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TWE Finds Early Momentum as Ascent Reset Targets a Stronger Recovery
8:40am on Thursday 15th of October, 2026 AEDT
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TWE Finds Early Momentum as Ascent Reset Targets a Stronger Recovery
8:40am on Thursday 15th of October, 2026 AEDT
Key Points
$1.1 billion statutory net loss driven by non-cash US asset impairment
FY26 NSR fell 12.8% to $2.6 billion and EBITS declined 36.1% to $492.3 million
1Q27 trading was in line with plan, with leverage reduced to 2.7x
Ascent remains on track for $100 million in annual cost reductions by FY29
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Treasury Wine Estates (ASX:TWE)
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