• Generated $257M revenue, increased EBITDAS to $15M
• Launched innovative Poco Vino and Lemsecco brands, driving growth
• Acquired MadFish brand, secured Howard Park distribution rights

In FY25, Australian Vintage Ltd (AVG) generated $257M in revenue, an increase in EBITDAS to $15M, and improved its EBITS and NPATS performance. The company implemented further cost-out programs, launched groundbreaking innovations like Poco Vino and Lemsecco to offset market declines, announced the strategic acquisition of MadFish, maintained and improved market share, and exited grape leases to accelerate sourcing flexibility and inventory reductions. AVG's Poco Vino brand has seen strong initial sales, with over 100,000 bottles sold in the first few weeks in Australia and New Zealand. The company also secured the distribution rights for the iconic Howard Park wine brand in key international markets. Moving forward, AVG plans to leverage its core brands while launching new brands to target new growth opportunities. The company remains focused on generating free cash flow and positioning itself for sustainable growth.

AVG expects 5-7% sales growth for the full FY26 year, driven by the disruptive Poco Vino and Lemsecco launches, the MadFish distributor buyout, and innovation expansion in Asia and North America. The company anticipates higher cash outflows of ~$35M in the first half of FY26 due to the MadFish acquisition, Poco Vino launch working capital, and new EPR/PRN tax payments in the UK, but expects to deliver neutral cash flows for the full financial year.

AVG is maintaining its core brands in a softening wine market, investing in margin-accretive innovation to drive revenue growth, expanding the global launch and ranging of Poco Vino and Lemsecco, embedding and expanding the MadFish acquisition, leveraging its export capabilities for new market expansion, reducing fixed grape supply, and pursuing strategic partnerships to accelerate growth and optimize operational efficiencies.