2025 Annual Report Released

 On behalf of your Board of Directors, I am pleased to present the annual report for the year ending June 30, 2025.

 

As advised in our post-harvest announcement on May 5, our total harvest was 5,362 tonnes, and the crop value was $9,626,615. While the tonnage harvested was pleasing and above our original budget, the further decrease of 16% on average in prices paid per tonne for our grapes had a significant impact on our financial results for the year.   

 

The operating loss was $2,254,646, and the loss before tax of $2,919,133 is after allowing $664,487 for other non-cash items. EBITDA was positive at $2,326,706. As a result of the negative impact on cash flow from lower-than-budgeted revenue, your Board has resolved not to pay a dividend this year. The Annual Report and Notice of Meeting have been emailed or posted directly to shareholders.

 

Joe Ferraby (Chairman)

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