Business
Final Results
Distil PLC announced its final results for the year ended March 31, 2025, revealing a challenging period. Turnover decreased by 32% to £1.04 million from £1.52 million the previous year, and gross profit fell by 46% to £394k from £736k. The company experienced an operating loss of £1,232k, compared to a loss of £1,092k in 2024. Net assets stood at £5.68 million, down from £6.37 million. Net cash outflow was £188k, resulting in year-end cash reserves of £338k. The company successfully raised £650k (gross) via an equity fund raise during the year and a further £755k (gross) post year-end, with £377k conditional on shareholder approval. Margins decreased to 38%, with a one-off stock adjustment accounting for 8% of the reduction. Advertising and promotion spend decreased by 14% to £444k. Disclaimer*
About this update from Distil Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED UNDER UK MAR). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \nDistil plc\n \n(\"Distil\" or the \"Group\")\n \nFinal Results for year ended 31 March 2025\n \n \nDistil plc (AIM: DIS), owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, TRØVE Botanical Spirit and Diva Vodka, announces its final results for the year ended 31 March 2025.\n \nOperational highlights\n \n· Strategic partnership with Global Brands Ltd extended to include UK on-trade, giving Global Brands full distribution rights in the UK\n· Successful transition from previous UK distributor has led to gaining distribution with new listings secured in the UK on-trade (post year-end)\n· Blackwoods Brand Home first-fit completed in preparation for the open day held 20 June 2025 (post year-end)\n· Board strengthened with appointment of Addy Adebola (Finance and Operations Director) and Sarah Kingsbury (Marketing Director); Roland Grain (NED) retired from the Board to focus on his other business interests\n· Distribution partnership agreed with AIKO Importers, Inc to bring Blavod Black Vodka back to US market (post year-end)\n· Variation to terms of Ardgowan convertible loan investment agreed to facilitate opening of Ardgowan whisky distillery and laying down of first whisky stocks (post year-end)\n· Review of strategic options, to determine how best to support the Company in delivering long-term shareh...