Lark Distilling (ASX:LRK) has released its financial results for the first half of fiscal year 2026, reporting net sales revenue of $8.7 million.
This represents a 10% increase compared to the prior corresponding period, driven largely by an 18% rise in whisky net sales.
The company attributed this growth to strong performances in Direct to Consumer channels, Global Travel Retail, and an expansion into ten Asian markets, which saw export net sales rise to $1.3 million.
However, these gains were partially offset by a 24% decline in domestic B2B sales, a result the company linked to shifting sales models and shipment timing.
The Tasmanian distiller reported a gross profit of $5.1 million, reflecting a gross margin of 58%.
The margin was impacted by a $0.4 million non-cash accounting adjustment related to the 2022 acquisition of the Pontville Distillery; excluding this impact, the underlying gross margin stood at 63%.
Lark maintains a robust balance sheet with $18.3 million in cash as of Dec. 31, 2025, providing the necessary liquidity to fund its global portfolio launch and the completion of major capital projects.
At the time of reporting, Lark Distilling's share price was $0.71.