Foley Wines (FWL) investor relations material

Executive summary

• Operating profit before revaluations and tax rose to $2.65M, up 30% year-over-year for the six months ended 31 Dec 2025.

• Net profit after tax increased 112% to $2.3M compared to the same period last year.

• Revenue was $32.49M, up 0.5% year-over-year, despite a 2% decline in total case sales to 290,000.

• Export sales grew 1%, while domestic sales declined 10% year-over-year.

• Strong international distribution partnerships, especially in the UK and Asia, contributed to growth and premiumisation.

Financial highlights

• Bottled sales revenue: $32.49M (up 0.5% year-over-year).

• Operating earnings: $2.65M (up 30.2% year-over-year).

• Net profit after tax: $2.3M (up 112% year-over-year).

• Operating EBITDA: $7.61M (down 3.8% year-over-year).

• Operating cash flow: $6.71M (down 39% year-over-year).

Outlook and guidance

• Trading conditions remain challenging domestically and internationally due to global wine oversupply and competitive pricing.

• Focus will continue on premiumisation, expanding distribution partnerships, and inventory management.

• 2026 harvest yields expected to be in line with historical averages, but grape prices, especially for Sauvignon Blanc, are projected to be 20% lower.