Delegat Group reports sales, profit decline in 2025

Delegat Group, the NZX-listed wine maker and exporter, has reported a decline in sales and operating profit for the 2025 financial year.

Global case sales reached 3.2 million, down 12% from the previous year.

Operating revenues also decreased by 7% to $349.6 million, while operating ebitda and ebit were down 9% and 13% respectively.

Operating net profit after tax (npat) fell 14% to $51.1m.

However, reported npat of $49m was up 56% due to the valuation of biological assets.

Delegat achieved record operating cashflows of $105.7m, enabling the repayment of $31.5m in debt.

The company has a strong balance sheet and successfully refinanced its $420m syndicated banking facilities.

Delegat Group's sales were diversified, with 47% in North America, 32% in the UK, Ireland, and Europe, and 21% in Australia, New Zealand, China, and the Asia Pacific region.

The company plans to lift case sales by 13% over the next three years.