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Friday, October 10, 2025

Angostura’s net income up 2%

by

56 days ago
20250814
Angostura chairman Gary Hunt

Angostura chairman Gary Hunt

An­gos­tu­ra Hold­ings Ltd has said in­creased per­for­mance in its in­ter­na­tion­al seg­ment has pushed up its rev­enue and prof­its.

The rum and bit­ters com­pa­ny re­port­ed prof­it af­ter tax of $67.5 mil­lion for the six months end­ed June 30, 2025, which rep­re­sents a 2 per cent in­crease com­pared to $66.1m prof­it record­ed for the same pe­ri­od last year.

New­ly in­stalled chair­man Gary Hunt said the com­pa­ny saw rev­enue of $488 mil­lion for the pe­ri­od, an in­crease of $29 mil­lion or 6 per cent when com­pared to $459 mil­lion for the same pe­ri­od in the pri­or year.

An­gos­tu­ra said the group’s growth in rev­enue was due to a 16 per cent growth in the in­ter­na­tion­al brand­ed rum seg­ment of the busi­ness, a 4 per cent in­crease in An­gos­tu­ra® Bit­ters sales in the US mar­ket cou­pled with sta­ble rev­enue from sev­er­al key brands in the lo­cal rums and agency cat­e­gories.

Hunt in his chair­man’s re­port stat­ed, “Evolv­ing con­sumer de­mands re­sult­ed in con­tin­u­ous im­prove­ment and in­no­va­tion with re­spect to our prod­ucts and dur­ing the month of April 2025, the com­pa­ny launched the new An­gos­tu­ra 420 pre­mi­um ready-to-drink brands, which in­cludes Haze Pas­sion and OG flavours. These of­fer­ings are ex­pect­ed to strength­en the com­pa­ny’s re­turns for H2 2025.”

How­ev­er it was not­ed that re­sults from op­er­at­ing ac­tiv­i­ties record­ed a min­i­mal 3 per cent re­duc­tion when com­pared to the same pe­ri­od in the pri­or year as the com­pa­ny in­vest­ed in its brands; which in­clud­ed host­ing the Bi-An­nu­al Glob­al Cock­tail Chal­lenge fi­nals on May 23, 2025 in Trinidad be­ing one such ac­tiv­i­ty. The Group al­so in­creased mar­ket­ing in­vest­ments in our for­eign mar­kets.

Hunt was al­so not­ed there was an in­crease in fi­nance in­come of 54 per cent year over year, which was gen­er­at­ed by US-dol­lar in­vest­ments.


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