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Delegat Group (DGL) investor relations material
Delegat Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved higher sales and improved operating margins despite challenging wine industry conditions, including U.S. tariffs, global oversupply, and market pressures.
Operating NPAT for the six months ended 31 December 2025 was $29.7 million, up 5% year-over-year, with reported NPAT up 82% to $22.8 million after fair value adjustments.
Maintained premium brand positioning and expanded global distribution, especially for Oyster Bay, with strong growth in UK, Ireland, Europe, and Asia Pacific.
Strong operating cash flow and disciplined capital management enabled further debt reduction and financial stability.
Continued focus on value creation through price discipline, operational efficiencies, and market mix optimization.
Financial highlights
Operating EBITDA reached $65.6 million, up 6% year-over-year; operating EBIT at $50.7 million, up 5%; operating gross margin improved to 49%.
Global case sales totaled 1,688,000, up 3% (54,000 cases) year-over-year.
Total sales revenue was $179 million, a 1% increase, driven by higher case sales and favorable FX.
Operating cash flow was $62.3 million, supporting a reduction in net debt to $307 million, down 11% since December 2024.
Cost of goods sold per case reduced by 5% to $53.80, supporting improved margins.
Outlook and guidance
Full-year 2026 operating NPAT guidance maintained at $50–$55 million, excluding fair value and one-off items.
Volume guidance for FY26 remains at 3.3 million cases, implying 4% growth in H2.
CapEx for FY26 expected at $26 million, with future years likely averaging $10–$15 million for replacement needs.
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