Despite a challenging operating environment marked by increased duties, global tariff adjustments and evolving consumer trends, Angostura Holdings Ltd reported after-tax profits of $153.32 million for the year ended December 31, 2025, a 6.27 per cent increase over its 2024 performance.
Angostura’s recorded revenue of $1.11 billion in 2025, a 5.13 increase over the prior year and maintained stable gross margins through prudent operational and commercial management.
Chairman, Gary Hunt in his statement, stated that growth in international markets continued during the period, as revenues from these markets increased by 11 per cent when compared to prior period.
Total export revenue represented 42 per cent of the total group revenue compared to 40 per cent in the prior year.
International branded revenue growth represented 79 per cent of the total revenue growth, arising from a one per cent growth in bitters and a 58 per cent growth in branded rums.
This shift, Hunt said, reflected the company’s continued strategic emphasis on international expansion and brand globalisation.
He said in the local market, revenue grew by two per cent over the prior year, supported by strong performances from its recently launched innovations.
“While traditional rum volumes faced competitive pressures, growth in our Ready-to-Drink (RTD) portfolio partially offset these declines. This demonstrates the success of our portfolio diversification strategy and our ability to respond to changing consumer preferences,” said Hunt.
He said while effective operational efficiencies contributed to the gross profit margin remaining stable at 46 per cent, consistent with the prior year, profit before tax (PBT) improved by $18 million or 10 per cent over the prior year. That was as a result of the combination of focused cost management and strong export growth, Hunt explained.
The board of directors recommended a final dividend of $0.29 per share for the financial year ending December 31, 2025, bringing the total declared dividend for 2025 to $0.39 per share as compared to $0.38 per share in the prior year.
Stating that the balance sheet remains robust, Hunt added that total assets increased by five per cent to $2.0 billion, supported by higher investments, inventory and receivables associated with export growth.
Hunt added the group continues to maintain a low debt ratio of 0.20 and liquidity remains sound, providing flexibility to fund working capital, dividends and future strategic initiatives.
Regarding foreign currency earnings, Hunt said this supports the company’s capacity to manage foreign exchange obligations prudently.
“While short-term borrowings of $60 million were accessed in December to support seasonal liquidity requirements, the group’s overall liquidity and debt ratios remain healthy,”Hunt added.
Looking ahead he said the company anticipates a highly volatile and uncertain local/global environment.
He added Angostura remains strategically focused on:
• Expanding export penetration and strengthening our global brand footprint;
• Continuing product innovations to meet consumer demands;
• Driving efficiency across manufacturing and supply chain operations;
• Enhancing portfolio mix toward higher-margin categories; and
• Delivering sustainable, long-term shareholder value.
“We remain confident in the group’s strategic direction, financial resilience and leadership capability. Our diversified portfolio, strong balance sheet and robust governance framework position us well to navigate external uncertainties while capitalising on growth opportunities,” Hunt said.
