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Australian Vintage Ltd (ASX:AVG)

ALERT: Price-sensitive ASX Announcement for AVG
Current share price for AVG : $0.065 -0.022 (-25.29%)+
Announcement
Release
19 Feb 2026 8:13AM
Price at Release
$0.087
Full Release
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Summary
The financial report for Australian Vintage Ltd for the half-year ended 31 December 2025 reveals a challenging period, with a reported net loss of $21.926 million compared to a loss of $473,000 in the same period last year. Revenue slightly decreased by 1.7% compared to the previous year, amounting to $123.966 million. The company faced a break-even in EBITDAS, impacted by strategic inventory re-balancing and foreign exchange losses due to a stronger AUD. AVG derecognized $10 million in deferred tax assets due to cumulative tax losses but expects these to offset future profits. Despite the losses, the company remains focused on its growth strategies, leveraging innovations such as Poco Vino and Lemsecco Spritz, and expanding its distribution, particularly in North America and Asia. The company's financial statements indicate careful management of assets and liabilities, with ongoing efforts to optimize inventory and reduce reliance on red-heavy wine products.
Key Points
  • Reported net loss of $21.926 million for the half-year ended 31 December 2025.
  • Revenue decreased by 1.7% to $123.966 million compared to the previous year.
  • Break-even in EBITDAS impacted by strategic inventory re-balancing and foreign exchange losses.
  • Derecognition of $10 million in deferred tax assets due to cumulative tax losses.
  • Focus on strategic growth through innovations and distribution expansion.
  • Optimizing inventory and reducing reliance on red-heavy wine products.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.