December 2024 Quarterly Update and Appendix 4C
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| Stock | Lark Distilling Co. Ltd (LRK.ASX) |
|---|---|
| Release Time | 30 Jan 2025, 8:24 a.m. |
| Price Sensitive | Yes |
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December 2024 Quarterly Update and Appendix 4C
Key Points
- International sales momentum and domestic leadership position
- Building long-term brand value through portfolio and brand restage
- Disciplined cash and capital management
Full Summary
Lark Distilling Co. Ltd (ASX: LRK) reported a 7% increase in net sales revenue for Q2FY25 and HY25, driven by growth in D2C, GTR and export channels, partially offset by lower domestic B2B sales. D2C net sales were up $0.3 million in Q2 and $0.6 million in HY25, while GTR net sales grew 12% in Q2 and 18% in HY25. Direct export sales were $0.2 million in Q2 and $0.5 million in HY25. The company's brand and portfolio restage is on track for completion by FY25, supporting its global expansion ambitions. Lark's whisky bank stood at 2.5 million litres at 31 December 2024, with a cash balance and term deposits of $23.6 million and an undrawn $5 million bank facility. The company continues to progress the sale of its Bothwell Distillery.
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