InvestSMART

Wide Open Agriculture Ltd (ASX:WOA)

ALERT: Price-sensitive ASX Announcement for WOA
Current share price for WOA : $0.009 -0.013 (-59.09%)+
Announcement
Release
31 Oct 2025 9:30AM
Price at Release
$0.022
Full Release
download
Summary
Wide Open Agriculture Ltd (WOA) reported its activities for the quarter ending 30 September 2025, highlighting significant progress in its lupin protein market development, particularly through a commercial rollout with Univar Solutions China. The company released a Lupin Sustainability Study confirming a low carbon footprint, continued to focus on cost reduction and cash preservation, and began a Pre-Feasibility Study for a Western Australian manufacturing facility. WOA ended the quarter with $2 million in cash and anticipates improved cash flow due to expected R&D rebates. The company remains focused on scaling up operations and maintaining strategic partnerships to support growth.
Key Points
  • Univar Solutions China launched WOA's lupin protein in the beverage and nutrition sectors.
  • Lupin Sustainability Study confirmed lupin's low carbon footprint.
  • Focus on cost reduction and cash preservation with moderated production.
  • Initiated Pre-Feasibility Study for a Western Australian manufacturing facility.
  • Appointed Claudia Kwan as Non-Executive Director to strengthen governance.
  • Quarter ended with $2 million in cash and lower expected burn rate.
  • WOA's mission to reshape the future of food with lupin protein.
  • WOA joined the Australian delegation for the 2025 China International Import Expo.
  • Strategic partnerships are crucial for efficient scale-up and sustained growth.
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.