REG - Artisanal Spirits Co - AGM Statement

Artisanal SpiritsAnnouncement

21/05/2025 07:00

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RNS Number : 4858J  Artisanal Spirits Company PLC (The)  21 May 2025

21 May 2025

 

The Artisanal Spirits Company plc

 

("The Artisanal Spirits Company", "ASC" or "the Group")

 

AGM Statement

 

The Artisanal Spirits Company (AIM: ART), the creator of outstanding,
limited-edition whiskies and experiences around the world, and owner of The
Scotch Malt Whisky Society ("SMWS"), Single Cask Nation ("SCN") & J.G.
Thomson, will provide the following trading update statement at its Annual
General Meeting ("AGM") being held at 9.00am today:

 

The Board is pleased to confirm that the positive start to the year has
continued over the first four months. The Group achieved double-digit revenue
growth, resulting in year-on-year profitability improvement in the period,
more than offsetting the previously announced one-off £0.5m investment in
SMWS America ("SMWSA").

Supporting our full year performance ambitions, we are on track to deliver two
of our key strategic initiatives for the year:

Firstly, in January 2025 we completed the investment in the SMWS America
("SMWSA") business, resulting in us taking a greater proportion of the value
chain, through our full control of membership and marketing services. This has
already delivered improvements in operating model and an optimised cost base,
and we are working to further develop our model to offset the majority of the
impact of US import tariffs, before the next shipments in Q3-25.

Secondly, in the coming months we will launch our new private cask and luxury
experience programme, led by our new Commercial Director James Mackay, who
joined the Company in January 2025 from Diageo where he was previously Global
Private Client Director.

The performance to date, further strategic priority progress and expectation
of further year-on-year EBITDA improvement in the remainder of the year, gives
further confidence of delivering revenue and profit growth in the current
year. Whilst still early in the financial year, the Group remains on track to
meet Full Year 2025 consensus EBITDA of £1.5m.

 

For further enquiries:

 The Artisanal Spirits Company plc                        https://artisanal-spirits.com/link/Ve9Lxy

                                                        (https://artisanal-spirits.com/link/Ve9Lxy)
 Andrew Dane, Chief Executive Officer

 Billy McCarter, Chief Financial Officer

 Panmure Liberum Limited (Nominated Adviser and Broker)

 Dru Danford                                              Tel: +44 (0) 20 3100 2222

 Edward Thomas

 John More

 Instinctif Partners (Financial PR)

 Justine Warren                                           Tel: +44 (0)20 7457 2020

 Hannah Scott

About The Artisanal Spirits Company

ASC's purpose is to captivate a global community of whisky adventurers, by
creating and selling outstanding, limited-edition whiskies and experiences
around the world, with an ambition to create a high quality, highly profitable
and cash generative, premium global business.

Based in Edinburgh, ASC owns The Scotch Malt Whisky Society (SMWS), Single
Cask Nation (SCN) and J.G. Thomson (JGT). Owning over 18,000 casks primarily
comprising Single Malt Scotch Whisky, ASC's stock includes outstanding whisky
(and other spirits) from 150 different distilleries across 20 countries which
is sold to members both as individual bottles and whole casks.

With an established global presence in some 30 countries, SMWS operates a
direct-to-consumer model (90% of revenue) primarily through e-commerce, in
addition to four member rooms in the UK. SMWS provides members with inspiring
experiences, content and exclusive access to a vast and unique range of
outstanding, expertly curated Scotch malt and other whiskies.

In January 2024, ASC acquired SCN which sources, curates and bottles
single-cask whiskies and other spirits selling both online and via traditional
retail channels to its following of over 10,000 whisky enthusiasts in the USA.
SCN also retails to key international whisky markets around the world.

Launched in the UK in late 2021, JGT has a focus on outstanding small batch
blended malt whiskies and other spirits, available both through
direct-to-consumer online sales and through traditional retail channels. The
award-winning brand has subsequently expanded into international markets.

With proven e-commerce reach and a growing family of brands, ASC is building a
portfolio of limited-edition and small-batch whisky and other spirits brands
for a global movement of discerning consumers - delivering revenue of £23.6
million in FY24, predominantly from outside the UK, with an expanding presence
in the other key global whisky markets including USA, China, Europe, Japan,
Australia and Taiwan.

ASC has a substantial asset backing and is delivering profitable growth and
cash generation.

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