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Treasury Wine Estates Limited (ASX:TWE)

ALERT: Price-sensitive ASX Announcement for TWE
Current share price for TWE : $4.565 -1.255 (-21.56%)+
Announcement
Release
1 Dec 2025 8:30AM
Price at Release
$5.820
Full Release
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Summary
Treasury Wine Estates Limited (TWE) announced an expected non-cash impairment of its US-based assets due to projected reductions in future cash flows in its Americas business by 11% annually over the forecast period. Despite the continued growth of larger brands like DAOU, Frank Family Vineyards, and Matua, TWE is applying more conservative long-term market growth assumptions, leading to reduced long-term earnings growth rates. This will affect carrying values within the Treasury Americas and Treasury Collective - Americas units. The anticipated impairment will likely result in writing off all goodwill valued at $687.4 million as of 30 June 2025, with potential impacts on other assets. The final impairment figures will be concluded with the 2026 interim results. TWE plans to host an investor and analyst conference call in mid-December to update on performance in key markets including China and the US.
Key Points
  • Treasury Wine Estates Limited (TWE) anticipates a non-cash impairment of its US-based assets.
  • The impairment is expected due to a projected reduction in future cash flows in the Americas business by 11% per annum.
  • Despite growth in some brands, TWE is applying conservative long-term market growth assumptions impacting Treasury Americas and Treasury Collective - Americas units.
  • The impairment is likely to write off all goodwill ($687.4 million at 30 June 2025) in the Americas, with potential impacts on other assets.
  • The final impairment amount will be determined in the 2026 interim results.
  • An investor and analyst conference call will be held in mid-December to discuss market performance including in China and the US.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.