• Revenue from ordinary activities declined by 12.2% to $2,626.0M
• Net loss attributable to shareholders was $1,077.8M
• Dividend suspended to prioritize capital preservation
• EBITS was $492.3M, down 36.1%
• Earnings per share decreased 41.3% to 34.1 cents per share

Treasury Wine Estates Ltd (ASX:TWE) released its 2026 Annual Report, detailing financial results for the year ended 30 June 2026. Revenue from ordinary activities declined by 12.2% to $2,626.0 million. The company reported a net loss attributable to shareholders of $1,077.8 million, compared to a profit of $436.9 million in the previous year. Earnings before interest, tax, SGARA, and material items (EBITS) were $492.3 million, a 36.1% decrease. Earnings per share (EPS) decreased by 41.3% to 34.1 cents per share. The company suspended dividends to prioritize capital preservation and reduce leverage. The company's balance sheet remains strong, with net debt/EBITDAS at 2.8x, expected to return to below 2.0x by the end of F28. The company is implementing the Ascent transformation program to sharpen its portfolio and improve operational performance.

EBITS guidance for F26 was $480-490 million

TWE remains positive about its long-term prospects in the luxury wine category and is committed to the Ascent transformation program to position the business for sustainable, attractive returns.