Operational viability remains under pressure as the firm continues to burn cash, highlighted by a negative free cash flow margin that reached -53.2% in 2024Q4.
| Cash from Operations | 958.09K | -2.18M | 689.8K | 569.23K | -499.73K |
| Operating CF Margin % | 2.3% | -9.71% | 3.57% | 2.28% | -4.07% |
| Operating CF Growth % | 143.85% | -416.75% | 21.18% | 213.91% | - |
| Net Income | -1.23M | -14.45M | 954.24K | -899.88K | 800.19K |
| Depreciation & Amortization | 0 | 498.57K | 380.91K | 0 | 402.56K |
| 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 | 448.34K | -87.82K |
| Working Capital Changes | 755.41K | 3.06M | -3M | 1.02M | -1.61M |
| Change in Receivables | -1.4M | -32.85K | -589.05K | 0 | -321.66K |
| Change in Inventory | 301.86K | -5.18M | 75.21K | 0 | -876.76K |
| Change in Payables | 2.27M | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.37M | -3.98M | -2.82M | -345.78K | -93.62K |
| Capital Expenditures | -1.37M | -3.98M | -1.88M | -345.78K | -93.62K |
| CapEx % of Revenue | 3.28% | 17.67% | 9.71% | 1.39% | 0.76% |
| Acquisitions | - | - | - | - | - |
| Investments | 0 | 0 | 59.93K | 92.46M | 91.54M |
| Other Investing | 0 | 0 | -739.47K | 900K | 0 |
| Cash from Financing | 2.19M | 6.55M | 1.78M | -66.36K | 891.65K |
| Debt Issued (Net) | - | - | - | - | - |
| Equity Issued (Net) | 0 | 3.02M | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -164.66K | -4.04M | 593.45K | -966.36K | 0 |
| Net Change in Cash | 1.79M | 392.87K | -353.7K | 157.09K | 298.31K |
| Free Cash Flow | -410.13K | -6.16M | -1.42M | -777.33K | -593.34K |
| FCF Margin % | -0.98% | -27.39% | -7.33% | -3.12% | -4.83% |
| FCF Growth % | 93.34% | -334.13% | -82.57% | -31.01% | - |
| FCF per Share | -0.00 | -0.31 | -0.08 | -0.07 | -0.05 |
| FCF Conversion (FCF/Net Income) | -0.78x | 0.15x | 0.72x | -0.63x | 0.88x |
| Interest Paid | 0 | 472.67K | 367.71K | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
Liquidity and operational volatility
As reported in recent financial filings, the relationship between net income and operating cash flow is highly erratic, with the OCF/NI ratio swinging from -1.40 to 6.93, suggesting that reported earnings are currently poor proxies for the actual cash-generating capacity of the underlying oilseed processing operations.
The extreme variance in the conversion ratio indicates that accruals and non-cash adjustments are dominating the bottom line, masking the underlying cash volatility. Investors should interpret this disconnect as a sign that the company's accounting earnings are not yet reflective of a stable, cash-generative business model.
Based on the company's quarterly data, the free cash flow trajectory is consistently negative, with FCF margins reaching as low as -53.2% in 2024Q4, indicating that the firm is currently unable to fund its operations and capital requirements through internal cash generation alone.
The persistent inability to generate positive free cash flow suggests that the business is in a capital-intensive phase that may require external financing to sustain. This trend warrants further investigation into whether the current cost structure can ever reach a break-even point given the thin margins.
According to the provided financial statements, the company's capital expenditure as a percentage of revenue has fluctuated significantly, peaking at 9.6% in 2025Q3, which highlights the ongoing burden of maintaining specialized cold-pressing infrastructure in a low-margin environment where every dollar of investment is critical.
The high capital intensity relative to the razor-thin operating margins suggests that the firm is forced to reinvest heavily just to maintain its current processing capacity. This dynamic appears to limit the company's ability to build a meaningful cash buffer, leaving it exposed to operational disruptions.
As indicated by the quarterly cash flow statements, working capital changes have been a primary driver of cash flow volatility, with a swing from a $4.6M inflow in 2024Q4 to a $1.5M outflow in 2025Q3, reflecting the seasonal nature of oilseed procurement and inventory management.
The reliance on working capital shifts to manage cash flow suggests that the company is highly sensitive to the timing of harvest cycles and inventory turnover. This dependency may indicate that liquidity could tighten rapidly if the company faces unexpected delays in selling its processed oil or meal products.
Quick answers to the most common questions about buying COOTW stock.
Australian Oilseeds Holdings Limited Warrant (COOTW) 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 Warrant (COOTW) reported negative free cash flow of $0.4M in 2025, indicating capital requirements exceeded cash from operations.
Australian Oilseeds Holdings Limited Warrant (COOTW) 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.