Australia's Treasury Wine Estates rises on unveiling new regional operating model

Treasury Wine Estates

22/04/2026 02:07

** Shares of winemaker Treasury Wine Estates TWE.AX rise as much as 16.3% to A$4.70, their highest point since February 20

** Company says it will shift to a new regional operating model from October 1 across four structured regions

** Stock sees its strongest intraday trading session since May 20, 2014

** Also secures A$300 million ($214.74 million) in new debt commitments

** TWE continues to expect its 2H26 EBITS to be higher than the 1H26

** Co does not expect higher costs arising from the Middle Eastern conflict to have a material impact in fiscal 2026

** Analysts at Citi revises TWE's rating to "neutral", citing new debt commitments might incrementally reduce near-term concern on TWE's balance sheet

** Stock down 11.3%, YTD

($1 = 1.3970 Australian dollars)

 (Reporting by Sruthi Narasimha Chari in Bengaluru)

 ((Sruthinarasimha.chari@thomsonreuters.com))