Diamond Estates publishes audited FY2026 financial report

• Diamond Estates Wines & Spirits published MNP LLP’s independent auditor’s report on its consolidated financial statements for the years ended March 31, 2026 and 2025.
• MNP issued an unmodified opinion, saying the statements present fairly the company’s financial position, performance, and cash flows under IFRS Accounting Standards.
• The auditor flagged a material uncertainty on going concern, citing a net loss in the year and an accumulated deficit at March 31, 2026.
• Key audit matters included inventory valuation for bulk and bottled wine, focused on overhead allocation judgments and count procedures.
• A second key audit matter covered impairment of long-lived assets, centered on recoverable amount estimates driven mainly by appraisals and valuation assumptions.

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