COOTHIGH SIGNALRISK10-Q

COOT's financial distress has significantly worsened, with quarterly losses deepening from AUD $320k to $630k and net current liabilities ballooning to AUD $9.6 million.

The company's going concern issues are accelerating rapidly, with losses nearly doubling quarter-over-quarter and working capital deficit expanding by over AUD $1.2 million in just three months. This deteriorating liquidity position, combined with sustained operational losses, signals immediate financial distress that could threaten the company's ability to continue operations without urgent capital injection or restructuring.

Comparing 2025-05-30 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

COOT's financial position has deteriorated sharply, with quarterly losses nearly doubling from AUD $320k to $630k, while nine-month cumulative losses reached AUD $1.6 million compared to a AUD $2.4 million profit in the prior year. The company's net current liability position worsened dramatically from AUD $8.4 million to $9.6 million in just three months, representing a concerning acceleration in working capital deterioration. This combination of widening losses and rapidly declining liquidity creates substantial going concern risks that appear to be intensifying rather than stabilizing.

LANGUAGE CHANGES
NEW — 2025-05-30
PRIOR — 2025-03-31
ADDED
The preparation of financial statements in compliance with adoption of IFRS Accounting Standards requires the use of certain critical accounting estimates.
The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company s financial position as of 31 March 2025 and the results of operations and cash flows for the nine months ended 31 March 2025 and 2024.
The Company s financial statements comprise the financial statements of the Company and its subsidiaries as of June 30, each year.
Details of subsidiaries as of 31 March 2025 and 30 June 2024 were as follows: Schedule of Subsidiaries Subsidiaries % of legal ownership 31 Mar 2025 % of legal ownership 30 Jun 2024 Country of Incorporation Principal business activities Australian Oilseeds Pty Ltd.
(c) Substantial doubt regarding Going Concern The Company incurred a loss after income tax for three months ended 31 March 2025 of AUD$ 630,633 (31 March 2024: Profit AUD$ 41,185 ) and for nine months ended 31 March 2025 a loss of AUD$ 1,597,298 (31 March 2024: Profit AUD$ 2,422,104 ).
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REMOVED
The preparation of financial statements in compliance with adopted International Accounting Standards requires the use of certain critical accounting estimates.
The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company s financial position as of 31 December 2024 and the results of operations and cash flows for the six months ended 31 December 2024 and 2023.
The Company s financial statements comprise the financial statements of the Company and its subsidiaries as of December 31, each year.
Details of subsidiaries as of 31 December 2024 and 30 June 2024 were as follows: Schedule of Subsidiaries Subsidiaries % of legal ownership 31 Dec 2024 % of legal ownership 30 Jun 2024 Country of Incorporation Principal business activities Australian Oilseeds Pty Ltd.
(c) Substantial doubt regarding Going Concern The Company incurred a loss after income tax for 3 months ended 31 December 2024 of AUD$ 320,332 (31 December 2023: Profit AUD$ 970,388 ) and for six months ended 31 December 2024 a loss of AUD$ 966,665 (31 December 2023: Profit AUD$ 2,380,919 ).
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