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Wide Open Agriculture Ltd (ASX:WOA)

ALERT: Price-sensitive ASX Announcement for WOA
Current share price for WOA : $0.009 -0.006 (-40%)+
Announcement
Release
23 Apr 2026 12:22PM
Price at Release
$0.015
Full Release
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Summary
Wide Open Agriculture Ltd (WOA) reported its quarterly activities for the period ending 31 March 2026. The company is advancing the commercialisation of its lupin products, focusing on developing an economic model to scale production. Key activities included a reduction in lupin protein production at their German facility due to high costs, and an investigation into a capital-light contract manufacturing model to improve unit economics. The company recorded higher revenue from toll manufacturing at the German facility and undertook technical trials to optimise production processes. WOA received a significant R&D tax rebate, bolstering its cash position. The company is focused on expanding its lupin platform economically and building long-term customer relationships.
Key Points
  • Reduction in lupin protein production at the German facility.
  • Investigation into a contract manufacturing model.
  • Higher revenue from toll manufacturing.
  • Technical trials to optimize production processes.
  • Receipt of significant R&D tax rebate.
  • Focus on economic expansion of lupin platform.
  • Building long-term customer relationships.
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.