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Why Did Treasury Wine Estates Plunge to a $649M Loss and Halt Dividends?
8:32am on Monday 16th of February, 2026 AEDT
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Why Did Treasury Wine Estates Plunge to a $649M Loss and Halt Dividends?
8:32am on Monday 16th of February, 2026 AEDT
Key Points
Half-year net loss of $649.4 million, reversing prior profit
Revenue down 16.6% to $1.31 billion due to reduced shipments and portfolio mix
Non-cash impairment charge of $751 million primarily on US assets
Management earnings before interest, tax, SGARA and material items (EBITS) fell 39.6%
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Treasury Wine Estates (ASX:TWE)
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