From GlobeNewswire: 2024-12-05 12:07:00

Australian Oilseeds Holdings Limited reported financial results for the fiscal year ended June 30, 2024. Sales revenue rose by 16.1% to A$33.7 million due to strong demand for cold-pressed canola oil. Gross margin improved to 17.5%, while net loss was A$21.3 million compared to a net income of A$1.8 million. Adjusted EBITDA increased by 15.6% to A$4.1 million.

The company is focused on sustainable oilseed production and eliminating chemicals from edible oil manufacturing systems. They process non-GMO oilseeds and organic and non-organic food-grade oils, with a large portion of canola seed sourced from regenerative farming practices. Australian Oilseeds Investments Pty Ltd. is committed to providing quality products globally.

Australian Oilseeds Holdings Limited utilizes non-GAAP financial measures like Adjusted EBITDA to evaluate its performance. Adjusted EBITDA is used to understand and compare operating results, make financial decisions, and evaluate performance. It excludes certain expenses like unit and stock-based compensation and business combination transaction expenses to provide a clearer view of core operations.

Forward-looking statements in the press release address the company’s financial outlook, business strategy, and potential risks. Factors like global economic conditions, cybersecurity incidents, and the ability to manage growth could impact future results. The company’s views are subject to change, and they do not intend to update these forward-looking statements.

For more information, interested parties can access the SEC 10-K filing via the provided link. Contact information for Australian Oilseeds Holdings Limited and the Investor Relations Contact are also available for further inquiries. The company remains committed to sustainable practices and providing quality products to customers globally.



Read more at GlobeNewswire:: Australian Oilseeds Announces Fiscal 2024 Financial