$4m asset finance provided
by Commonwealth Bank of Australia to expand the existing Cootamundra Oilseeds factory plant, the amortization of the convertible note
discount of AUD$0.1 million and the interest accrual on the promissory notes with American Physicians LLC and utilization of trade finance
facility from Commonwealth Bank of Australia.

28

Liquidity
and Capital Resources

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