Key points
- Statutory revenue of $258 million, up $1 million on the prior year
- Underlying free cash flow generation of +$2 million, marking the first positive free cash flow since FY22
- Net debt finished at $89 million, better than $90m guidance
Full summary
Australian Vintage Limited (ASX:AVG) announced its FY26 full-year results, highlighting growth and cash flow improvements. The company reported statutory revenue of $258 million, a slight increase of $1 million from the previous year. Despite a decline in the first half, the second half saw a 2% revenue growth. The company achieved an underlying free cash flow of +$2 million, marking the first positive free cash flow since FY22. Operating cash flow was +$4 million, the first positive operating cash flow since FY22. Net debt stood at $89 million, better than the $90 million guidance. AVG also announced a $27 million impairment on inventory, restructuring costs, and a tax loss write-off, resulting in a net loss of -$64 million. The company expects to deliver a net positive cash position for FY27.
Guidance
AVG expects to deliver a net positive cash position for FY27.
Outlook
AVG expects to deliver sustainable growth and improved profitability in FY27, with a net positive cash position and reduced debt.