Australia's Lark Distilling FY26 revenues hit $18M
- Lark Distilling reported a 15.1% rise in full-year net sales to $18 million for FY26.
- The company recorded an operating EBITDA loss of $4.5 million alongside non-cash adjustments of $36.2 million.
- International and travel retail expansions drove revenue growth across core channels.
Lark Distilling (ASX:LRK) increased its full-year net sales by 15.1% to $18 million for the year ended June 30.
The result compares to net sales of $15.6 million recorded in FY25, supported by export growth of $1.8 million.
Domestic net sales grew 7.2% to $13.9 million, with the e-commerce channel up 21.5% to $3.4 million, while operating EBITDA loss was $4.5 million, reflecting continued investment in growth initiatives.
“This past year, we commissioned our Pontville distillery, launched our new Signature Whisky Range and stepped confidently into new global travel retail outlets, delivering sales growth and a strong finish to the year,” said Lark Distilling CEO Stuart Gregor.
Non-cash adjustments totalled $36.2 million, including $20.7 million goodwill impairment and a $15.5 million whisky inventory write-down linked to the 2021 Pontville distillery acquisition.
The group retained $14.3 million in cash with no debt as of June 30.
Following the announcement, the Lark Distilling share price was up at $0.88.
The business maintains a maturing whisky bank of 2.4 million litres at 43% ABV to support future growth plans.
