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Financial data sourced from official regulatory filings and verified market data providers. Metrics calculated using GAAP/IFRS standards.

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The analyses and visuals on this site are for informational purposes only and do not constitute investment advice.

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Last updated: April 2026

TWE FINANCIAL STATEMENTS

Treasury Wine Estates Ltd — balance sheet, income statement and cash flow trends

TWETreasury Wine Estates Ltd

🇦🇺 Australia · AU · Consumer Defensive · Beverages - Wineries & Distilleries

Value itDuel
PriceFinancialsPeers

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
01 B2 B3 B202020212022202320242025

Profit Funnel

Q2 2025 · TTM
Revenue2.7 B A$Gross Profit1.3 B A$ · 46%Operating Income636.5 M A$ · 23%Pre-tax Income-511.7 M A$ · -19%Net Income-433.4 M A$ · -16%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue2.7 B A$+9.5%
Gross Profit1.3 B A$+21.6%
Operating Income636.5 M A$+11.0%
EBITDA857.5 M A$+41.2%
Net Income-433.4 M A$-286.0%

Peer Comparison· Beverages - Wineries & Distilleries

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
TWE-11.0%46.0%31.4%-15.9%
BF-B-1.2%60.5%26.8%18.2%
BF-A-1.2%60.5%26.8%18.2%
DGE22.7%60.6%28.5%14.6%
MGPI-20.4%36.4%-46.3%-46.0%
RI-10.3%58.4%29.1%14.1%
Industry median-1.2%58.4%26.8%14.1%
CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
TWE-11.0%46.0%31.4%-15.9%
EDV-1.2%34.9%12.0%3.1%
Industry median-1.2%58.4%26.8%14.1%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
02.5 B5 B7.5 B202020212022202320242025

Capital Structure

Q2 2025
Total Assets6.9 B
  • Equity3.9 B A$56%
  • Current Liabilities845 M A$12%
  • Long-term Liabilities2.2 B A$31%

Key Figures

YoY change
Total Assets6.9 B A$-16.5%
Total Liabilities3 B A$-13.6%
Total Equity3.9 B A$-18.7%
Cash & ST Investments216.1 M A$-50.5%
Total Debt2.5 B A$+16.9%
Net Debt2.3 B A$+34.2%

Peer Comparison· Beverages - Wineries & Distilleries

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
TWE2.0964.7%2.6556.1%
BF-B3.2453.5%1.7550.9%
BF-A3.2453.5%1.7550.9%
DGE1.60208.6%2.1623.1%
MGPI2.7443.7%-1.0156.4%
RI2.3387.9%3.8441.1%
Industry median2.3364.7%2.1650.9%
CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
TWE2.0964.7%2.6556.1%
EDV0.83134.1%3.4333.4%
Industry median2.3364.7%2.1650.9%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
0200 M400 M202020212022202320242025

Cash Flow Bridge

Q2 2025 · TTM
-200 M0200 M400 M382.3 M A$Operating-131.2 M A$Investing-497.7 M A$Financing-246.6 M A$Net Change

Key Figures

YoY change
Operating Cash Flow382.3 M A$+43.8%
Capital Expenditures133 M A$-6.1%
Free Cash Flow249.3 M A$+100.9%
Dividends Paid-324.6 M A$-228.5%

Peer Comparison· Beverages - Wineries & Distilleries

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
TWE14.0%9.1%4.9%-88.2%
BF-B25.5%22.7%2.7%139.9%
BF-A25.5%22.7%2.7%139.9%
DGE23.8%13.9%7.0%163.0%
MGPI16.4%10.4%6.0%-35.6%
RI16.8%11.6%5.2%119.2%
Industry median16.8%11.6%4.9%139.9%
CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
TWE14.0%9.1%4.9%-88.2%
EDV9.2%5.4%3.8%296.8%
Industry median16.8%11.6%4.9%139.9%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.