Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 42

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 42
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 our revenue for the three months ended 30 September 2024, compared to 32.4% for the three months ended 30 September
2023, and decreased AUD$1.1 million, as compared to the prior year. Retail oils represented 55.2% of our revenue for the three months
ended 30 September 2024, compared to 36.6% for the three months ended 30 September 2023, and increased AUD$2.1 million, as compared to
the prior period. The primary driver for the revenue decrease in wholesale oils and the revenue increase in retail oils for the three
months ended 30 September 2024 compared to the previous period was due to the Company securing two supply contracts to supply 15 Costco
Australia stores and 1,111 Woolworth Supermarkets national stores, Australia’s largest supermarket chain. The Company also developed
three 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.
Hype protein meals for the feed industry represented 24.3% of our revenue for the three months ended 30 September 2024, compared to 27.7%
for the three months ended 30 September 2023, and decreased AUD$0.2 million as compared to the prior period. The primary driver for the
revenue decrease in hype protein meals for the three months ended 30 September 2024, compared to the previous period was a decrease of
sales price of protein meal due to Australia experiencing rainfall year caused less demand of protein meal in feedlot market.

Toll
crushing service, seeds, and other sales represent a small portion of our revenue. Those categories combined represented 0.2% of the
revenue for the three months ended 30 September 2024, compared to 3.3% for the three months ended 30 September 2023, a decrease of AUD$0.3
million for the three months ended 30 September 2024, as compared to the three months ended 30 September 2023.

Cost
of Sales

    Three
    Months Ended 30 September

    2024

    2023

    Change

    Change
    %

    Cost
    of material
     
    $
    5,827,421

    $
    4,