Foley Wines reports record sales, declares dividend despite profit slump

Foley Wines Limited reported total revenue of NZD70,582 for the 12 months ended June 30, 2025, a 6.2% increase from the prior period. Despite this growth, net profit from continuing operations decreased by 104.8% to $(48), and total net profit fell by 54.5% to $(1,857). The company declared a final fully imputed dividend of $0.02 per quoted equity security, payable on October 24, 2025, to shareholders on record by October 10, 2025.

The company achieved record case sales of 610,000, up 9% from the previous year, driven by a 14.6% increase in export case sales. Operating EBITDA for the period was $12,628, a 21.9% decrease. This performance comes as the New Zealand wine industry faced challenges, including a smaller 2024 vintage and declining demand due to the economic climate. Foley Wines focused on premiumization and strong routes to market. Its valuation of freehold land, buildings, land improvements, and bearer plants was determined by independent valuers.