AOH has a controlling stake in the Cootamundra Oilseeds crush plant. Photo: Liz Wells

NASDAQ-LISTED Australian Oilseeds Holdings (AOH) has posted a net loss after income tax of AU$2.48 million in the six months to December 31.

The losses had widened by around 160 percent year on year, increasing from $966,665 in the prior corresponding period.

AOH has an 82.7pc stake in the Cootamundra Oilseeds crushing plant on the south-west slopes of New South Wales, and via a subsidiary is progressing plans to construct a new crushing facility at Emerald in Central Queensland.

It also has a controlling stake in Good Earth Oils, a retail brand that sells cold-pressed canola, vegetable and olive oils.

In a release published to the United States Securities and Exchange Commission last week, the company reported revenue for the half of $22.85M, up from $22.73M in the same period of 2024.

Cost of sales also increased between years, in line with sales, at $20.8M in 2025, compared to $18.7M in 2024.

AOH recorded a more than 40pc jump in revenue from its wholesale oils segment during the half.

This equated to $7.59M in sales for the December 2025 half, up from $4.43M in 2024.

It marked a reversal of trends seen in AOH’s financials in the first half of 2025 and in 2024, when retail sales grew while wholesale revenue declined.

Retail oil sales remained the largest revenue source at $9.37M in 2025, although it was $1.51M lower than the same period in 2024.

High-protein meal sales were $5.65M in the second half of 2025, in line with the previous year’s result of $5.35M.

There was no single cause of the increase in cost of sales between the reporting periods, but there were minor rises in costs for finished goods, materials, freight and storage, repairs and maintenance, and occupancy.

The cost of “direct labor” fell between years with $882,000 reported for the 2025 half, compared to $1.15M for the previous corresponding half.

During the 2025 half, AOH made several transactions with related companies.

The major items included $4.1M with Energreen Nutrition for seed purchases, $2.55M in sales of meals and oils, and $82,000 in management fees.

Unlike past reports, the financial report made no mention of progress of the Emerald crushing plant.

The project has been approved by the Queensland Government and the Central Highlands Regional Council.

There is no accounting in the report for the $5M in funding and tax credits committed by the former Qld Government under the Industry Partnership Program.

However, it is unclear which entity will receive the funds, with the grant going to Energreen Nutrition, of which AOH chief executive officer Gary Seaton is the managing director.

Acquisition, capital injection

Earlier this year AOH acquired 51pc of all outstanding ordinary shares in RentBuddyUK Limited.

The gross consideration for the equity stake is US$5.33M “structured as a deferred, multi-tranche cash settlement”.

The company run automated rent guarantee and rental income-stabilisation solutions.

According to AOH, the RentBuddyUK “platform operates primary commercial services tailored heavily toward international students, young professionals, self-employed individuals, and expatriates who lack traditional local credentials which still is a blank niche market”.

The report said this was part of a strategy to expand outside of agriculture.

“From the acquisition, the company strategic intent to diversify business from agricultural processing into high-margin, property-related financial services with recurring revenue models,” the report said.

Also this year, the company raised a total of US$10.4M through two securities purchase agreements as part of a private placement.

The first, on 29 January, raised up to $2M in gross proceeds, followed by another on 25 March that raised $8.4M.

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