• H1 sales in line with expectations, largely unchanged vs. prior year
• Net Debt of $110m in line with previous guidance
• Leading innovation Poco Vino and Lemsecco Spritz driving strong growth

Australian Vintage Ltd (ASX:AVG) has announced its 2026 Half Year results, reporting sales in line with expectations and a strong pipeline of growth drivers and partnerships set to accelerate growth in H2. Key highlights include the strong performance of leading innovations Poco Vino and Lemsecco Spritz, the global acquisition of the MadFish brand expanding the UK portfolio, and a new distribution partnership with Invivo to take full control and revenue benefit of the Graham Norton wine range in the UK and Europe. The company remains on track to deliver in line with its full year guidance, with a focus on cash and net debt management. Despite some one-off impacts, the business is well-positioned to capitalize on industry trends and deliver a strong second half performance.

AVG expects to deliver sales growth for the full year FY26 and achieve cash flow neutral excluding investments.