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Wide Open Agriculture Ltd. (WOA) AI Stock Analysis

AU:WOA

Wide Open Agriculture Ltd.

(ASX:WOA)

Select Model
Rating:43Neutral
Price Target:AUD 0.01â–²(10.00% Upside)
Action:reiterated
Date:10/03/26

Overall stock quality is low, driven mainly by very weak financial performance with shrinking revenue, significant losses, and sustained cash burn. Technical indicators are neutral and suggest only range-bound trading, offering little offset to the fundamental risks. The negative P/E ratio and absence of dividends further weigh on the investment case, leaving the stock as a speculative play dependent on a future turnaround.

Positive Factors
Minimal debtVery low debt limits interest obligations and reduces immediate solvency pressure relative to a highly leveraged business. This gives WOA greater flexibility to redirect resources toward product development, commercial partnerships, and operational recovery if funding remains available.
Negative Factors
Severe revenue contractionThe sharp decline in the latest annual revenue shows that WOA’s commercial base remains highly unstable. A much smaller top line reduces operating scale, weakens the ability to absorb fixed costs, and makes a durable path toward breakeven more difficult over the coming quarters.

Wide Open Agriculture Ltd. (WOA) vs. iShares MSCI Australia ETF (EWA)

-60%-50%-40%-30%-20%-10%0%10%20%AU:WOA-47.62%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 7.20M
Dividend Yield
―
Average Volume (3M)
402.12K
Price to Earnings (P/E)
-1.3
Beta (1Y)
-2.21
Revenue Growth
-83.83%
EPS Growth
84.80%
Country
Australia
Employees
65
Sector
Consumer Defensive
Sector Strength
62
Industry
Agricultural Farm Products

Wide Open Agriculture Ltd. Business Overview & Revenue Model

Company Description

Wide Open Agriculture Limited, trading as WOA.AX, operates as an Australian regenerative food and agriculture enterprise with a market presence in Singapore and Hong Kong. The company offers a diverse portfolio of sustainable products, including plan...

How the Company Makes Money

WOA makes money primarily by selling plant-based food and beverage products and ingredients. Revenue is generated through (1) branded consumer product sales, where WOA sells finished goods (e.g., plant-based dairy alternatives and related packaged fo...

Wide Open Agriculture Ltd. Financial Statement Overview

Summary

Financial performance is very weak, with sharply reduced revenue, persistent heavy losses, and ongoing cash burn, and while debt is very low, equity has been materially eroded.

Income Statement

9Very Negative

Balance Sheet

30Negative

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue580.53K124.02K468.87K73.13K2109.26M
Gross Profit-2.06M-1.98M-338.00K-1.79M-7.87M-5.94M
EBITDA-4.79M-2.78M-5.16M-8.53M-13.86M-10.06M
Net Income-4.84M-3.64M-7.09M-13.25M-14.66M-10.79M
Balance Sheet
Total Assets6.24M3.34M8.38M10.78M15.40M29.58M
Cash, Cash Equivalents and Short-Term Investments1.50M1.20M3.39M2.45M5.87M19.47M
Total Debt1.11M9,250846.98K1.86M2.71M3.16M
Total Liabilities1.60M476.53K2.31M3.53M5.29M5.60M
Stockholders Equity4.65M2.86M6.07M7.25M10.11M23.98M
Cash Flow
Free Cash Flow-2.57M-2.17M-3.50M-9.18M-13.31M-12.48M
Operating Cash Flow-2.55M-2.15M-3.49M-8.55M-11.87M-10.17M
Investing Cash Flow72.14K-11.96K84.10K-4.99M-1.43M-2.42M
Financing Cash Flow1.85M47.24K4.34M10.15M-319.08K19.08M

Wide Open Agriculture Ltd. Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.01

Price Trends

50DMA0.01Negative
100DMA0.01Negative
200DMA0.01Negative

Market Momentum

MACD-0.00Positive
RSI45.94Neutral
STOCH33.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WOA, the sentiment is Neutral. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 45.94 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WOA.

Wide Open Agriculture Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (62)

Financial Indicators

AU:WOA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:SGLLVAU:SGLLV71OutperformAUD 997.47M13.8511.22%4.86%-2.43%-0.05%
Sector *62Neutral$20.33B14.63-3.31%3.23%1.93%-12.26%
AU:GNCAU:GNC56NeutralAUD 1.45B-106.35-0.99%5.67%-1.68%-119.86%
AU:AAPAU:AAP44NeutralAUD 21.01M27.145.10%―-79.79%-54.72%
AU:WOAAU:WOA43NeutralAUD 7.20M-1.32-128.91%―-83.83%84.80%
AU:WNRAU:WNR40UnderperformAUD 1.23M-1.71304.44%―-99.88%50.00%
AU:DBFAU:DBF37UnderperformAUD 35.89M-0.71-28.98%―-9.65%-23.93%

* Consumer Defensive Sector Average

Performance Comparison

-50%-25%0%25%AU:WOAAU:GNCAU:WNRAU:DBFAU:SGLLVAU:AAPDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:WOA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:WOAWide Open Agriculture Ltd.0.01-0.01-47.62%
AU:GNCGraincorp Limited Class A6.70-1.63-19.53%
AU:WNRWingara Ag Ltd.0.010.000.00%
AU:DBFDuxton Farms Limited0.34-0.52-60.82%
AU:SGLLVRicegrowers Ltd. Class B14.40-1.32-8.41%
AU:AAPAustralian Agricultural Projects Ltd.0.060.0114.00%

Wide Open Agriculture Ltd. Corporate Events

Wide Open Agriculture pivots to contract manufacturing as German plant winds down

Oct 29, 2026

Wide Open Agriculture Ltd. has outlined a major shift to a capital-light contract manufacturing model for its lupin-based ingredients, moving away from owner-operated production to improve scalability and profitability. The company is concentrating o...

Wide Open Agriculture Sets Online-Focused AGM for November 2026

Oct 28, 2026

Wide Open Agriculture Ltd. has announced details for its upcoming Annual General Meeting, to be held at the company’s Leederville, Western Australia offices on Thursday, 26 November 2026 at 2:30pm AWST. The company highlights that key meeting m...

Wide Open Agriculture Maps Out Industrial-Scale Lupin Protein Plant

Oct 5, 2026

Wide Open Agriculture has completed an Industrial Scale Manufacturing Study for a proposed 10,000 tonne per annum lupin protein isolate facility in Western Australia, where most of the world’s lupin crop is grown. The plant design uses the comp...

Wide Open Agriculture Confirms Compliance With ASX Governance Standards

Sep 21, 2026

Wide Open Agriculture Limited has confirmed that its corporate governance statement for the year ended 30 June 2026 is current and has been approved by the board, in line with ASX requirements. The statement, hosted on the company’s website, ou...

Wide Open Agriculture Tables 2026 Annual Financial Report

Sep 21, 2026

Wide Open Agriculture Ltd. released its consolidated financial report for the year ended 30 June 2026, including audited financial statements, directors’ reports, and disclosures on financial position and cash flows. The annual report provides...

Wide Open Agriculture Narrows Annual Loss and Shifts to Asset-Light Manufacturing

Aug 31, 2026

Wide Open Agriculture reported a reduced after-tax loss of $3.64 million for the year ended 30 June 2026, compared with a $6.89 million loss in the prior year, and no dividends will be paid. The year marked a strategic transition as the company shift...

Wide Open Agriculture Signs Lupin Contract Manufacturing Framework with Proeon

Aug 9, 2026

Wide Open Agriculture has signed a non-binding framework agreement with plant protein specialist Proeon Foods B.V. to explore contract manufacturing of its proprietary lupin-based ingredients and support a capital-light production strategy. Proeon, w...

Wide Open Agriculture’s Lupin Fibre Clears Key CSIRO Tests, Targets Booming Functional Fibre Market

Aug 4, 2026

Wide Open Agriculture has reported that independent testing by Australia’s national science agency, CSIRO, confirms its lupin kernel fibre performs well under heat and shear and has strong water-binding capacity. These characteristics, combined...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 03, 2026