InvestSMART

Wide Open Agriculture Ltd (ASX:WOA)

ALERT: Price-sensitive ASX Announcement for WOA
Current share price for WOA : $0.010 -0.006 (-37.50%)+
Announcement
Release
29 Aug 2025 4:45PM
Price at Release
$0.016
Full Release
download
Summary
Wide Open Agriculture Ltd, in its Preliminary Final Report for the year ending 30 June 2025, reported a loss of $7,094,620, continuing its focus on developing its lupin-based protein business. Despite the losses, the company saw its revenue increase to $468,870 and successfully expanded its sales pipeline and product launches across key markets. The company did not declare any dividends for the year and undertook substantial capital raises to extend its financial runway. Strategic priorities for the company involved sales development, ensuring production readiness, managing costs effectively, and positioning its products innovatively in the market.
Key Points
  • Wide Open Agriculture Limited recorded a loss of $7,094,620 after tax for the year ending 30 June 2025.
  • The company reported a gross loss of $337,997 despite an increase in revenue to $468,870.
  • No dividends were paid for the year ending 30 June 2025, and none are proposed.
  • The company focused on building its lupin-based protein business, expanding its sales pipeline, and launching products in South America, Europe, and Australia.
  • WOA did not gain or lose control over any entities and had no associates or joint ventures during the year.
  • Strategic priorities include sales development, production readiness, cost and capital management, and innovation in market positioning.
  • The company completed significant capital raises in July 2024 and mid-2025 to support their financial runway.
  • Production was centered on scaling lupin protein processing, with a focus on cost efficiency and co-product valorisation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.