NZ$0.60 ($0.34)

+0.01 (+0.83%)

Weekly Expected Move ±4.0%

NZ$1 NZ$1 NZ$1 NZ$1 NZ$1

NZE · Consumer Defensive · Beverages - Wineries & Distilleries · Tech Score Buy · Power 68 · NZ$39.4M mcap · 17M float · 0.148% daily turnover

Analysis Technicals Weather Peers

Revenue

$68M -3.9% ▼

5Y CAGR: +3.2%

Gross Profit

$22M -1.1% ▼

5Y CAGR: +5.7%

Operating Income

$8M +249.3% ▲

5Y CAGR: -3.1%

Net Income

$3M +258.2% ▲

5Y CAGR: -5.3%

EPS (Diluted)

$0.04 +241.0% ▲

5Y CAGR: -7.5%

EBITDA

$15M +78.6% ▲

5Y CAGR: +3.8%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$58M	$67M	$66M	$71M	$68M
YoY Growth	-0.4%	+15.5%	-0.3%	+6.1%	-3.9%
Cost of Revenue	$35M	$44M	$41M	$48M	$45M
Gross Profit	$22M	$22M	$26M	$23M	$22M
Gross Margin	38.8%	33.5%	38.5%	32.0%	32.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$9M	$10M	$13M	$16M	$14M
Operating Expenses	$14M	$10M	$13M	$28M	$14M
Operating Income	$11M	$14M	$10M	-$6M	$8M
Operating Margin	18.8%	20.4%	15.0%	-7.8%	12.2%
Interest Expense	$2M	$3M	$5M	$4M	$2M
Income Before Tax	$10M	$9M	$701K	-$2M	$4M
Tax Expense	$4M	$3M	$5M	-$529K	$1M
Net Income	$6M	$6M	-$4M	-$2M	$3M
Net Margin	10.7%	9.5%	-6.1%	-2.6%	4.3%
EPS (Diluted)	$0.09	$0.09	$-0.06	$-0.03	$0.04
EBITDA	$17M	$19M	$12M	$8M	$15M
Shares Outstanding	74M	74M	66M	66M	74M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$35M	$32M	$30M	$36M	$34M	$34M	$35M	$33M
Cost of Revenue	$23M	$20M	$20M	$23M	$23M	$23M	$24M	$22M
Gross Profit	$12M	$11M	$10M	$13M	$11M	$11M	$11M	$11M
Gross Margin	35.2%	36.2%	34.3%	36.0%	31.9%	33.1%	31.7%	34.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$5M	$5M	$6M	$7M	$7M	$8M	$7M	$7M
Operating Expenses	$5M	$5M	$6M	$7M	$7M	$8M	$7M	$7M
Operating Income	$7M	$6M	$4M	$6M	$4M	-$10M	$4M	$4M
Operating Margin	20.3%	20.5%	13.6%	16.2%	12.1%	-28.7%	11.4%	13.1%
Interest Expense	$2M	$2M	$2M	$2M	$2M	$2M	$1M	$1M
Income Before Tax	$6M	$3M	$2M	-$1M	$2M	-$4M	$3M	$840K
Tax Expense	$2M	$878K	$519K	$4M	$421K	-$950K	$993K	$203K
Net Income	$4M	$2M	$2M	-$6M	$1M	-$3M	$2M	$637K
Net Margin	12.0%	6.7%	5.5%	-15.9%	3.2%	-8.7%	6.6%	1.9%
EPS (Diluted)	$0.06	$0.03	$0.03	$-0.09	$0.01	$-0.04	$0.03	$0.01
EBITDA	$10M	$8M	$8M	$5M	$7M	$6M	$7M	$8M
Shares Outstanding	74M	74M	66M	66M	74M	66M	74M	74M

FWL.NZ NZE