Australian Oilseeds Announces First Quarter Fiscal 2025 Financial Results
February 10 2025 - 8:30AM
Australian Oilseeds Holdings Limited, a Cayman Islands exempted
company (the “Company”) (NASDAQ: COOT) today announced financial
results for its first quarter fiscal 2025 ended September 30, 2024.
First Quarter Fiscal 2025 Financial Highlights Compared
to Prior Year
- Sales revenue increased 6.1% to A$10.4 million due to strong
demand for the Company’s cold pressed canola oil.
- Retail oil revenue increased 59.9% to A$5.7 million due to
expanded distribution in leading retailers in Australia along with
the addition of several new SKUs.
- Net loss of A$0.6 million compared to net income of A$1.4
million, reflecting changes to sales mix along with the timing of
planned investments in brand and marketing to support our GEO
products.
- Cash flow from operations improved to A$0.6 million compared to
a use of A$1.5 million.
“We delivered exceptionally strong growth in our retail oils
business during the first quarter driven primarily by our expanded
distribution in Costco and Woolworths in Australia, ” said Gary
Seaton, Chief Executive Officer. “We also benefited from three new
SKUs that were launched in coordination with focused, integrated
marketing campaigns across our key retail partners. While margins
and profitability were impacted by the timing of our investments in
branding initiatives during the quarter, as planned, we believe we
are still well positioned to drive improving results as our
business continues to grow and scale. We remain steadfast in our
commitment to eliminating chemicals from the edible oil production
and manufacturing systems to supply quality products such as
non-GMO oilseeds and organic and non-organic food-grade oils to
customers globally.”
About Australian Oilseeds Investments Pty Ltd.
Australian Oilseeds Investments Pty Ltd. is an Australian
proprietary company that, directly and indirectly through its
subsidiaries, is focused on the manufacture and sale of sustainable
oilseeds (e.g., seeds grown primarily for the production of edible
oils) and is committed to working with all suppliers in the food
supply chain to eliminate chemicals from the production and
manufacturing systems to supply quality products to customers
globally. The Company engages in the business of processing,
manufacture and sale of non-GMO oilseeds and organic and
non-organic food-grade oils, for the rapidly growing oilseeds
market, through sourcing materials from suppliers focused on
reducing the use of chemicals in consumables in order to supply
healthier food ingredients, vegetable oils, proteins and other
products to customers globally. Over the past 20 years, the
Company’s cold pressing oil plant has grown to become the largest
in Australia, pressing strictly GMO-free conventional and organic
oilseeds.
Forward-Looking Statements: This press
release contains "forward-looking statements" within the meaning of
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995, including but not limited to, statements
regarding our financial outlook, business strategy and plans,
market trends and market size, opportunities and positioning. These
forward-looking statements are based on current expectations,
estimates, forecasts and projections. Words such as "expect,"
"anticipate," "should," "believe," "hope," "target," "project,"
"goals," "estimate," "potential," "predict," "may," "will,"
"might," "could," "intend," "shall" and variations of these terms
and similar expressions are intended to identify these
forward-looking statements, although not all forward-looking
statements contain these identifying words. Forward-looking
statements are subject to a number of risks and uncertainties, many
of which involve factors or circumstances that are beyond our
control. For example, global economic conditions could in the
future reduce demand for our products; we could in the future
experience cybersecurity incidents; we may be unable to manage or
sustain the level of growth that our business has experienced in
prior periods; our financial resources may not be sufficient to
maintain or improve our competitive position; we may be unable to
attract new customers, or retain or sell additional products to
existing customers; we may experience challenges successfully
expanding our marketing and sales capabilities, including further
specializing our sales force; customer growth could decelerate in
the future; we may not achieve expected synergies and efficiencies
of operations from recent acquisitions or business combinations,
and we may not be able to pay off our convertible notes when due.
Further information on potential factors that could affect our
financial results is included in our most recent Annual Report on
Form 10-K and our other filings with the Securities and Exchange
Commission. The forward-looking statements included in this press
release represent our views only as of the date of this press
release and we assume no obligation and do not intend to update
these forward-looking statements.
ContactAustralian Oilseeds Holdings
Limited126-142 Cowcumbla StreetCootamundra New South Wales
2590Attn: Bob Wu, CFOEmail: bob@energreennutrition.com.au
Investor Relations ContactReed Anderson(646)
277-1260reed.anderson@icrinc.com
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