Foley Wines (FWL) H2 2025 earnings summary

Executive summary

• Bottled sales revenue rose 6% to $66.4M, with case sales up 9% to 610,000, despite a challenging year for the industry.

• Export case sales increased 14.6%, outperforming a market where packaged wine sales fell 7% year-over-year.

• Focus on premiumisation and strong distribution channels drove record case sales and growth in key export markets.

Financial highlights

• Operating earnings dropped 66.4% to $1.39M compared to the prior year.

• Net loss after tax was $1.86M, down 54.5% year-over-year.

• Operating EBITDA declined 21.9% to $12.63M.

• Final dividend of 2cps fully imputed declared for the year ended June 2025.

Outlook and guidance

• Positioned to sell through the 2025 vintage with balanced inventory and confidence in the business model.

• Anticipates continued growth in Asian markets, especially for premium wines.

• Expects further growth in FY2026 if market conditions normalize.