Business
Foley Wines : 28 August 2025 Foley Wines Full Year Announcement 2025
Foley Wines : 28 August 2025 Foley Wines Full Year Announcement
About this update from Foley Wines Ltd.
STRONG SALES RESULTS FOR FOLEY WINES IN CHALLENGING YEAR FOR INDUSTRY 28 AUGUST 2025 - Foley Wines released the Company's Annual Report to June 2025 to the New Zealand Stock Exchange today. Performance Overview: Bottled sales revenue $66,375,000 (up 6%) Case sales 610,000 (up 9%) Operating earnings $1,388,000 (down 66.4%) (Loss) after tax $(1,857,000) (down 54.5%) Operating EBITDA $12,628,000 (down 21.9%) Foley Wines Interim CEO Mike Higgins said, "despite the 2025 financial year being challenging for the Company and the New Zealand wine industry, I am pleased to report that we have had a record year for case sales. Whilst the wider market for packaged wine was down 7% on last year, our case sales were up 9% in the same period, with export case sales up 14.6%. This demonstrates our premiumisation strategy and the Company's continued focus on developing strong routes to market for our brands is delivering results." "The size of the 2024 vintage, a decrease of 21% on the previous year's harvest, meant we had to be very strategic in terms of where we were going to sell our wines and also focus on selling our premium products," commented Higgins. Maintaining focus on selling packaged wine through established channels and assisting retailers with additional promotional funding to keep the Company's brands front of mind for consumers was critical. The focus and investment in Asian markets has delivered material growth, with the Company's case sales up 115%. "We expect these markets to grow in the future with an emphasis on our higher end premium wines," said Higgins. Investing in the key export markets of Australia, UK and Asia has led to a significant increase in shipments and has meant the Company is already shipping the 2025 vintage, with inventory generally in balance. The Company has completed its second year of trading at The Runholder, its Martinborough hospitality venue, comprising a restaurant, tasting room, cellar door and distillery. "Nearly 50,000 patrons have dined at The Runholder restaurant since opening, with average spend increasing significantly during this time,' remarked Higgins. The Runholder restaurant has been included in the 2025 Cuisine Good Food Guide and both the Mt Difficulty Restaurant and Cellar Door and The Runholder have been recognised with Gold Qualmark accreditation, the Company reports. Improvements in environmental sustainab...