Delegat Group is a global wine industry success story. Delegat has achieved 22-fold growth since 2002 and is now the number one exporter of New Zealand wine to the world. The company has established Oyster Bay as a leading global Super Premium wine brand and owns Barossa Valley Estate in Australia. Delegat’s global team of 450 work hard to achieve the extraordinary and excel on four key success factors; world famous brands, global distribution, super premium quality and exclusive vineyard supply.
The following information was extracted from Delegat Group Limited's Full year results, released 29 August 2025
Delegat Group reports FY25 results
FY25 financial summary
-3.2 million global case sales, down 12% on FY24
NZX-listed wine maker and exporter, Delegat Group, this week reported a credible FY25 result, with sales revenues of $349.6 million, down 7% on FY24, operating EBITDA of $116.5 million, down 9% on FY24, and Operating NPAT of $51.1 million, down 14% on FY24.
The Reported NPAT of $49.0 million is up 56% on FY24, primarily driven by NZ IFRS requirement to value biological assets at their market value, as opposed to their cost to grow. This year’s adjustment for biological assets resulted in a write-up of $9.4 million compared to a write-down of $5.0 million in FY24, and the non-recurring adjustment for removing the ability to depreciate commercial buildings for tax purposes of $13.0 million in FY24.
Delegat Chief Executive Officer, Murray Annabell, says the Group achieved global sales of 3.2 million cases in 2025, 12% lower than the previous year.
The Group achieved record operating cashflows of $105.7 million in FY25, which enabled the repayment of debt of $31.5 million. The Group has a strong balance sheet and successfully refinanced its existing $420 million syndicated banking facilities in June 2025.
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