Treasury Wine Estates reports a statutory net loss of A$1.08B for FY, driven by A$1.31B in post-tax impairments.
Treasury Wine Estates reported a GAAP loss per share of A$1.33 for the fiscal year, as revenue declined 12.9% year-over-year to A$2.56B. The company attributed the drop to challenging market conditions and lower sales volumes.
EBITS reached A$492.30M, surpassing the company’s guidance range of A$480.00M to A$490.00M. However, a statutory net loss after tax of A$1.08B was recorded, heavily impacted by A$1.31B in post-tax material items, including non-cash U.S. asset impairments.
The results reflect ongoing pressures in key markets, though the EBITS beat provided a modest positive offset to the broader financial performance.