Company: COOT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005620
Chunk: 48

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 48
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 of our IFRS financial measures and should only be used as a supplement to,
not as a substitute for, our financial results presented in accordance with IFRS.

We
consider Adjusted EBITDA to be an important indicator of the operational strength and performance of our business and a good measure
of our historical operating trends. Adjusted EBITDA eliminates items that we do not consider to be part of our core operations. We define
Adjusted EBITDA as IFRS net loss excluding the following items: interest income; income taxes; depreciation and amortization of tangible
and intangible assets; unit and stock-based compensation; Business Combination transaction expenses; and other non-recurring items that
may arise from time to time.

The
non-IFRS adjustments, and our basis for excluding them from our non-IFRS financial measure, are outlined below:

    ●
    Unit
    and Stock-based compensation – Although unit and stock-based compensation is an important aspect of the compensation paid
    to our employees, the grant date fair value varies based on the derived stock price at the time of grant, varying valuation methodologies,
    subjective assumptions, and the variety of award types. This makes the comparison of our current financial results to previous and
    future periods difficult to interpret; therefore, we believe it is useful to exclude unit and stock-based compensation from our non-IFRS
    financial measures to highlight the performance of our business and to be consistent with the way many investors evaluate our performance
    and compare our operating results to peer companies.

 38 

The
following table reconciles IFRS net profit to Adjusted EBITDA during the periods presented (in thousands): 

    Three
    Months Ended
    30 September 2024

    Three
    Months Ended
    30 September 2023

    Net
    (Loss) Profit
     
    $
    (646,333
    )
     
    $
    1,410,531

    Interest
    Expense
     
    $
    313,985

    $
    164,845

    Depreciation
    and amortization
     
    $
    87,655

    $
    127,344

    Adjusted
    EBITDA
     
    $
    (244,693
    )
     
    $
    1,702,720

Contractual
Obligations and Commitments and Liquidity Outlook

Our
ability