business / news / / ABC (Australian Broadcasting Corporation)
Yellow tail winemaker Casella Wines recorded a $5.5 million loss last financial year.
Casella Wines reported a $5.5 million loss, down from an $18.6 million profit in 2024.
KEY POINTS
- 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
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