• Company has paused hay processing activity at Epsom site
• Reduced costs to preserve cash balance
• Management pursuing transaction opportunities in Agriculture sector

Wingara AG Limited, the owner and operator of value-add, mid-stream assets specialising in the processing, storage and marketing of agriculture produce for export markets, has provided its quarterly activities report for Q3 FY25. The company has paused the hay processing activity at its Epsom site and has reduced costs to preserve cash balance as challenging market conditions persist in key Asian markets. Export prices for oaten hay this season continue to be weighed down, and the expectation is that demand will not improve in the early part of 2025. In light of the continued trading conditions, further cost reductions have been implemented across Q3 FY25 in both operational and corporate aspects of the company. Current cash and cash equivalents as at 31 December 2024 was $613k, with a focus on cost control and managing its remaining liabilities whilst management utilises and reviews its assets to maximise cash generation opportunities. The company is also pursuing transaction opportunities in the Agriculture sector to align with the Wingara platform.

The company is focusing on providing storage and marketing services while reviewing market opportunities that align with the Wingara platform. Further information on these opportunities will be provided to the market as they arise.