Navigating Challenges: A Letter from Australian Oilseeds CEO
Annual Shareholder Insights from Australian Oilseeds
Australian Oilseeds Holdings Limited, a distinguished manufacturer of sustainable edible oils, has issued a compelling letter from Gary Seaton, its Chairman and Chief Executive Officer. This correspondence captures the essence of the company's performance over the past year, especially in the face of global challenges.
Overcoming Global Challenges
The challenges that marked 2024 were numerous, including significant geopolitical issues that affected various regions worldwide. From conflicts arising from the war in Ukraine to tensions in the Middle East and escalating challenges with major nations, the landscape has been difficult. Our compassion is extended to those whose lives have been genuinely impacted.
Despite such turmoil, Australian Oilseeds Holdings Limited has achieved notable strides since becoming a Nasdaq listed company. The company has introduced its unique offerings in Non-GMO, cold-pressed, and chemically-free oils, making a substantial mark in the competitive market.
Retailer Partnerships and Market Expansion
In the past year, the company's products have gained substantial traction across a myriad of retailers. These include household names like Woolworths and Coles, the two largest supermarket chains, alongside Costco and Independent Grocers of Australia. Increasing sales figures and brand awareness underline our progress within Australia.
Moreover, the company has not only consolidated its position domestically but has also successfully penetrated international markets including Japan, China, and Vietnam, enhancing our global footprint.
Financial Performance Highlights
The fiscal year has yielded promising results for Australian Oilseeds, with revenue climbing over 16%. This growth has been predominantly fueled by a robust demand for cold-pressed canola oil. Additionally, there has been an improvement of 40 basis points in gross margins, resulting in an adjusted EBITDA growth of almost 16%.
Our business momentum is palpable, and as we move forward, we remain resolute in our commitment to create value for our shareholders, staying true to our mission of providing top-quality, health-conscious oil products.
Future Growth and Strategic Milestones
Looking ahead, Australian Oilseeds is brimming with anticipation regarding our upcoming strategic initiatives. In the next six months, we aim to launch our Good Earth Oils brand, featuring both Australian Canola Oil and Olive Oil, in exciting markets like Taiwan and India. Furthermore, we foresee considerable growth potential in China, capitalizing on favorable trading conditions compared to competitors like Canada and the USA, which currently face steep import duties.
We also have our sights set on entering the U.S. market, pending clarity on import tariffs, which currently stand at 10% for Australian Canola Oil.
Gratitude to Stakeholders
I would like to take this opportunity to express my sincere gratitude to our dedicated shareholders and the hard-working team at Australian Oilseeds. Your unwavering support is invaluable as we persist in our mission to remove harmful chemicals from our food supply and promote healthier choices in Canola and Olive Oil.
About Australian Oilseeds Holdings Limited
Australian Oilseeds Holdings Limited operates as a Cayman Islands exempted company, recognized on NASDAQ as COOT. We focus on sustainable oilseed production and are committed to collaborating with suppliers to minimize chemical usage in our production processes. Over the years, we have evolved into the largest cold-pressing facility in Australia, dedicated to producing both organic and non-GMO oils.
Contact Information
For further inquiries, please contact:
Australian Oilseeds Holdings Limited
126-142 Cowcumbla Street
Contact: Amarjeet Singh, CFO
Email: amarjeet.s@energreennutrition.com.au
Frequently Asked Questions
What are the recent accomplishments of Australian Oilseeds?
Australian Oilseeds reported a revenue growth of over 16% and successfully expanded into several international markets.
What are the company's future expansion plans?
Plans include launching products in Taiwan and India and exploring entry into the U.S. market.
How does the company ensure sustainability?
Australian Oilseeds focuses on producing Non-GMO, cold-pressed oils while reducing chemicals in the food supply chain.
Who is the current CEO of the company?
Gary Seaton serves as the Chairman and Chief Executive Officer of Australian Oilseeds Holdings Limited.
Where can I find more information about Australian Oilseeds?
More information can be found on their official website or by contacting their CFO, Amarjeet Singh.
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