• Achieved 12% growth in net sales to $15.6 million and $10.0 million in gross profit
• Completed Lark brand restage, unlocking substantial growth potential
• Accelerated international expansion and solidified domestic leadership

Lark Distilling Co. Ltd (ASX: LRK) held its 2025 Annual General Meeting, highlighting a pivotal year of transformation, focus, and foundation-building. In a challenging market, the company applied disciplined execution and strategic investment to strengthen operations and position the business for sustainable growth. FY25 marked a return to revenue growth, with 12% growth in net sales to $15.6 million and $10.0 million in gross profit, a 6% improvement on FY24. Key achievements included a strategic partnership with Seppeltsfield Wines, providing certainty over barrel supply for future maturation and opening new opportunities for premium whisky innovation. The successful equity raising also provided the flexibility to invest confidently in the company's brands, infrastructure, and international expansion. Lark's whiskies continued to be recognized, winning top accolades in prestigious global awards. The completion of the Lark brand restage was a significant milestone, which the company believes will be transformational, unlocking substantial growth potential in both existing and new markets. The company has also seen progress with international sales momentum, accelerating distribution in Asia and delivering robust performance in Global Travel Retail. Domestically, Lark has solidified its leadership through a seamless transition to Spirits Platform and innovative growth in Direct-to-Consumer channels. The development of the Pontville site as Lark's long-term brand home is largely complete, integrating production, expanding distilling capacity, and removing bottlenecks to scaling growth. Operationally, the company has never been stronger, and it continues to exercise disciplined capital management to build long-term shareholder value.

With the foundations firmly in place, Lark Distilling Co. Ltd looks ahead to FY26 and beyond with momentum, confidence, and belief in the company's potential.