Delegat Group reports 20% increase in operating profit

Delegat Group reported a 20% increase in operating net profit after tax for fiscal year 2026, reaching $61.5 million. Operating revenue for the period rose 4% to $364 million.

While operating profit grew, reported net profit fell 19% to $39.5 million due to non-cash impairments of Barossa Valley Estate assets and accounting adjustments for biological assets. The company saw a 4% increase in case sales, totaling 3.3 million cases, and expects a similar volume lift over the next three years.

Revenue remains diversified across global markets, with 47% originating from North America, 31% from the United Kingdom, Ireland, and Europe, and 22% from Australia, New Zealand, China, and the Asia Pacific region. The 2026 harvest yielded 38,255 tonnes of high-quality fruit across Marlborough, Hawke’s Bay, and the Barossa Valley, which was 19% lower than the previous year in line with inventory management strategies.