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Wide Open Agriculture Ltd (ASX:WOA)

ALERT: Price-sensitive ASX Announcement for WOA
Current share price for WOA : $0.013 0.006 (85.71%)+
Announcement
Release
2 Jul 2026 11:06AM
Price at Release
$0.007
Full Release
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Summary
Wide Open Agriculture Ltd (WOA) has announced a strategic shift to enhance its economic and operational efficiency. The company plans to wind down its German production facility to reduce overhead costs and transition to a contract manufacturing model. This move is expected to improve unit economics, lower capital expenditure, and increase flexibility. WOA aims to produce 500–1,000 tonnes per annum of lupin protein isolate, primarily targeting Asia for production due to its proximity to growth markets and favourable cost structure. The strategy also includes commercialising additional product lines like lupin oil and fibre, enhancing revenue streams, and promoting whole-of-seed utilisation. The company is engaged in discussions with potential production partners in Asia and aims to protect its intellectual property while scaling up its lupin ingredient business.
Key Points
  • WOA plans to transition to contract manufacturing for improved unit economics.
  • German facility to be wound down, reducing overhead costs.
  • Target production of 500–1,000 tonnes per annum in Asia.
  • Focus on whole-of-seed strategy to include lupin oil and fibre.
  • Appointment of CEO Craig Swan to lead the strategic execution.
  • Engagement with potential Asian production partners to secure IP protection.
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.