Cash flow generation remains highly inconsistent, with an OCF/NI ratio of 10.64 in 2025Q4 highlighting a disconnect between reported earnings and actual liquidity management.
| Cash from Operations | 958.09K | -2.18M | 689.8K | 785.21K | -666.05K |
| Operating CF Margin % | 2.3% | -9.71% | 3.57% | 3.15% | -5.42% |
| Operating CF Growth % | 143.85% | -416.75% | -12.15% | 217.89% | - |
| Net Income | -1.23M | -14.45M | 954.24K | -1.24M | 1.07M |
| Depreciation & Amortization | 0 | 498.57K | 380.91K | 0 | 536.55K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.43M | 8.71M | 2.36M | 618.45K | -117.05K |
| Working Capital Changes | 755.41K | 3.06M | -3M | 1.41M | -2.15M |
| Change in Receivables | -1.4M | -32.85K | -589.05K | 0 | -428.72K |
| Change in Inventory | 301.86K | -5.18M | 75.21K | 0 | -1.17M |
| Change in Payables | 2.27M | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.37M | -3.98M | -2.82M | -476.98K | -124.78K |
| Capital Expenditures | -1.37M | -3.98M | -1.88M | -476.98K | -124.78K |
| CapEx % of Revenue | 3.28% | 17.67% | 9.71% | 1.91% | 1.02% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 0 | -739.47K | 1.24M | 0 |
| Cash from Financing | 2.19M | 6.55M | 1.78M | -91.53K | 1.19M |
| Debt Issued (Net) | 2.35M | 7.57M | 1.18M | 1.24M | 1.19M |
| Equity Issued (Net) | 0 | 3.02M | -104.88M | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -104.88M | 0 | 0 |
| Other Financing | -164.66K | -4.04M | 105.47M | -1.33M | 0 |
| Net Change in Cash | 1.79M | 392.87K | -353.7K | 216.7K | 397.6K |
| Free Cash Flow | -410.13K | -6.16M | -2.13M | -1.07M | -790.83K |
| FCF Margin % | -0.98% | -27.39% | -11.01% | -4.3% | -6.43% |
| FCF Growth % | 93.34% | -189.15% | -98.71% | -35.59% | - |
| FCF per Share | -0.02 | -0.31 | -0.11 | -0.09 | -0.07 |
| FCF Conversion (FCF/Net Income) | -0.78x | 0.15x | 0.48x | -0.63x | 0.90x |
| Interest Paid | 0 | 472.67K | 367.71K | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
Volatile working capital cycles
As reported in recent financial filings, the relationship between net income and operating cash flow remains highly erratic, with the 2025Q4 period showing an OCF/NI ratio of 10.64, which suggests that reported earnings are currently failing to capture the underlying cash-generating volatility of the business.
The significant divergence between net income and operating cash flow indicates that accrual-based accounting may be masking the true cash-burn profile of the company. Investors should monitor whether this disconnect is a result of temporary timing differences in revenue recognition or a structural inability to convert accounting profits into actual liquidity.
Based on the company's quarterly data, free cash flow trajectory remains highly unstable, swinging from a negative $5.3 million in 2025Q2 to a positive $2.4 million in 2025Q4, reflecting the inherent difficulty in maintaining consistent cash margins within the specialized oilseed processing sector.
The extreme volatility in FCF margins suggests that the company's cash flow is highly sensitive to seasonal harvest cycles and spot market pricing. This lack of predictability makes it difficult to determine if the recent positive FCF in 2025Q4 represents a sustainable turning point or merely a transient benefit from working capital management.
According to the provided cash flow statements, working capital fluctuations have become the primary determinant of liquidity, with a $1.9 million inflow in 2025Q4 contrasting sharply with the $2.3 million outflow observed in 2025Q3, highlighting the company's reliance on inventory and receivable management.
The reliance on working capital shifts to drive operating cash flow suggests that the core business operations are not yet generating sufficient organic cash to fund themselves. This pattern warrants further investigation into whether the company is aggressively managing payables or liquidating inventory to artificially bolster short-term cash positions.
As indicated by the historical data, capital expenditure has fluctuated significantly, peaking at $1.4 million in 2025Q3, which represents a capital intensity ratio of 15.2% of revenue, suggesting that the company is currently in a heavy investment phase to build out its specialized processing infrastructure.
The high level of capital intensity relative to revenue implies that the company must maintain significant throughput to justify its asset base. If these investments do not lead to a commensurate increase in operating margins, the company may face long-term pressure on its ability to generate sustainable returns on invested capital.
Quick answers to the most common questions about buying COOT stock.
Australian Oilseeds Holdings Limited Ordinary Shares (COOT) generated $1.0M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Australian Oilseeds Holdings Limited Ordinary Shares (COOT) reported negative free cash flow of $0.4M in 2025, indicating capital requirements exceeded cash from operations.
Australian Oilseeds Holdings Limited Ordinary Shares (COOT) spent $1.4M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.