2026 Annual Report Released

 

On behalf of your Board of Directors, I am pleased to present the annual report for the year ending June 30, 2026.

 

As advised in our post-harvest announcement on May 12, our total harvest was 4,311 tonnes and the crop value was $6,153,657. Lower grape prices paid per tonne have had a significant impact on our financial results for the year. The operating loss was $4,612,141 and the loss before tax of $4,599,308 is after allowing $12,833 for other positive non-cash items. EBITDA was in the positive at $491,654. As a result of the negative impact on cash flow resulting from lower revenue than budgeted for, 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.

 

Ben Russell (Chairman)

Latest News