Business
Interim Results for the Six Months to 30 June 2025
The Artisanal Spirits Company PLC announced its interim results for the six months ended June 30, 2025, reporting revenue of £9.7 million, a 4% decrease compared to H1 2024's £10.1 million, largely due to rephased US shipments. Excluding US shipments, underlying revenue increased by 6% year-over-year. The company maintained adjusted EBITDA compared to H1 2024, despite challenging trading conditions, with an EBITDA loss of £1.5 million. Net debt increased to £29.5 million from £27.0 million in H1 2024. Membership numbers rose by 3% to 41,400. The company expects to deliver full-year EBITDA in line with market expectations, with revenue of £26.0 million and EBITDA of £1.5 million. Disclaimer*
About this update from Artisanal Spirits Company Plc
[{"type":"text","content":"\n\n10 September 2025\n \n \nThe Artisanal Spirits Company plc\n('Artisanal Spirits', 'ASC' or 'the Group')\n \nInterim Results for the Six Months to 30 June 2025\n \nH1 adj. EBITDA maintained versus H1-24 and FY EBITDA delivery remains on track\n \n \nThe 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 and Artisan Casks is pleased to announce its Interim Results for the six months ended 30 June 2025.\n \n \nH1 Performance Summary\n\n\n\n\n•\n\n\nStrategic delivery achieved via ongoing revenue diversification and various new initiatives, as well as further cost efficiency, to navigate a challenging global whisky market\n\n\n\n\n•\n\n\nMembership retention remained strong at 70%, with total membership numbers up 3% on H1-24\n\n\n\n\n•\n\n\nAdjusted EBITDA1 maintained vs H1-24 despite the challenging trading conditions\n\n\n\n\n•\n\n\nRevenue marginally decreased (4%), largely reflecting the c£1m reduction in rephased US shipments vs H1-24, while we implemented our tariff mitigation plan and reflecting weaker US consumer confidence.\n\n\n\n\n•\n\n\nExcluding US shipments, underlying revenue performance was up 6% YoY as cask sales growth offset declines in Asia and mainland Europe\n\n\n\n\n•\n\n\nOur members continue to enjoy and engage in the SMWS in-person experience, with venues revenue up 6% vs H1-24\n\n\n\n\n•\n\n\nH1 net debt of £29.5m (H1 2024: £27.0m) driven by the impact of US phasing (greater weighting to H2)\n\n\n\n\n•\n\n\nExecution of exciting new initiatives in 2025, notably Artisan Casks luxury private cask programme and the successful launches of our Creators Collections\n\n\n\n\n•\n\n\nEstablished new franchise agreements in India and Vietnam, both markets in the top 10 Ultra-Premium Scotch Whisky markets2, by value, with India also the largest globally, by volume2 and Single Cask Nation (SCN) also shipped its first volumes into Brazil\n\n\n\n\n•\n\n\nSuccessful inaugural SMWS partnership with AMEX in the UK attracting almost 1,000 new members over Q2 and Q3\n\n\n\n\n•\n\n\nContinued recognition for the quality and consistency of our whisky, with 13 awards achieved in 2025 so far, across three key ...