2025 Annual Report

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Stock Treasury Wine Estates Ltd (TWE.ASX)
Release Time 13 Aug 2025, 8:15 a.m.
Price Sensitive Yes
 TWE Delivers Strong FY25 Results
Key Points
  • Group EBITS up 17.0% to $770.3m, driven by Penfolds and DAOU
  • NPAT pre-SGARA and material items up 15.5% to $470.6m
  • Penfolds EBITS up 13.2% to $477.0m, with strong China growth
Full Summary

Treasury Wine Estates (TWE) delivered a strong fiscal 2025 performance while advancing its luxury-led growth strategy as it pursues its vision to be the world's most desirable luxury wine company. The company has delivered topline, bottom line and margin growth during a difficult year for the wine industry, reflecting the strength of its strategy, the appeal of its brands, and its disciplined execution. TWE unveiled its new 'Game Plan', a refreshed strategic framework to support its next chapter of growth, which includes a new purpose, vision, and strategic priority areas. The company maintained its commitment to the health, safety and wellbeing of its teams, achieving a 40% reduction in the three-year rolling Serious Safety Incident Frequency Rate. TWE's luxury portfolio now represents 85% of its total Group EBITS, reflecting the success of its luxury-led transformation over the past five years. This included the acquisitions of DAOU and Frank Family Vineyards, and investments in luxury production assets in Australia, France, and China. Penfolds performance was a highlight, with successful expanded distribution in China and continued positive momentum in other key Asian markets. TWE also acquired a 75% equity interest in China's Ningxia Stone & Moon Winery Co. Ltd. to support the future growth of its China-sourced portfolio. In fiscal 2025, Group EBITS increased 17.0% to $770.3m, driven by strong growth in Penfolds and a full year contribution from DAOU. NPAT pre-SGARA and material items was up 15.5% to $470.6m.

Guidance

For fiscal 2025, TWE reported a 17.0% increase in Group EBITS to $770.3 million, with an EBITS margin of 26.2%. The company also reported a 15.5% increase in NPAT pre-SGARA and material items to $470.6 million.

Outlook

TWE continues to invest in its luxury portfolio and production capabilities, including the acquisition of a 75% stake in China's Ningxia Stone & Moon Winery Co. Ltd. The company remains focused on executing its 'Game Plan' strategy to become the world's most desirable luxury wine company.