Wide Open Agriculture Ltd. (WOA) AI Stock Analysis

• Market Cap: AU$10.47M
• Dividend Yield: N/A
• Average Volume (3M): 1.40M
• Price to Earnings (P/E): ―
• Beta (1Y): -3.21
• Revenue Growth: -94.79%
• EPS Growth: 82.57%
• Country: AU
• Employees: 65
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): >-0.01
• Shares Outstanding: 654,446,900
• 10 Day Avg. Volume: 1,404,627
• 30 Day Avg. Volume: 1,396,062
• PEG Ratio: 0.02
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 20.48
• P/FCF Ratio: -2.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: AU$0.02 ▼(-20.00% Downside)

Wide Open Agriculture Ltd. has a low overall stock score due to significant financial performance challenges, including declining revenues and negative profitability. The technical analysis shows mild short-term momentum, but the valuation is unattractive with a negative P/E ratio. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Sustainable Farming Practices

WOA's focus on sustainable farming practices positions it as a leader in the niche market of environmentally friendly products, appealing to eco-conscious consumers and potentially driving long-term growth.

Improved Leverage Management

Improved leverage management indicates better financial discipline, reducing risk and enhancing the company's ability to invest in growth opportunities.

Government Grants and Funding

Access to government grants supports financial growth and stability, enabling WOA to invest in sustainable practices and expand its market presence.

Negative Factors

Declining Revenue

The sharp decline in revenue growth suggests challenges in maintaining market share and product demand, potentially impacting long-term financial stability.

Negative Profitability Margins

Persistent negative margins indicate ongoing profitability challenges, which could hinder the company's ability to reinvest in growth and innovation.

Weak Cash Flow Position

A deteriorating cash flow position limits financial flexibility, making it difficult to fund operations and investments, potentially affecting long-term sustainability.

Wide Open Agriculture Ltd. Business Overview & Revenue Model

Company Description

Wide Open Agriculture Limited operates as a regenerative food and agriculture company in Australia, Singapore, and Hong Kong. It offers regenerative plant-based protein under the Buntine Protein brand; regenerative beef, lamb, and poultry products, as well as pantry staples under the Dirty Clean Food brand; and regenerative carbon-neutral oat milk under the Dirty Clean Food Oat Milk brand through retail and online stores, foodservices, and wholesale channels. The company serves restaurants and cafes. The company was incorporated in 2015 and is based in Kewdale, Australia.

How the Company Makes Money

WOA generates revenue through several key streams, primarily from the sale of its plant-based food products, which include ingredients and finished goods. The company also engages in partnerships with other businesses in the food sector to expand its distribution channels and market reach. Additionally, WOA benefits from government grants and funding aimed at promoting sustainable agriculture, which further supports its financial growth. The focus on regenerative farming practices not only attracts environmentally conscious consumers but also positions the company as a leader in a niche market, enhancing its potential for profitability.

Wide Open Agriculture Ltd. Financial Statement Overview

Summary

Wide Open Agriculture Ltd. faces significant financial challenges, with declining revenues, negative profitability margins, and weak cash flow metrics. While there is some improvement in leverage, the company needs to address its profitability and cash flow issues to achieve financial stability.

Income Statement

Wide Open Agriculture Ltd. has experienced significant revenue volatility, with a drastic decline in revenue growth rate from 347.24% in 2024 to -86.94% in 2025. The company is struggling with negative margins across the board, including a net profit margin of -15.13% and a gross profit margin of -72.09% in 2025, indicating severe profitability challenges.

Balance Sheet

The company's debt-to-equity ratio improved to 0.14 in 2025 from 0.26 in 2024, reflecting better leverage management. However, the return on equity remains negative at -116.80%, highlighting ongoing profitability issues. The equity ratio is not provided, but the overall balance sheet shows a need for improved financial stability.

Cash Flow

Wide Open Agriculture Ltd. has a negative free cash flow growth rate of -60.92% in 2025, indicating deteriorating cash flow health. The operating cash flow to net income ratio is -2.01, suggesting inefficiencies in converting income into cash. Despite a free cash flow to net income ratio of 1.00, the overall cash flow position is weak.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	468.87K	468.87K	73.13K	210.00	9.26M	4.32M
Gross Profit	-338.00K	-338.00K	-1.79M	-7.87M	-5.94M	-2.22M
EBITDA	-5.16M	-5.16M	-8.53M	-13.86M	-10.06M	-7.73M
Net Income	-7.09M	-7.09M	-13.25M	-14.66M	-10.79M	-7.53M
Balance Sheet
Total Assets	8.38M	8.38M	10.78M	15.40M	29.58M	17.49M
Cash, Cash Equivalents and Short-Term Investments	3.39M	3.39M	2.45M	5.87M	19.47M	12.98M
Total Debt	846.98K	846.98K	1.86M	2.71M	3.16M	2.14M
Total Liabilities	2.31M	2.31M	3.53M	5.29M	5.60M	3.37M
Stockholders Equity	6.07M	6.07M	7.25M	10.11M	23.98M	14.11M
Cash Flow
Free Cash Flow	-3.50M	-3.50M	-9.18M	-13.31M	-12.48M	-6.05M
Operating Cash Flow	-3.49M	-3.49M	-8.55M	-11.87M	-10.17M	-5.71M
Investing Cash Flow	84.10K	84.10K	-4.99M	-1.43M	-2.42M	-244.22K
Financing Cash Flow	4.34M	4.34M	10.15M	-319.08K	19.08M	14.50M

Wide Open Agriculture Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WOA, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.55 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WOA.

Wide Open Agriculture Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AAP	70 Neutral	AU$19.54M	10.00	14.00%	―	18.35%	55.88%
FRM	66 Neutral	AU$55.39M	7.95	29.12%	―	2.63%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
MCA	48 Neutral	AU$94.15M	9.39	8.91%	―	4.34%	―
DBF	45 Neutral	AU$89.99M	-2.76	-11.46%	29.49%	-16.73%	-343.82%
WOA	44 Neutral	AU$10.47M	-1.24	-122.46%	―	-94.79%	82.57%
WNR	37 Underperform	AU$1.23M	-1.19	-130.24%	―	17.85%	52.81%

Wide Open Agriculture Ltd. Corporate Events

Wide Open Agriculture Advances China Push and Scaling Plans for Lupin Protein

Wide Open Agriculture advanced its strategic transformation during the December 2025 quarter by progressing a pre-feasibility study for a 10,000 tonne-per-annum lupin protein facility in Western Australia, exploring contract manufacturing to scale production more capital-efficiently, and achieving its first commercial sale of lupin oil while further characterising lupin fibre. The company also expanded its intellectual property portfolio with a patent application for a novel lupin protein milk formulation aimed at overcoming technical barriers in plant-based beverages, and moved closer to commercial execution in China through its partnership with Univar Solutions China and participation in the 2025 China International Import Expo, steps that collectively strengthen its positioning for international growth, technology defensibility and long-term scalability in the plant-based ingredients market.

The most recent analyst rating on (AU:WOA) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Wide Open Agriculture Ltd. stock, see the AU:WOA Stock Forecast page.

Wide Open Agriculture Ltd Announces New Securities Quotation

Wide Open Agriculture Ltd has announced the issuance of 1,500 ordinary fully paid securities, which will be quoted on the ASX. This move is part of the company’s strategy to enhance its market presence and potentially increase its capital, which could have significant implications for its operational growth and stakeholder value.

The most recent analyst rating on (AU:WOA) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Wide Open Agriculture Ltd. stock, see the AU:WOA Stock Forecast page.

Wide Open Agriculture Announces Director Change

Wide Open Agriculture Ltd announced the cessation of Anthony Maslin as a director effective December 1, 2025. The notice details Maslin’s interests in the company’s securities, which include a significant number of shares and options. This change in the board may impact the company’s strategic direction and stakeholder interests, given Maslin’s substantial involvement in the company.

The most recent analyst rating on (AU:WOA) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Wide Open Agriculture Ltd. stock, see the AU:WOA Stock Forecast page.

Wide Open Agriculture Ltd Issues Unlisted Options to Boost Financial Flexibility

Wide Open Agriculture Ltd announced the issuance of 1,000,000 unlisted options, exercisable at $0.03 and expiring on December 1, 2028. This move is likely aimed at enhancing the company’s financial flexibility and providing potential future capital, which could impact its market positioning and stakeholder interests.

The most recent analyst rating on (AU:WOA) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Wide Open Agriculture Ltd. stock, see the AU:WOA Stock Forecast page.

Wide Open Agriculture Appoints New Director and Issues Options

Wide Open Agriculture Ltd announced the appointment of Mr. Vincent Lauwerier as a Non-Executive Director, effective December 1, 2025. To align his interests with shareholders and incentivize future performance, the company has granted him unlisted options. This strategic move is expected to bolster the company’s leadership and potentially enhance its market position in the plant-based protein industry.

The most recent analyst rating on (AU:WOA) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Wide Open Agriculture Ltd. stock, see the AU:WOA Stock Forecast page.

Wide Open Agriculture Announces Board Changes and Strategic Leadership Recruitment

Wide Open Agriculture Ltd has announced significant changes in its board and management, appointing Vincent Lauwerier as a Non-Executive Director. Lauwerier brings extensive international experience in the FMCG and food/beverages sectors, which will be instrumental as WOA aims to scale its lupin protein technology globally. Concurrently, co-founder Anthony Maslin has resigned from his role, having played a crucial role in establishing WOA’s foundation in regenerative agriculture and lupin-based plant protein innovation. The company is also seeking a new CEO with experience in scaling plant protein businesses to drive the next phase of growth.

The most recent analyst rating on (AU:WOA) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Wide Open Agriculture Ltd. stock, see the AU:WOA Stock Forecast page.

Wide Open Agriculture Ltd. Outlines Strategic Plans at 2025 AGM

Wide Open Agriculture Ltd. has released a presentation for its 2025 Annual General Meeting, highlighting the company’s strategic intentions and future plans. While the presentation outlines the company’s expectations and strategies, it also acknowledges the inherent risks and uncertainties that may impact the achievement of these goals, emphasizing a cautious approach for stakeholders.

Wide Open Agriculture Advances Lupin Protein Commercialization and Manufacturing Expansion

Wide Open Agriculture Ltd reported a positive quarter with significant progress in commercializing its lupin protein, particularly in China, where the company is partnering with Univar Solutions to tap into the tea, coffee, and nutrition markets. The company has also initiated a Pre-Feasibility Study for a large-scale manufacturing facility in Western Australia, aiming to enhance production efficiency and scale. With a focus on cost reduction and strategic partnerships, WOA is positioning itself for sustainable growth while maintaining financial discipline.