Australian Vintage Limited has announced the successful refinancing of its structural debt for two years, with new finance facilities totalling $128 million until March 2028 and an option to extend into 2029.

In what it described as a “transformational year” Australian Vintage said it had generated a positive cash flow generation of $20 million in the second half of FY26.

Poco Vino was highlighted as one of Australian Vintage’s major growth drivers. In market for eight months, the range is now available in over 8000 stores in more than nine countries, selling approximately 500 bottles an hour or the equivalent of 12,000 bottles a day.

The current Poco Vino range of six still wines will more than double in FY27 with the launch of a full sparkling portfolio. Moscato, Prosecco and a range of flavoured spritzes will add another eight products to the core portfolio.

A premium Poco Vino range called ‘Atlas Series’ in Global Travel Retail stores around the world is planned to take the brand into premium wine segment at a $25 recommended retail price.

Australian Vintage said these additions and new market launches will ensure the continued momentum and success of Poco Vin, with sales expected to exceed $20 million into FY27.

The company reported a second innovation, Lemsecco, is scanning +116% more in Australia over the last year and is now selling in the United States and China.

Newly acquired international brand MadFish and distribution deal for Graham Norton in the UK is adding an annualised run rate of over $12 million in net sales for the group. New ranging is driving growth in Tesco, Waitrose and independents
across the UK and Ireland.

Since the acquisition of the MadFish brand in H1, performance has accelerated with the last 12 weeks showing 54% growth on the same time last year.

Core brand McGuigan is outperforming the market and key competitors in Australia, scanning +1% in volume. McGuigan in the UK is in line with the broader Australian wine segment which is scanning -4% latest year vs year ago. McGuigan
remains a leader in the zero alcohol category and is the No. 1 zero still wine brand in UK, growing +7% in the last year.

Inventory reduction has been a strong focus for Australian Vintage with the company expecting to end the year at 90 million litres in bulk wine storage.

The company said it was pleased to see the growth in sales in the second half over the first half despite sales and cost impacts due to the Iran war.

“We expect the growth rate into FY27 will continue to accelerate into future years of the plan as we move to +$10 million underlying cashflow, excluding investments target for FY27,” Australian Vintage said.

“Being net cash flow positive, and reducing full year net debt, will be the first time the group has achieved positive group cash since 2021 during COVID-19.”