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Wide Open Agriculture Secures A$1.69m R&D Tax Rebate to Advance Lupin Protein Platform

Story Highlights
  • Wide Open Agriculture develops proprietary lupin-based ingredients for global food, beverage, cosmetics and nutraceutical markets.
  • The company received an A$1.69 million R&D tax rebate to fund lupin protein commercialisation, ongoing research and balance sheet support.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wide Open Agriculture Secures A$1.69m R&D Tax Rebate to Advance Lupin Protein Platform

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The latest update is out from Wide Open Agriculture Ltd. ( (AU:WOA) ).

Wide Open Agriculture Ltd, an ASX-listed ingredient company, is pioneering lupin-based plant proteins, fibres and oils for use in food, beverage, cosmetics and nutraceutical markets worldwide. Its lupin protein isolates are positioned as clean-tasting, high-performance ingredients for a broad range of plant-based and functional products.

The company has received an A$1.69 million research and development tax rebate from the Australian Government for eligible activities undertaken in the 2024–25 financial year. The funds, reflecting substantial R&D across its Australian and German operations, will support commercialisation of its lupin protein platform, ongoing product development and operational expenses while strengthening its balance sheet as it scales into new markets.

The most recent analyst rating on (AU:WOA) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Wide Open Agriculture Ltd. stock, see the AU:WOA Stock Forecast page.

More about Wide Open Agriculture Ltd.

Wide Open Agriculture Ltd is an ASX-listed ingredient company focused on developing lupin-based products for the global food, beverage, cosmetics and nutraceutical sectors. Leveraging proprietary intellectual property, it produces high-quality lupin protein isolates, fibres, oils and related compounds that enhance functionality in applications from plant-based dairy and meat alternatives to baked goods and health-focused products.

Average Trading Volume: 454,912

Technical Sentiment Signal: Sell

Current Market Cap: A$9.16M

Find detailed analytics on WOA stock on TipRanks’ Stock Analysis page.

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