Key Highlights

  • On 29 October 2026, Wide Open Agriculture Limited (ASX:WOA) was quoted at AUD 0.011, with the daily change shown as unchanged. This article covers annual financial result, commercial customers and international activities and the company’s wider disclosures.
  • Wide Open Agriculture reported a FY26 after-tax loss of AUD 3.642 million, compared with AUD 6.891 million in FY25.
  • The company moved toward a contract-manufacturing model after securing eight customers and more than 30 commercial launches.

The latest company update from Wide Open Agriculture Limited (ASX:WOA) brings together financial performance and several operating developments. On 29 October 2026, Wide Open Agriculture Limited (ASX:WOA) was quoted at AUD 0.011, with the daily change shown as unchanged. Wide Open Agriculture reported a FY26 after-tax loss of AUD 3.642 million, compared with AUD 6.891 million in FY25. The company moved toward a contract-manufacturing model after securing eight customers and more than 30 commercial launches. The disclosures also address manufacturing strategy change and research, intellectual property and longer-term plans.

Annual Financial Result

Wide Open Agriculture reported a loss after tax of AUD 3.642 million for the year ended 30 June 2026, compared with AUD 6.891 million for FY25. The improvement took place amid changes to the company’s manufacturing model and commercial program. Its preliminary final report noted that no dividend was paid or proposed for FY26. The company continued to develop its proprietary lupin protein and related ingredient technologies during the year, while evaluating production economics and costs across its operations.

Commercial Customers and International Activities

The company said it had secured eight customers and more than 30 commercial launches by the end of FY26. Work covered lupin protein ingredients for beverages, nutrition and other food categories. Wide Open Agriculture also developed its relationship with Univar Solutions China through customer engagement and trade events, although a wider rollout was constrained while lower-cost manufacturing options were examined. Commercial work additionally included an initial small sale of lupin oil to the cosmetics industry and investigation of lupin fibre applications.

Manufacturing Strategy Change

The company’s German manufacturing site had supported product validation and regulatory work but faced rising energy and labour costs, fixed overheads and limited established capacity. A manufacturing review found that the existing operation was producing negative margins. In July 2026, after the financial year ended, the board approved a full wind-down of the German manufacturing operation. Wide Open Agriculture began moving to an asset-light contract manufacturing model, retaining intellectual property and customer relationships while seeking third parties for production.

Contract Manufacturing Search

By the fourth quarter, Wide Open Agriculture had identified approximately 90 potential contract manufacturing organisations and signed 12 non-disclosure agreements. It had begun negotiating multiple non-binding term sheets. Under its outlined pathway, the company intended initially to target approximately 500 to 1,000 tonnes of annual production, scaled with customer demand. Asia was identified as a preferred region for potential manufacturing partners. These figures describe an intended production model and search process, rather than manufacturing agreements or confirmed output.

Research, Intellectual Property and Longer-Term Plans

Wide Open Agriculture filed a patent application covering a lupin protein milk formulation and continued work on fibre and oil applications. The company received an R&D tax incentive rebate of approximately AUD 1.69 million in April 2026. It also reported improved technology licence royalty terms with Curtin University. Longer-term plans included a pre-feasibility study for a proposed facility exceeding 10,000 tonnes of annual capacity in Western Australia. Any future commitment to that facility remained subject to commercial demand, funding and approvals.

Key Insights

Overall, Wide Open Agriculture Limited reported wide Open Agriculture reported a FY26 after-tax loss of AUD 3.642 million, compared with AUD 6.891 million in FY25. the company moved toward a contract-manufacturing model after securing eight customers and more than 30 commercial launches. The announcement also addresses manufacturing strategy change, contract manufacturing search and research, intellectual property and longer-term plans. These are company-reported results and planned activities for their stated periods; announced targets, proposed transactions and pending approvals remain distinct from completed outcomes.