Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag 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.

flag 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. flag 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. flag 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. flag Despite the financial setbacks, core operational performance remained within expected ranges.

96 Articles