Australian Vintage has reported its financial results for the year ending 30 June 2026, with total operating revenue rising to $257.6 million.

The company reported a statutory net loss after tax of $66.4 million, which included a $27 million inventory write-down and $5.4 million in deferred tax asset impairments.

The company’s revenue was up $1 million year-on-year. Highlights included:

• McGuigan remaining the No. 1 zero-alcohol still wine in the world.
• New innovation, Poco Vino selling more than 2.2 million units globally in FY26 across six SKUs in 11 months, becoming the number one fastest growing glass format minis brand in the UK and is selling or being shipped to 12 global markets and growing.
• Lemsecco Australian scan sales rising 116% year-on-year, with distribution building in the US and China.
• MadFish accelerating ahead of expectations, delivering +25% sales growth over the past 26 weeks, with more distributions confirmed across the UK.
• Total Australian Vintage share growing +3% in Australia, while maintaining a stable 6% share of the UK wine market.

Transformational Poco Vino results

Australian Vintage said the launch of Poco Vino had been transformational for the company’s sales outlook, with the unique
format product achieving sales run rates that far exceeded 750ml wine equivalents.

“Importantly, Poco Vino is addressing recruitment back into the wine category through its smaller format, disruptive shelf presentation and is resonating with a younger demographic and leveraging the global shift towards convenience,” Australian Vintage said.

Poco Vino premiums range, “Atlas Series”, launched at the TFWA Global Travel Retail show this year with airport and on-premise launches planned for February 2027, taking the brand into the premium wine segment at a recommended retail price of $20 per unit, versus $7 for the core portfolio.

An additional eight Poco Vino SKUs across Prosecco and on-trend flavoured spritzes will launch in October FY27 in Australia and New Zealand.

Poco Vino is projected to exceed $20 million in net sales for FY27, supported by further expansion of core still wines across Asia and the US, as well as sparkling portfolio growth in Australia and New Zealand.

Outlook for FY27 & pay rise for CEO

Australian Vintage said FY26 represented a year of significant transformation for AVG across leadership and product portfolio.

“Through a disciplined focus on cash generation, cost optimisation, strategic brand acquisitions and innovation, including the successful launch of Poco Vino and other innovative brands, the Group strengthened its portfolio, streamlined its cost base and enhanced operational performance,” the company said.

“These initiatives have positioned Australian Vintage as a stronger, more agile business, well placed to deliver sustainable growth and improved profitability in the years ahead.

“With these foundations established, AVG expects to deliver a net positive cash position for the full financial year FY27, reducing debt for the first time in years while accelerating the growth of global innovation Poco Vino and acquisitions as critical to the group’s strategy.”

The Board of Directors has approved a variation to the Chief Executive Officer Tom Dusseldorp’s, employment contract to increase his remuneration from $489,920 to $698,000 effective from the start of the FY27 financial year on 1 July 2026.

The company said the increase was awarded following the successful turnaround achieved in FY26, with Australian Vintage delivering growth and cash flow improvements in line with its objectives and establishing a clear direction for future performance.