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Treasury Wine Estates Limited (ASX:TWE)

ALERT: Price-sensitive ASX Announcement for TWE
Current share price for TWE : $4.730 -0.51 (-9.73%)+
Announcement
Release
16 Feb 2026 8:19AM
Price at Release
$5.240
Full Release
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Summary
The interim results presentation for Treasury Wine Estates Limited (TWE) for the first half of 2026 reflects a challenging market environment characterized by reduced EBITS and EBITS margin across various segments. Penfolds reported a 19.6% decrease in EBITS, driven by shipment restrictions and previous cycle dynamics, although demand remained strong in key markets. Treasury Americas faced a 63.6% drop in EBITS due to the soft US wine market and distribution transitions, with some recovery expected outside California. The Treasury Collective also experienced a 51.1% decline in EBITS, influenced by US market conditions and inventory reductions. Despite these challenges, TWE anticipates stronger performance in the second half of 2026, supported by strategic focus on market execution, cash management, and the TWE Ascent program. The suspension of the interim dividend is a measure to prioritize capital preservation.
Key Points
  • TWE reports a 19.6% decrease in Penfolds EBITS.
  • Treasury Americas EBITS decreased by 63.6%.
  • Treasury Collective EBITS fell by 51.1%.
  • Challenges in the US market and distribution transitions impact performance.
  • Positive depletions growth in key markets like China and Australia.
  • Strategic focus on market execution and cash management.
  • Suspension of interim dividend to preserve capital.
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.