An­gos­tu­ra Hold­ings Ltd has re­port­ed low­er rev­enue and prof­its for the first six months of 2026 as high­er lo­cal ex­cise du­ties and chal­leng­ing con­di­tions in in­ter­na­tion­al mar­kets weighed on per­for­mance, de­spite strong growth in its do­mes­tic busi­ness and con­tin­ued ex­pan­sion of its pre­mi­um brands.

The com­pa­ny record­ed con­sol­i­dat­ed rev­enue of $468 mil­lion for the six months end­ed June 30, 2026, rep­re­sent­ing a 4 per cent de­cline from the $487.6 mil­lion re­port­ed in the cor­re­spond­ing pe­ri­od of 2025. Prof­it af­ter tax fell by 8 per cent to $62 mil­lion, com­pared with $67.5 mil­lion a year ear­li­er.

In its half-year fi­nan­cial re­sults, An­gos­tu­ra said the de­cline came amid soft­er con­sumer de­mand in parts of the glob­al bev­er­age in­dus­try, geopo­lit­i­cal un­cer­tain­ty and on­go­ing trade dis­rup­tions which af­fect­ed sales across sev­er­al in­ter­na­tion­al mar­kets.

De­spite these chal­lenges, the com­pa­ny high­light­ed the re­silience of its lo­cal op­er­a­tions, where rev­enue grew by sev­en per cent year-on-year.

The in­crease was dri­ven by con­tin­ued de­mand for its core rum port­fo­lio and ready-to-drink prod­ucts, as well as strong per­for­mances across key do­mes­tic dis­tri­b­u­tion chan­nels. The com­pa­ny said this growth was achieved de­spite what it de­scribed as an un­prece­dent­ed in­crease in ex­cise du­ties lo­cal­ly.

An­gos­tu­ra not­ed that it de­lib­er­ate­ly ab­sorbed a sig­nif­i­cant por­tion of the high­er tax­es in­stead of pass­ing on the full in­crease to con­sumers through high­er prices.

Ac­cord­ing to the com­pa­ny, the move re­duced prof­it mar­gins in the short term but was aimed at pro­tect­ing con­sumers, main­tain­ing mar­ket share and strength­en­ing its brands over the long term.

In­ter­na­tion­al­ly, con­di­tions re­mained mixed. While over­all sales faced pres­sure, in­ter­na­tion­al vol­umes in­creased by 2.6 per cent dur­ing the pe­ri­od. An­gos­tu­ra al­so re­port­ed strong growth in sev­er­al prod­uct seg­ments, with pre­mi­um rum rev­enue ris­ing by 49 per cent, cased chill prod­ucts in­creas­ing by 51 per cent and stan­dard rum rev­enue climb­ing by 18 per cent.

The com­pa­ny point­ed to growth in the Unit­ed King­dom, Aus­tralia and New Zealand, Africa and Eu­rope as signs of the long-term po­ten­tial of its pre­mi­u­mi­sa­tion strat­e­gy and in­ter­na­tion­al ex­pan­sion ef­forts.

Chair­man Gary Hunt said the com­pa­ny re­mains en­cour­aged by im­prove­ments achieved dur­ing the first half of the year and is con­fi­dent in its long-term prospects. He not­ed that An­gos­tu­ra would con­tin­ue fo­cus­ing on strength­en­ing its pre­mi­um brands, ex­pand­ing in­ter­na­tion­al dis­tri­b­u­tion, im­prov­ing op­er­a­tional ef­fi­cien­cy and main­tain­ing dis­ci­plined cap­i­tal al­lo­ca­tion as it po­si­tions it­self for im­proved per­for­mance when in­ter­na­tion­al mar­kets re­cov­er.