# Yellow tail winemaker Casella Wines recorded a $5.5 million loss last financial year.

*business · news · 2026-04-19 · ABC (Australian Broadcasting Corporation)*

## Key points

- Casella Wines reported a $5.5 million loss, down from an $18.6 million profit in 2024.
- The company increased its debt by $170 million and breached a debt covenant before receiving a bank waiver.
- US market declines, including 10% tariffs and lower wine consumption, drove financial pressures for Yellow Tail.
- Murrumbidgee Irrigation Area grape plantings fell from 22,000 to 16,000 hectares over four years.
- Grape and Wine Australia seeks $140 million in federal support to address structural oversupply.

**Companies:** Casella Wines Pty Ltd, De Bortoli Wines
**Countries:** Australia, United States

[Read the full story on ABC (Australian Broadcasting Corporation)](https://www.abc.net.au/news/2026-04-20/low-wine-consumption-rising-costs-tariffs-see-yellow-tail-slump/106566568)

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