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AAP
AAP
Business
Kaaren Morrissey

RARE PHOTOS: Down the drain penfolds maker falls into the red | Vintage Vibes

Investors are backing Treasury Wine's plans, with its shares rising despite recording a big loss. (Bianca De Marchi/AAP PHOTOS)

The owner of Australia's best-known wine brand continues to wield the foil cutter on its businesses as it tries to overcome years of inventory missteps and reset the vintner for future success.

Penfolds owner Treasury Wine Estates fell into the red in 2025/26, with a huge bottom-line net loss of $1.1 billion.

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