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Stock impact report

Australian Oilseeds Announces Fiscal 2024 Financial Results

Australian Oilseeds Holdings Limited - Ordinary Shares (COOT) 
Company Research Source: GlobeNewswire
COOTAMUNDRA, Australia, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT) today announced financial results for its fiscal year ended June 30, 2024. Fiscal 2024 Financial Highlights Compared to Prior Year Sales revenue increased 16.1% to A$33.7 million due to strong demand for the Company’s cold-pressed canola oil.Gross margin of 17.5% improved 40 basis points reflecting lower relative production costs partially offset by brand investments along with higher freight and storage.Net loss of A$21.3 million compared to net income of A$1.8 million, mostly due to A$23.2 million of recapitalization expense.Adjusted EBITDA increased 15.6% to A$4.1 million. “We are pleased to report strong fiscal 2024 results, reflecting steady progress with our key strategic initiatives,” said Gary Seaton, Chief Executive Officer. “Revenues increased by more than 16% driven by strong demand for our cold pressed canola Show less Read more
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