Company: COOT
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001641172-25-009369
Chunk: 67

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-09
Form: S-1/A
Chunk 67
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                                    | 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.

Liquidity and Capital Resources

As of June 30, 2024, our principal sources of
liquidity were net proceeds received related to the Business Combination and cash received from customers.

We incurred a loss after income tax of AUD$21,230,681
for fiscal year 2024 and incurred profit after tax of AUD$1,844,970 for fiscal year 2023. We were in a net current liability position
of AUD$6,965,530 for the year ended 30 June 2024 and a net current liability position of AUD$678,768 for the year ended 30 June 2023.
Net cash outflows from operating activities were AUD$2,184,930 for fiscal year 2024 and net cash inflows from operating activities were
AUD$689,796 for fiscal year 2023.

As at 30 June 2024 and 2023, the consolidated
entity had cash in hand and at bank of AUD$514,140 and AUD$121,273, respectively.

In addition to the above unpaid costs incurred
by ADOC, we incurred additional professional costs of AUD$1,031,301 in relation to the NASDAQ listing activities this current year, with
the majority of the balances remaining unpaid as of 30 June 2024.

Therefore, our ability to continue its business
activities as a going concern is dependent upon us deriving sufficient cash from the business operation and being able to draw down additional
long-term debt from the senior debt provider, Commonwealth Bank of Australia, who has provided a total facility loan of AUD$14,000,000
with unused facilities as at 30 June