6-K 1 form6-k.htm 6-K

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2025

 

Commission File Number: 001-41324

 

Australian Oilseeds Holdings Limited

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-41986   N/A

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

126 – 142 Cowcumbla Street, Cootamundra
Site 2: 52 Fuller Drive Cootamundra
PO Box 263 Cootamundra, Australia 2590
(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: +02 6942 4347

 

Not Applicable

(Former name or former address, if changed since last report)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

   

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Explanatory Note

 

As previously reported by Australian Oilseeds Holdings Limited (the “Company”), on August 22, 2025, the Company received written notice from The Nasdaq Stock Market LLC (“Nasdaq”) that a Nasdaq Hearings Panel (the “Panel”) has determined to grant the request of the Company to continue its listing on Nasdaq for the period and subject to specified conditions. The Panel granted the Company an extension to regain compliance with continued listing requirements and demonstrate long-term compliance with Nasdaq Listing Rule 5450(b)(1)(A) (the “Equity Rule”) (which requires listed issuers to maintain minimum stockholders’ equity of $2.5 million).

 

Specifically, the Panel provided the Company until September 30, 2025 to demonstrate compliance with the Equity Rule by filing a timely public disclosure describing the transactions undertaken by the Company to achieve compliance and demonstrate long-term compliance with the Equity Rule, and by providing an indication of its equity following those transactions. The Company may do so by including in the public filing a balance sheet with pro forma adjustments for any significant transactions or events occurring on or before the report date.

 

Interim Balance Sheet Showing Pro Forma Adjustments to Demonstrate Compliance

 

In compliance with the requirements of the Nasdaq Panel, the Company is filing this Form 6-K containing its unaudited balance sheet and income statement as of the end of its fiscal year of June 30, 2025 to demonstrate its continued compliance with the Equity Rule, which were reviewed by BDO. Shareholder's equity as of June 30, 2025 as per the Company’s unaudited balance sheet is AUD 4,721,826, which is equivalent to USD 3,166,405 (current exchange rate AUD/USD 0.66). BDO’s audit opinion is not provided as of today, we expect Form 20F with the BDO audit opinion to be filed on a timely basis on or before October 31, 2025.

 

   

 

 

AUSTRALIAN OILSEEDS HOLDINGS LIMITED

 

UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025 AND 30 JUNE 2024 AND JUNE 30 2023

 

   2025   2024   2023 
   AUD$   AUD$   AUD$ 
ASSETS               
CURRENT ASSETS               
Cash and cash equivalents   2,309,303    514,140    121,273 
Trade and other receivables   5,963,954    4,470,101    4,437,253 
Inventories   5,897,651    6,202,160    1,020,469 
Prepayment of seed purchase   -    -    3,672,697 
Other current assets   1,339,160    201,830    553,315 
TOTAL CURRENT ASSETS   15,510,068    11,388,231    9,805,007 
NON-CURRENT ASSETS               
Investments in associates   -    -    89,977 
Property, plant and equipment   15,646,308    14,617,513    10,542,592 
Right-of-use asset   925,364    944,420    1,040,472 
Other assets   -    429,841    - 
Deferred tax assets   34,270    34,270    - 
Intangible assets   2,582,495    2,582,495    2,582,495 
TOTAL NON-CURRENT ASSETS   19,188,437    18,608,539    14,255,536 
TOTAL ASSETS   34,698,505    29,996,770    24,060,543 
LIABILITIES               
CURRENT LIABILITIES               
Trade and other payables   12,744,630    10,455,684    6,712,768 
Borrowings   

6,472,136

    978,574    396,881 
Lease liability, current   89,109    89,109    82,386 
Income Tax liabilities   -    128,927    - 
Related party loans   5,880,571    4,111,661    3,188,006 
Convertible note, net of discount   1,441,900    1,181,953    - 
Warrant liabilities   180,918    238,613    - 
Promissory note – related party, current   1,538,322    968,216    - 
Employee benefits   150,799    201,024    103,734 
TOTAL CURRENT LIABILITIES   

28,498,385

    18,353,761    10,483,775 
NON-CURRENT LIABILITIES               
Borrowings   

-

    5,051,910    2,078,570 
Promissory note - related party, non-current   

-

    273,676    - 
Lease liability, non-current   790,235    879,347    971,752 
Related party loans   688,059    4,530,507    2,873,929 
TOTAL NON-CURRENT LIABILITIES   1,478,294    10,735,440    5,924,251 
TOTAL LIABILITIES   29,976,679    29,089,201    16,408,026 
NET ASSETS   4,721,826    907,569    7,652,517 
EQUITY               
Share capital   4,029    3,562    2,860 
Share premium   22,292,939    17,064,658    2,579,627 
Foreign currency translation reserve   (19,968)   -    - 
(Accumulated losses) Retained earnings   (19,179,244)   (17,950,222)   3,712,333 
Total (deficit) equity attributable to equity holders of the Company   3,097,756    (882,002)   6,294,820 
Non-controlling interest   1,624,070    1,789,571    1,357,697 
TOTAL EQUITY   4,721,826    907,569    7,652,517 

 

   

 

 

AUSTRALIAN OILSEEDS HOLDINGS LIMITED

 

UNAUDITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

FOR THE YEARS ENDED 30 JUNE 2025 AND 30 JUNE 2024 AND JUNE 30 2023

    2025     2024     2023  
    AUD$     AUD$     AUD$  
Sales revenue     41,702,614       33,727,222       29,049,345  
Cost of sales     (38,240,704 )     (27,810,782 )     (24,062,603 )
Gross profit     3,461,910       5,916,440       4,986,742  
General and administrative expenses     (3,197,936 )     (3,224,843 )     (2,467,432 )
Selling and marketing expenses     (372,707 )     (412,536       -  
Other income     448,410       707,911       48,273  
Operating profit     339,677       2,986,972       2,567,583  
Finance expenses     (1,728,276 )     (835,813 )     (612,735 )
Change in fair value of warrant liabilities     42,872       141,874       -  
Recapitalization expense     -       (23,210,293 )     -  
(Loss) Profit before income tax     (1,345,727 )     (20,917,260 )     1,954,848  
Income tax expense     (49,094 )     (313,421 )     (109,878 )
(Loss) Profit for the year     (1,394,821 )     (21,230,681       1,844,970  
Other comprehensive income for the year, net of tax     -       -       -  
Total comprehensive (loss) income     (1,394,821 )     (21,230,681 )     1,844,970  
(Loss) Profit attributable to:                        
Members of the parent entity     (1,229,022 )     (21,662,555 )     1,432,693  
Non-controlling interest     (165,799 )     431,874       412,277  
Total (Loss) Income     (1,394,821 )     (21,230,681 )     1,844,970  
Total comprehensive (loss) income attributable to:                        
Members of the parent entity     (1,229,022 )     (21,662,555 )     1,432,693  
Non-controlling interest     (165,799 )     431,874       412,277  
Total     (1,394,821 )     (21,230,681 )     1,844,970  
Earnings per share attributable to the ordinary equity holders of the parent                        
Profit or loss                        
Basic (loss) earnings per share (cents)     (0.06 )     (1.07 )     0.10  
Diluted (loss) earnings per share (cents)     (0.06 )     (1.07 )     0.10  

 

   

 

 

AUSTRALIAN OILSEEDS HOLDINGS LIMITED

 

UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEARS ENDED 30 JUNE 2025 AND 30 JUNE 2024 AND 30 JUNE 2023

 

               Non-  

Foreign

currency

     
   Shares   Share   Retained   controlling   translation     
   Capital   Premium   Earnings   Interests   reserve   Total 
   AUD$   AUD$   AUD$   AUD$   AUD$   AUD$ 
Balance on 30 June 2022   2,860    2,579,627    2,279,640    945,420                -    5,807,547 
                               
Profit attributable to members of the parent entity   -    -    1,432,693    412,277    -    1,844,970 
Balance on 30 June 2023   2,860    2,579,627    3,712,333    1,357,697    -    7,652,517 

 

               Non-  

Foreign

currency

     
   Shares   Share   Retained   controlling   translation     
   Capital   Premium   Earnings   Interests   reserve   Total 
   AUD$   AUD$   AUD$   AUD$   AUD$   AUD$ 
Balance on 30 June 2023   2,860    2,579,627    3,712,333    1,357,697    -    7,652,517 
                               
Issuance of shares to SPAC shareholders   19    3,024,191    -    -    -    3,024,210 
Issuance of shares to SPAC founders   409    (5,791,835)   -    -         (5,791,426)
Issuance of shares in exchange for advisory services   107    (107)   -    -    -    - 
Conversion of convertible notes   23    2,300,590    -    -    -    2,300,613 
Conversion of rights   144    (144)   -    -    -    - 
Recapitalizations costs   -    16,126,854    -    -    -    16,126,854 
Costs attributable to the issuance of shares in connection with the business combination   -    (1,315,013)   -    -    -    (1,315,013)
Issuance of convertible note – equity component   -    140,495    -    -    -    140,495 
Loss attributable to members of the parent entity   -    -    (21,662,555)   431,874    -    (21,230,681)
Balance on 30 June 2024   3,562    17,064,658    (17,950,222)   1,789,571    -    907,569 
Conversion of related party loan   445    4,998,067    -    -    -    4,998,512 
Conversion of convertible note   22    230,214    -    -    -    230,236 
Loss attributable to members of the parent entity   -    -    (1,229,022)   (165,799)   -    (1,394,821)
Reclass   -    -    -    298    -    298 
Unrealised loss on translation   -    -    -    -    (19,968)   (19,968)
Balance on 30 June 2025   4,029    22,292,939    (19,179,244)   1,624,070    (19,968)   4,721,826 

 

   

 

 

Cautionary Note Regarding Forward-Looking Statements

 

This Current Report on Form 6-K includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “expects,” “intends,” “plans,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such statements are subject to certain risks and uncertainties that may cause the Company’s actual results to differ from the expectations expressed in the forward-looking statements. There can be no assurance that the Company will achieve such expectations, including meeting Nasdaq compliance standards and other Nasdaq requirements and conditions for listing. The forward-looking statements contained in this report speak only as of the date of this report and the Company undertakes no obligation to publicly update any forward-looking statements to reflect changes in information, events or circumstances after the date of this report, unless required by law.

 

   

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Australian Oilseeds Holdings Limited
     
Date: September 30, 2025 By: /s/ Gary Seaton
  Name: Gary Seaton
  Title: Chief Executive Officer and Director