Revenues at Treasury Wine Estates has increased 7.2% to A$2.9bn in the year to 30 June 2025 as a rebound of exports to China of Australian wine boosted the group’s Penfolds brand.
Penfolds sales rose 7.3% in the year to A$1.1bn following the removal of Chinese tariffs on Australian bottled wine in early 2024.
Elsewhere, Treasury Americas increased sales 16.8%, while the premium brands declined 5.9%.
Underlying profits at the group jumped 17% for the year to A$770.3m thanks to the strong growth at Penfolds.
Outgoing CEO Tim Ford said he was pleased with Treasury’s performance in the year.
“While we continued to face headwinds in a number of markets, we remained laser-focused on executing our business plans, further strengthening the business for long-term growth and achieving strong financial performance, underpinned by Penfolds’ continued momentum and integrating Daou [Vineyards] into our luxury portfolio,” he added.
“We also completed transitioning to our new luxury portfolio-led operating model, a structural evolution that enhances our strategic clarity and positions us well for the future.
“I am incredibly proud of the transformation we’ve delivered over the past five years and want to thank our people for their passion, resilience and commitment to delivering on our strategy.”
Sam Fischer is set to take the helm at the group in October.
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