Treasury Wine Estates Ltd (TWE), an Australian winemaker, on Monday reported a net loss for the first half, mainly due to a non-cash impairment of the U.S.-based assets, pre-material items, and SGARA.
For the six-month period to December 31, 2025, the company posted a net loss of A$649.4 million, compared with a net profit of A$220.9 million. Net loss per share stood at 80.2 cents, as against the prior year's profit of 27.1 cents per share.
The company has registered a post-tax net material items loss of A$751 million primarily related to the non-cash impairment of the US-based assets and write-down of assets held for sale.
Loss before tax and finance costs was A$761.8 million, compared with a profit of A$378.6 million a year ago. Other expenses moved up to A$993.2 million from the prior year's A$17.1 million.
Profit from ordinary activities after tax, but before SGARA and material items, stood at A$128.5 million, less than A$239.6 million in 2024. Earnings before interest, tax, SGARA and material items slipped to A$236.4 million from last year's A$391.4 million.
Revenue was A$1.309 billion, down from A$1.570 billion a year ago.
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