Lark Distilling Co. Ltd reported a 12% increase in FY25 revenue to $15.6 million, bolstered by a strategic partnership with Seppeltsfield Wines and a successful brand restage. The company also announced a leadership change with a new CEO set to take the helm in January 2026.
- 12% revenue growth to $15.6 million and 6% gross profit increase
- Strategic barrel supply partnership with Seppeltsfield Wines
- Completion of brand restage unlocking growth potential
- International sales momentum and domestic leadership strengthened
- CEO transition announced with Stuart Gregor to start January 2026
A Year of Strategic Growth and Transformation
Lark Distilling Co. Ltd (ASX, LRK) has marked FY25 as a pivotal year, delivering a 12% rise in net sales to $15.6 million alongside a 6% improvement in gross profit, reaching $10 million. This financial uplift comes amid a challenging market environment, underscoring the company’s disciplined execution and strategic investments aimed at sustainable growth.
Securing the Future with Key Partnerships
One of the standout achievements was the strategic partnership with Seppeltsfield Wines, which secures a reliable barrel supply critical for whisky maturation. This alliance not only ensures production continuity but also opens avenues for premium whisky innovation, reinforcing Lark’s position in the luxury spirits segment.
Brand Restage and Market Expansion
The company completed a significant brand restage during the year, a move described as transformational by Chair Domenic Panaccio. Early indicators suggest this refresh will unlock substantial growth opportunities both domestically and internationally. Lark has accelerated distribution in Asia and strengthened its presence in Global Travel Retail, while maintaining leadership in the Australian market through innovative direct-to-consumer channels.
Operational Enhancements at Pontville
Lark’s Pontville distillery site has been developed into a consolidated production hub, integrating distilling and blending facilities. This upgrade removes previous bottlenecks, expands capacity, and signals the company’s commitment to quality and efficiency as it scales operations.
Leadership Transition and Outlook
In a notable governance update, Lark announced the appointment of Stuart Gregor as incoming CEO, effective January 2026. Gregor brings extensive industry experience, including co-founding Four Pillars Gin and successfully scaling it internationally. His leadership is anticipated to guide Lark through its next growth phase. Meanwhile, current CEO Sash Sharma was commended for steering the company through transformation and growth.
Shareholder resolutions, including the adoption of the remuneration report and re-election of directors, passed with strong support, reflecting confidence in the company’s strategic direction and governance.
Bottom Line?
With solid foundations laid in FY25, Lark Distilling is poised for accelerated growth, but investors will watch closely how the new CEO navigates the next chapter.
Questions in the middle?
- How will Stuart Gregor’s leadership influence Lark’s international expansion strategy?
- What measurable impact will the brand restage have on sales in new markets?
- How will the partnership with Seppeltsfield Wines shape product innovation and supply stability?