Good Drinks Australia reported unaudited financial results for the first half of FY24, revealing an EBITDA of $5.3 million across core and hospitality segments.

The company experienced a 2% revenue increase year over year, gaining market share in a competitive industry.

Strong performance in own and partner brands outpaced the retail beer market, with increased net sales revenue per litre and reduced cost of goods sold per litre compared to FY23.

Good Drinks plans to focus on sales and marketing investment for continued growth while preparing for ongoing macroeconomic challenges in the second half of FY24.