Company: COOT
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001641172-25-004895
Chunk: 194

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-04-15
Form: S-1
Chunk 194
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 of AUD$ 8,392,672as of 31 December 2024 (30 June 2024: AUD$ 6,965,530). Net cash outflow from operating activities was AUD$ 2,468,989for the six months ended 31 December 2024 (31 December 2023: AUD$ 1,587,408).

| F-38 |

As of 31 December 2024, the consolidated entity had cash in hand and at bank of AUD$ 1,437,667(30 June 2024: AUD$ 514,140).

The above factors raise substantial doubt about the Group’s ability to continue as a going concern unless it can successfully meet the stated objectives and/or raise additional funds with its financiers and investors.

As at 31 December 2024, all banking covenants associated with the borrowings from the Commonwealth Bank of Australia were in compliance. There are two covenants being:

| ● | The                                                                                                           
 interest cover ratio in respect of the obligor must for each reporting period be no less than 2.50 times; and |
| ● | The                                                                                                           
 net working capital ratio must at all times be more than 80%.                                                 |

Company’s ability to continue its business activities as a going concern is dependent upon the Company deriving sufficient cash from the business operation and being able to draw down additional long-term debt from the senior debt provider, CBA, who has provided a total facility loan of AUD$ 14,000,000with unused facilities as at 31 December 2024 of AUD$ 6,028,897which is repayable on demand. In addition, the Company also has the ability to draw down an additional US$ 6million of redeemable debentures from the existing PIPE investors or executing a US$ 50million equity line of credit (ELOC) once the Company lodges the registration statement of the ELOC.

Accordingly, the directors have prepared the financial statements on a going concern basis which contemplates continuity of normal activities and realization of assets and settlement of liabilities in the normal course of business.

Should the Company be unable to obtain funding from banks or other financiers, PIPE investors or fail to execute the ELOC, the Company may be required to realize its assets and discharge its liabilities other than in normal course of business and at amounts different to those stated in these financial statements. The financial statements do not include any adjustments to the recoverability and classification of asset carrying amounts or amounts