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Treasury Wine Estates posted a $649.4M loss in H1 2026 due to a $751M U.S. asset write-down, hurt by market challenges in the U.S. and China.
Treasury Wine Estates, owner of Penfolds, reported a $649.4 million net loss for the first half of 2026, reversing a $220.9 million profit from the same period last year, primarily due to a $751 million post-tax impairment of U.S. assets.
Excluding the one-time charge, net profit fell 46.3% to $128.5 million, while underlying earnings before interest, tax, and material items reached $236.4 million, slightly above guidance but down nearly 40% year-on-year.
The decline was driven by ongoing challenges in the U.S. and Chinese markets, including disruptions from parallel import activity in China that restricted shipments.
Despite the financial setbacks, core operational performance remained within expected ranges.
Treasury Wine Estates registró una pérdida de $649.4M en el primer semestre de 2026 debido a una depreciación de $751M de activos estadounidenses, afectada por los desafíos del mercado en los Estados Unidos y China.