InvestSMART

Wide Open Agriculture Ltd (ASX:WOA)

ALERT: Price-sensitive ASX Announcement for WOA
Current share price for WOA : $0.009 -0.009 (-50%)+
Announcement
Release
24 Nov 2025 9:47AM
Price at Release
$0.018
Full Release
download
Summary
Wide Open Agriculture Ltd (WOA) announced the receipt of a tax rebate totaling $586,624, including interest, for overseas research and development activities conducted at its German production facility during the 2023-24 financial year. This refund is part of Australia's R&D tax incentive scheme, offering up to a 43.5% refundable tax offset on eligible expenses. The rebate is supported by a favorable Overseas Finding which confirmed the critical necessity of the R&D work done outside Australia for developing WOA's proprietary lupin protein isolates manufacturing process. The funds will support operational expenses related to the commercialization of lupin protein and oil products.
Key Points
  • WOA received a tax rebate of $586,624 for overseas R&D activities.
  • The rebate pertains to the 2023-24 financial year.
  • The R&D activities were conducted at a German production facility.
  • The rebate is part of the Australian Government’s R&D tax incentive scheme.
  • A favorable Overseas Finding deemed the R&D work critical for WOA’s lupin protein process.
  • Funds will support the commercialization of lupin protein and oil products.
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.