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AWI reduced reserves to $77.26M in 2025 amid declining revenue and plans to rely solely on annual income for three years.
Australian Wool Innovation (AWI) is cutting its use of financial reserves in 2025 as revenue dropped to $57.7 million, down from $63 million the prior year, while spending remained above income for the sixth straight year.
Reserves fell to $77.26 million, the lowest in 15 years, after a $2.7 million drawdown—less than budgeted—due to tighter financial management.
The company plans to rely solely on annual revenue for the next three years, with no reserves projected to be available.
Staff were reduced to 133 globally, and AWI met over 80% of its annual goals despite challenges including droughts, floods, weak global wool demand, strong sheep meat demand, and the end of live sheep exports.
The annual general meeting and board election are set for November 14, 2025.
AWI redujo las reservas a $77.26M en 2025 en medio de la disminución de los ingresos y planea depender únicamente de los ingresos anuales durante tres años.