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Australian Vintage Ltd ( (AU:AVG) ) just unveiled an update.
Australian Vintage Ltd has announced an accelerated strategy to reduce its inventory and enhance free cash flow for the fiscal year 2026 and beyond. This involves exiting a long-term lease with Fresh Country Farms for the Millewa Vineyard, which predominantly produces red varietals that exceed current demand. The lease exit is expected to yield a net cash flow benefit of over $8 million over the remaining lease term, supporting the company’s flexible grape sourcing strategy and inventory reduction goals.
More about Australian Vintage Ltd
Australian Vintage Ltd operates in the wine industry, focusing on the production and distribution of wine products. The company is involved in managing vineyards and sourcing grapes, with a market focus on optimizing inventory and cash flow.
Average Trading Volume: 964,118
Technical Sentiment Signal: Sell
Current Market Cap: A$25.7M
See more data about AVG stock on TipRanks’ Stock Analysis page.