NZX Governance Explorer

How Foley Wines Limited makes money

Where FWL’s revenue went in FY2024: operating costs, depreciation, interest and tax, and what was left as net loss. Built from the income statement in the filed annual report, and drawn only when the figures reconcile with each other. FWL company profile

How Foley Wines Limited makes money — FY2024

Revenue $66.4m · EBITDA $16.2m (24.3% of revenue) · Net loss $4.1m (-6.1% of revenue) · Financial year ending June (from the issuer record)

Foley Wines Limited (FWL) FY2024: where revenue of $66.4m wentRevenue → EBITDA: $16.2mRevenue → Operating costs (net of other income): $50.3mEBITDA → EBIT: $9.2mEBITDA → Depreciation & amortisation: $7.0mEBIT → Interest: $4.6mEBIT → Income tax: $4.6mNet loss → Income tax: $219kNet loss → Other items (net cost): $3.9mRevenue: $66.4mRevenue$66.4mEBITDA: $16.2mEBITDA$16.2mOperating costs (net of other income): $50.3m (derived)Operating costs (net ofother income)$50.3m · derivedEBIT: $9.2mEBIT$9.2mDepreciation & amortisation: $7.0mDepreciation &amortisation$7.0mNet loss: $4.1mNet loss$4.1mInterest: $4.6mInterest$4.6mIncome tax: $4.8mIncome tax$4.8mOther items (net cost): $3.9m (balancing item)Other items (net cost)$3.9m · balancing

Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).

Foley Wines Limited FY2024 figures used in the chart
FY2024AmountStatusNote
Revenue$66.4mReported
Operating costs (net of other income)−$50.3mDerived *Reported operating expenses $13.6m do not reconcile; not used.
EBITDA$16.2mReported
Depreciation & amortisation−$7.0mReported
EBIT$9.2mReported
Interest (net finance costs)−$4.6mReported
Income tax−$4.8mReported
Other items (net cost)−$3.9mBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net loss-$4.1mReported
  • * operating costs: $50.3m = Revenue − EBITDA
Checks run on these figures (6)
  • Passed: Revenue is within the scale of a column stored in thousands.
  • Passed: Revenue in the income statement ($66.4m) vs the summary table ($66.4m): agree within 2%.
  • Passed: EBITDA − D&A = $9.2m vs reported EBIT $9.2m: reconciles.
  • Not met: Reported operating expenses ($13.6m) leave $52.8m, not EBITDA of $16.2m (gap $36.7m); costs derived as revenue minus operating profit instead. No split is shown.
  • Passed: Balancing item -$3.9m is 5.8% of revenue (limit 25%).
  • Not met: No operating segments recorded for this year.

Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.

Annual report: Foley Wines Limited Annual Report 2024 (PDF, NZX)

Year-on-year EBITDA bridge (FY2023 → FY2024)

Bridge not available: FY2023 is not charted: Figures were not read from a filed annual report (source: not recorded).

Margins over time

EBITDA, EBIT and net profit as a share of revenue for each year whose figures passed the checks (5 of 9 years from FY2017). The shaded line is the median of 12 other listed Consumer Staples operating companies, using each one’s same financial year where it passed the checks; the number of companies in each median is in the table. Gaps are years that were not charted.

EBITDA margin
FWL ebitda margin by financial year, with peer median-10%10%30%FY17FY18FY20FY22FY24FY25FY2017: FWL 8.0%; peer median 12.4% (5)FY2018: FWL 16.4%; peer median 16.8% (4)FY2019: not charted — not from annual reportFY2020: not charted — not from annual reportFY2021: not charted — not from annual reportFY2022: FWL 26.2%; peer median 13.6% (5)FY2023: not charted — not from annual reportFY2024: FWL 24.3%; peer median 16.2% (8)FY2025: FWL 17.9%; peer median 15.5% (9)
EBIT margin
FWL ebit margin by financial year, with peer median-10%10%30%FY17FY18FY20FY22FY24FY25FY2017: FWL 1.2%; peer median 8.9% (7)FY2018: FWL 9.1%; peer median 12.9% (5)FY2019: not charted — not from annual reportFY2020: not charted — not from annual reportFY2021: not charted — not from annual reportFY2022: FWL 16.5%; peer median 9.8% (5)FY2023: not charted — not from annual reportFY2024: FWL 13.8%; peer median 12.1% (9)FY2025: FWL 7.7%; peer median 10.9% (10)
Net margin
FWL net margin by financial year, with peer median-10%10%30%FY17FY18FY20FY22FY24FY25FY2017: FWL 8.1%; peer median 5.2% (7)FY2018: FWL 4.3%; peer median 8.5% (5)FY2019: not charted — not from annual reportFY2020: not charted — not from annual reportFY2021: not charted — not from annual reportFY2022: FWL 10.7%; peer median 2.3% (5)FY2023: not charted — not from annual reportFY2024: FWL -6.1%; peer median 5.1% (9)FY2025: FWL -2.6%; peer median 6.9% (10)

FWL   peer median   below the axis: year not charted (reason in the table). All panels share one scale.

FWL margins by year with peer medians
YearEBITDA margin: FWL · peer median (n)EBIT margin: FWL · peer median (n)Net margin: FWL · peer median (n)Note
FY20178.0%12.4% (5)1.2%8.9% (7)8.1%5.2% (7)
FY201816.4%16.8% (4)9.1%12.9% (5)4.3%8.5% (5)
FY2019—14.6% (5)—11.0% (6)—7.3% (6)Not charted: not from annual report
FY2020—19.7% (5)—15.3% (7)—11.6% (7)Not charted: not from annual report
FY2021—24.1% (2)—7.6% (4)—6.0% (4)Not charted: not from annual report
FY202226.2%13.6% (5)16.5%9.8% (5)10.7%2.3% (5)
FY2023—11.7% (7)—8.9% (7)—1.8% (7)Not charted: not from annual report
FY202424.3%16.2% (8)13.8%12.1% (9)-6.1%5.1% (9)
FY202517.9%15.5% (9)7.7%10.9% (10)-2.6%6.9% (10)

Peer medians use only peer-years that passed the same checks; a median of fewer than two companies is not shown. Years are grouped by financial-year label, and year-end months differ between companies.

Not yet available: where the cash goes (operating cash flow to capex, dividends and debt) and underlying versus reported earnings. The figures they need are not yet validated.

Years not charted

These years are on file but their figures did not pass the checks, so no chart is drawn for them.

  • FY2023: Figures were not read from a filed annual report (source: not recorded).
  • FY2021: Figures were not read from a filed annual report (source: not recorded).
  • FY2020: Figures were not read from a filed annual report (source: not recorded).
  • FY2019: Figures were not read from a filed annual report (source: not recorded).

All companies with a chart

Data sourced from NZX company annual reports (income statements). Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz.

For informational purposes only. Not investment advice.

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