The Artisanal Spirits Company PLC (ASC) reported a 25% increase in interim revenues and said second-half trading so far is “positive.”
The curator and provider of scotch malt whisky and the owner behind The Scotch Malt Whisky Society said revenues grew to £9.9mln in the six months to 30 June, with gross profits up 21% to £6.2mln.
According to a statement, the group experienced “significant growth in UK venues, Europe and China”.
ASC said trading continued to remain positive in the second half and it “has more than sufficient stock to achieve its plans through to FY28 and beyond.”
However, the group’s net debt position soared to £8.2mln, up from £5.2mln in December 2021, due to continued investment in its plans, such as investment in Masterton Bond, the new supply chain facility.
“We continue to benefit from structural tailwinds as premiumisation, digitalisation, experience and convenience combine to accelerate the appeal of our proposition to our expanding global membership base,” said managing director David Ridley.