Australia's Treasury Wine cancels remaining stock buyback, sees lower first-half earnings
16/12/2025 22:01
Dec 17 (Reuters) - Australia's Treasury Wine Estates TWE.AX on Wednesday cancelled the remaining portion of its A$200 million ($132.54 million) share buyback, which it had paused in October, while forecasting lower operating earnings for the first half of fiscal 2026. The luxury winemaker now sees earnings before interest, tax, SGARA and material items (EBITS) in the range of A$225 million to A$235 million for the first half of fiscal year 2026, compared to A$391.4 million reported in the prior corresponding period. ($1 = 1.5090 Australian dollars) (Reporting by Shivangi Lahiri and Roushni Nair in Bengaluru, Editing by Harikrishnan Nair and Shailesh Kuber) ((Roushni.Nair@thomsonreuters.com))
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Brief: Treasury Wine Says F26 EBITS Expected To Be In Range Of A$480-A$490 Million