Foley Wines (FWL) H2 2026 earnings summary

Executive summary

• Achieved significant improvement in financial results despite a challenging global economy and oversupply in the New Zealand wine market.

• Premiumisation strategy and strong distribution partnerships drove margin protection and sales of higher-value wines.

• Continued investment in brand promotion and market development, with inventory levels generally balanced.

Financial highlights

• Bottled sales revenue was $62.8 million, down 5.4% year-over-year.

• Bottled case sales totaled 552,000, down 9.5% from the previous year's record.

• Operating earnings rose to $5.88 million, up 323.5% year-over-year.

• Profit after tax reached $2.94 million, up 258.2% year-over-year.

• Operating EBITDA increased 22.9% to $15.5 million year-over-year.

Outlook and guidance

• Cautiously optimistic for future growth with a normal vintage and improved market conditions expected next year.

• Poised to sell through the 2026 vintage in a timely manner.

• Continued focus on premiumisation, cost management, and new market development.