March 2025 Quarterly Update and Appendix 4C
| Stock | Lark Distilling Co. Ltd (LRK.ASX) |
|---|---|
| Release Time | 30 Apr 2025, 8:32 a.m. |
| Price Sensitive | Yes |
Lark Distilling Co. Ltd reports Q3 FY25 results
- Net Sales revenue growth of +31% to $4.3 million
- Strong performance in Global Travel Retail, D2C and other channels
- Pontville site redevelopment accelerated to boost capacity and efficiency
Lark Distilling Co. Ltd (ASX: LRK) has reported a strong performance for the quarter ended 31 March 2025 (Q3 FY25), with net sales revenue growing 31% year-on-year to $4.3 million. The company's global travel retail (GTR) business continued its impressive performance in Australian airports, with net sales up 41% versus the prior corresponding period. Lark's direct-to-consumer (D2C) ecommerce channel and hospitality venues also performed well, with net sales up versus the prior corresponding period. Other channels, including sales through The Whisky Club, were a key driver of the quarterly performance, with net sales up $1.1 million. The company's direct export sales to Asian in-market distributors were $0.9 million for the year-to-date period. Lark's new partnership with Spirits Platform is progressing, with the company gaining momentum in the independent retail channel. The quarter also saw the initial sell-in of Lark's new Tasmanian Blended Malt Whisky, KURIO. The redevelopment of Lark's Pontville Distillery site is progressing to plan, with the majority of planned investment now substantially complete. The project will deliver increased capacity and efficiency, while preserving the company's award-winning house style. Lark's brand and portfolio restage remains on track for completion by the end of the financial year, supporting the company's global expansion ambitions.
For FY25 year-to-date, Lark's net sales revenue was $12.2 million, up 14% or $1.5 million versus the prior corresponding period.
Lark is focused on driving continued growth in its global travel retail, direct-to-consumer and other key channels, while also progressing the redevelopment of its Pontville Distillery site and the completion of its brand and portfolio restage. The company remains well-positioned to capitalize on the growing demand for premium, high-quality Tasmanian whisky both domestically and internationally.