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COOTAMUNDRA, Australia - Australian Oilseeds Holdings Limited (NASDAQ: COOT), a producer of non-GMO cold pressed oils, has announced the expansion of its product distribution through Woolworths, one of Australia’s leading retailers. This partnership will see Australian Oilseeds’ GEO Extra Virgin Non-GMO Canola oil and GEO Non-GMO Extra Virgin Vegetable oil available in Woolworths stores nationwide, with pack sizes ranging from 750ml to 4L. The company, currently valued at approximately $28 million, aims to leverage this partnership to boost its annual revenue, which reached $22.5 million in the last twelve months.
Gary Seaton, CEO of Australian Oilseeds Holdings, expressed satisfaction with the collaboration, emphasizing the alignment with the company’s mission to reduce chemical usage in agriculture and food production. The agreement is expected to contribute to the company’s growth trajectory and strategic initiatives, following a recent expansion into the Chinese market. According to InvestingPro data, the company has demonstrated revenue growth of 16.1% in the last twelve months, despite operating with modest gross profit margins of 17.5%.Want deeper insights into COOT’s financial health and growth potential? InvestingPro subscribers have access to over 30 additional financial metrics and exclusive analysis.
The company is also in talks with additional retail chains in Australia and the United States to supply its range of non-GMO cold pressed extra virgin vegetable oils. Australian Oilseeds Holdings prides itself on being the largest cold pressing oil plant in Australia, focusing on GMO-free conventional and organic oilseeds for over 20 years.
The expansion with Woolworths is set to increase the availability of the company’s healthier oil options throughout 2025. This move underscores Australian Oilseeds Holdings’ commitment to offering quality products that promote a cleaner environment by eliminating chemicals from the food supply chain.
While the company’s press release contains forward-looking statements regarding its business strategy and market positioning, these statements are subject to various risks and uncertainties that could affect future results. Changes in global economic conditions, cybersecurity incidents, or challenges in sustaining growth and managing resources are among the factors that could impact the company’s performance. InvestingPro analysis indicates that COOT’s current ratio of 0.62 suggests potential liquidity challenges, with short-term obligations exceeding liquid assets. The stock is currently trading near its InvestingPro Fair Value, with 5 additional ProTips available to subscribers for comprehensive investment decision-making.
This news is based on a press release statement from Australian Oilseeds Holdings Limited.
In other recent news, Australian Oilseeds Holdings Ltd has regained compliance with Nasdaq’s listing requirements. The fats and oils manufacturer was notified by the Nasdaq Listing Qualifications staff that its stock maintained a closing bid price of at least $1.00 per share for 15 consecutive business days. This marks the resolution of a previously reported issue, where the company was under scrutiny for potential delisting due to its share price falling below the required minimum. Australian Oilseeds addressed this matter in a Form 6-K filed with the Securities and Exchange Commission. The regained compliance with Listing Rule 5450(a)(1) indicates that the concern regarding the company’s listing status is now closed. The company’s ordinary shares and warrants, both listed on the Nasdaq Stock Market, have met the exchange’s standards once again. These are the latest developments for the company.
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