Australia's Treasury Wine slips as dividend bottled, first-half profit slumps

Treasury Wine Estates

15/02/2026 23:58

** Shares of Australia's Treasury Wine Estates TWE.AX slip as much as 3.1% to A$5.08, hitting their lowest level since February 6

** Stock logs its weakest intraday trading session since February 11

** The luxury wine producer suspends interim dividend, posts a nearly 50% drop in first-half profit to A$128.5 million ($90.81 million)

** Co booked a non-cash impairment charge of A$770.5 million post-tax on its U.S.-based assets

** Logged its biggest interim loss after tax on a statutory basis since listing in 2011, of A$649.4 million

** Balance sheet is stretched, underlying demand (wine) is weak and TWE has needed to push out product to realign excess inventory in markets across Asia - Jarden

** Stock down 1.7% YTD, including the day's moves

($1 = 1.4150 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))