Lark Distilling Co Ltd
ASX:LRK
Lark Distilling Co Ltd
Lark Distilling Co. Ltd. engages in the further development of investment opportunities in the Australian craft distilling industry. The company is headquartered in Hobart, Tasmania. The company went IPO on 2003-11-12. The firm primarily operates in Tasmania and Australia markets. The firm markets through traditional off premise retailers and on-premises bars, and consumer business, including hospitality and online e-commerce. The company is primary focused on Whisky and the Lark brand and it also has Forty Spotted Gin. The firm operates through three segments: whisky, gin, and other.
Lark Distilling Co. Ltd. engages in the further development of investment opportunities in the Australian craft distilling industry. The company is headquartered in Hobart, Tasmania. The company went IPO on 2003-11-12. The firm primarily operates in Tasmania and Australia markets. The firm markets through traditional off premise retailers and on-premises bars, and consumer business, including hospitality and online e-commerce. The company is primary focused on Whisky and the Lark brand and it also has Forty Spotted Gin. The firm operates through three segments: whisky, gin, and other.
Sales Rebound: Sales were down 7% year-on-year at $9.6 million for the half, but Q2 sales of $5.4 million grew 27% versus Q1, showing positive momentum.
Margin Strength: Gross margin improved to 68.6% for the quarter, up 6 percentage points from last year, driven by higher-margin hospitality sales.
Cash Position: Lark ended the half with $9.1 million in cash and a further $15 million undrawn bank facility, supporting growth plans.
Brand Investment: Increased brand building and marketing expenses, up 4 percentage points as a share of sales, are aimed at supporting core range growth and new product launches.
Leadership Update: Satya Sharma, an experienced leader in luxury spirits, joins as CEO in May; a new permanent CFO search is underway.
Hospitality & Export: Own venues saw over 100% revenue growth for the half, and export sales to Southeast Asia and China grew substantially from a small base.
Strategic Focus: The company is prioritizing expansion of its core range and selective limited releases, with a deliberate slowdown in new product launches to build sustainable distribution.
