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Treasury Wine Estates swings to $1.07B net loss in FY26
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Treasury Wine Estates swings to $1.07B net loss in FY26

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  • Treasury Wine Estates reported an $1.08 billion statutory net loss due to US asset impairments.
  • Group earnings before interest and tax declined 36.1% to $492.3 million.
  • The company stated the TWE Ascent transformation targets $100 million in annual cost reductions.

Treasury Wine Estates (ASX:TWE) reported an $1.08 billion FY26 net loss driven by United States asset impairments.

Earnings before interest and tax declined 36.1% to $492.3 million against the prior corresponding period. Net sales revenue reached $2.56 billion.

The business recognised a $1.31 billion post-tax material items loss relating to US supply chain rebalancing.

Penfolds reported a 15.2% decrease in EBITS to $404.3 million and an EBITS margin of 40.5%.

The company stated that the TWE Ascent transformation programme will finalise a regional operating model by October.

Following the announcement, the Treasury Wine Estates share price was unchanged at $5.50.

Penfolds depletions remained strong globally, led by a 34.7% increase across the Chinese market.

The company stated it expects FY27 earnings to be at least equivalent to the FY26 result, with expectations for continued depletion growth on key brands as customer inventory rebalancing is completed in China and materially progresses in the US.

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