What did Wide Open Agriculture (ASX:WOA) announce regarding its licensing agreement?

Wide Open Agriculture secured an amendment to its exclusive global licensing agreement with Curtin University for its proprietary lupin protein technology. The restructuring replaces a complex, tiered royalty structure with a single, flat 3.5% royalty rate on net sales.

Why did Wide Open Agriculture (ASX:WOA) change its royalty structure with Curtin University?

The previous framework had cost escalations that triggered as product values increased, which complicated financial planning. By shifting to a flat 3.5% rate, the company eliminates royalty complexity to enable cleaner financial modelling and foster competitive customer pricing strategies.

How does the new agreement affect Curtin University's royalty revenues?

While the royalty percentage is now fixed at 3.5%, absolute royalty revenues for Curtin University are anticipated to grow due to a projected increase in Wide Open Agriculture's production volumes. This restructures the partnership to align both organisations' long-term commercial interests behind the market success of the lupin protein technology.

Did any other terms of the global licence change for Wide Open Agriculture (ASX:WOA)?

No, all other material terms of the global licence remain entirely unchanged. Wide Open Agriculture retains the exclusive nature and the full global geographic scope of the original agreement with Curtin University. The amendment solely optimises the financial royalty mechanism.

What is the current strategic focus for Wide Open Agriculture (ASX:WOA) management?

According to CEO Craig Swan, the amendment provides a clearer basis for long-term strategic planning. Management is heavily focused on commercialising the whole lupin seed using its proprietary lupin protein technology.

What was the share price of Wide Open Agriculture (ASX:WOA) at the time of the announcement?

At the time of reporting, Wide Open Agriculture’s share price was $0.013. This micro-cap valuation reflects a highly speculative equity profile as the company transitions from technology development to commercial scaling.

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Wide Open Agriculture flattens Curtin royalty structure

Written by Mahathir BayenaPublished May. 25 2026Last Updated May. 25 2026

Wide Open Agriculture (ASX:WOA) secured an amendment to its exclusive global licensing agreement with Curtin University, restructuring royalty terms for its proprietary lupin protein technology to support global commercial scaling.

Under the newly renegotiated framework, the previous complex, tiered royalty structure has been replaced by a single, flat 3.5% royalty rate on net sales.

The structural adjustment delivers a materially lower effective royalty rate at commercial price points, successfully removing previous cost escalations that triggered as product values increased.

The simplified financial framework is designed to eliminate royalty complexity, enabling cleaner financial modelling and fostering highly competitive customer pricing strategies as production scales.

By enhancing WOA's operating economics, the new terms are projected to drive higher production volumes.

The increase in volume is anticipated to grow absolute royalty revenues for Curtin University, directly aligning both organisations' long-term commercial interests behind WOA's market success.

While the royalty mechanism has been optimised, all other material terms of the global licence—including its exclusive nature and global geographic scope—remain entirely unchanged.

Craig Swan, CEO of Wide Open Agriculture, stated that the amendment reflects a strong partnership in action, providing a clearer basis for long-term strategic planning as the company focuses on commercialising the whole lupin seed.

At the time of reporting, Wide Open Agriculture’s share price was $0.013.