Delegat Group listed wine company increased case sales 4% during FY2026 and is forecasting a similar sales volume lift over the next three years.
Operating revenue in FY26 was $364 million, up 4%, and operating net profit after tax was $61.5m, up 20%.
Reported net profit was down 19% at $39.5m because of accounting adjustments for biological assets and a non-cash impairment of Barossa Valley Estate assets.
Net debt was reduced by $51.8m and the directors declared a fully imputed dividend of 22c payable on October 9, an increase of 10% on the dividends paid for the past five years.
Case sales were 3.3 million in FY26 and the forecast is for 3.4 million this year.
Sales continue to be well diversified by market, with 47% in North America, 31% in the United Kingdom, Ireland and Europe, and 22% in Australia, New Zealand, China and the Asia Pacific region.
The 2026 harvest delivered exceptional quality fruit across Marlborough, Hawke’s Bay and the Barossa Valley.
The harvest was 38,255 tonnes, 19% below the 2025 harvest, consistent with the inventory management strategy communicated last year. Inventory levels are aligned to support FY27 case sales.
Delegat has a strong and steady share price of $4.40, a market capitalisation of $445m for 101 million shares and net tangible assets of $5.79/share.
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