Delegat Group Limited

Overview

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.

Performance

The following information was extracted from Delegat Group Limited's Full Year Results, released on 28 August 2026:

Delegat Group reports FY26 results FY26 financial summary

• 3.3 million global case sales, up 4% on FY25

• Operating Revenues of $364.1 million, up 4% on FY25

• Record Operating EBITDA of $134.5 million, up 15% on FY25

• Operating EBIT of $104.1 million, up 17% on FY25

• Operating NPAT of $61.5 million, up 20% on FY25

• Reported NPAT of $39.5 million, down 19% on FY25

• Record Cash from Operations of $110.5 million, up 5% on FY25

• Net debt reduced by $51.8 million.

NZX-listed wine maker and exporter, Delegat Group, this week reported a strong FY26 result, with sales revenues of $364.1 million, up 4% on FY25, record operating EBITDA of $134.5 million, up 15% on FY25, and Operating NPAT of $61.5 million, up 20% on FY25.

The Reported NPAT of $39.5 million is down 19% on FY25, primarily driven by NZ IFRS requirement to value biological produce (grapes) at their market value, as opposed to their cost to grow, and a non-cash impairment recognised on the assets of Barossa Valley Estate of $8.7 million. This year’s adjustment for biological produce (grapes) resulted in a write-down of $9.0 million compared to a write-up of $9.4 million in FY25, due to the managed reduction in yields for the 2026 harvest. The non-cash impairment charge in respect of the assets of Barossa Valley Estate reflects a prudent reassessment of future cashflows associated with premium Australian red wine assets. It has no impact on the Group’s cash flow, liquidity, banking facilities or future investment plans. The Group remains confident in the strength of the Group’s core business, the quality of its brands and assets, and its long-term growth prospects.