UK's Artisanal Spirits preliminary 2025 revenue falls 16% on US disruption

Artisanal Spirits

30/03/2026 07:12

Overview

UK premium whisky maker's preliminary 2025 revenue fell 16% yr/yr amid US disruption

Co reports adjusted EBITDA loss of £1.9 mln, reflecting US shutdown and RTM change costs

Company reported growth in cask sales, venues, and Single Cask Nation, but 25% revenue drop in Asia

Outlook

Company says FY26 guidance remains unchanged, with trading in line with expectations

Company expects cost savings of about $1 mln over three years from new US route-to-market

Company sees early 2026 revenue growth in Asia and America offsetting slower start in Europe

Result Drivers

US SHUTDOWN & RTM CHANGE - Co said US government shutdown and route-to-market change prevented anticipated shipments and caused revenue reversal, directly impacting FY25 results

ASIA HEADWINDS - Co said continued economic and market headwinds in Asia led to a 25% regional revenue decline

COST MANAGEMENT - Co said cost management and efficiencies delivered recurring savings of £0.3 mln in the year, with further savings expected from organisational redesign

Company press release: ID:nRSd5917Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
GBP 19.9 mln
GBP 20.57 mln (1 Analyst)
FY Net Income
-GBP 7.2 mln
FY Adjusted EBITDA
Miss
-GBP 1.9 mln
-GBP 497,000 (1 Analyst)
FY Gross Margin
57.00%
FY Pretax Profit
Miss
-GBP 7 mln
-GBP 4.65 mln (1 Analyst)
FY EBITDA
-GBP 2.4 mln
FY Gross Profit
GBP 11.3 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the distillers & wineries peer group is "buy."

Wall Street's median 12-month price target for Artisanal Spirits Company PLC is GBp75.00, about 138.1% above its March 27 closing price of GBp31.50

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)