Treasury Wine Estates Limited (ASX:TWE)

Treasury Wine Estates Income Statement

Financials in millions AUD. Fiscal year is July - June.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	2,729	2,990	2,808	2,488	2,532	2,684
Revenue Growth (YoY)	-10.96%	6.47%	12.86%	-1.72%	-5.67%	0.21%
Cost of Revenue	1,472	1,569	1,542	1,397	1,466	1,597
Gross Profit	1,257	1,421	1,267	1,092	1,066	1,087
Selling, General & Admin	648.5	648.2	641.1	571.8	507.5	537.9
Other Operating Expenses	964.1	7	361.4	28.6	44.8	58.4
Operating Expenses	1,613	655.2	1,003	600.4	552.3	596.3
Operating Income	-355.6	765.8	264.3	491.1	513.8	491.1
Interest Expense	-229	-234.6	-205.1	-152.3	-122.9	-106.9
Interest & Investment Income	121.1	124.7	106.8	79.6	51.5	33.4
EBT Excluding Unusual Items	-463.5	655.9	166	418.4	442.4	417.6
Merger & Restructuring Charges	-	-	-	-	-12.8	-
Gain (Loss) on Sale of Assets	2	-0.2	23.6	-	-	-
Asset Writedown	-50.2	-29	-21.3	-81.4	-56.7	-59.9
Pretax Income	-511.7	626.7	168.3	337	372.9	357.7
Income Tax Expense	-78.5	189.9	69.3	82.7	109.7	107.7
Earnings From Continuing Operations	-433.2	436.8	99	254.3	263.2	250
Minority Interest in Earnings	-0.2	0.1	-0.1	0.2	-	-
Net Income	-433.4	436.9	98.9	254.5	263.2	250
Net Income to Common	-433.4	436.9	98.9	254.5	263.2	250
Net Income Growth	-	341.76%	-61.14%	-3.31%	5.28%	1.87%
Shares Outstanding (Basic)	811	811	779	729	722	721
Shares Outstanding (Diluted)	811	816	782	732	725	723
Shares Change (YoY)	-0.89%	4.27%	6.82%	1.00%	0.24%	0.28%
EPS (Basic)	-0.53	0.54	0.13	0.35	0.36	0.35
EPS (Diluted)	-0.53	0.54	0.13	0.35	0.36	0.35
EPS Growth	-	325.40%	-63.79%	-4.13%	4.91%	1.76%
Free Cash Flow	249.3	396.6	255.5	28.4	459.6	361.8
Free Cash Flow Per Share	0.31	0.49	0.33	0.04	0.63	0.50
Dividend Per Share	0.200	0.400	0.360	0.350	0.310	0.280
Dividend Growth	-48.72%	11.11%	2.86%	12.90%	10.71%	-
Gross Margin	46.06%	47.52%	45.11%	43.86%	42.11%	40.52%
Operating Margin	-13.03%	25.61%	9.41%	19.74%	20.29%	18.30%
Profit Margin	-15.88%	14.61%	3.52%	10.23%	10.40%	9.31%
Free Cash Flow Margin	9.13%	13.26%	9.10%	1.14%	18.15%	13.48%
EBITDA	-264.3	854.1	346.5	569.5	592.2	584.8
EBITDA Margin	-9.68%	28.56%	12.34%	22.89%	23.39%	21.79%
D&A For EBITDA	91.3	88.3	82.2	78.4	78.4	93.7
EBIT	-355.6	765.8	264.3	491.1	513.8	491.1
EBIT Margin	-13.03%	25.61%	9.41%	19.74%	20.29%	18.30%
Effective Tax Rate	-	30.30%	41.18%	24.54%	29.42%	30.11%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.