Delegat posts $51.1m profit despite challenging market

Delegat Group Limited reported a creditable operating Net Profit After Tax of $51.1 million, despite a challenging global market environment that saw global case sales down 12% to 3.2 million. Operating EBITDA decreased 9% to $116.5 million, but cash from operations surged by 86% to $105.7 million. The board approved a fully imputed dividend payout of 20.0 cents per share, payable on October 10, 2025. The company continues to invest in growth assets, including over $250 million in the past four years, and plans an additional $26.2 million investment in 2026.

The 2025 harvest yielded exceptional quality fruit, with total tonnes up 39% from 2024. Delegat's climate-related disclosures highlight a 17% reduction in emissions intensity per litre of wine produced since 2021, driven by investments in fuel-efficient machinery and bottle weight optimisations. Transition planning is underway to achieve Net Zero emissions by 2050, aligned with New Zealand Winegrowers' targets.

The annual meeting of shareholders is scheduled for 2:00 pm on Thursday, December 4, 2025, in Auckland. The closing date for director nominations is 5:00 pm on Friday, October 10, 2025.