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Lark Distilling Co. Ltd (ASX:LRK)

ALERT: Price-sensitive ASX Announcement for LRK
Current share price for LRK : $0.820 -0.04 (-4.65%)+
Announcement
Release
21 Apr 2026 9:43AM
Price at Release
$0.860
Full Release
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Summary
Lark Distilling Co. Ltd, Australia's leading luxury single malt whisky producer, reported its March 2026 quarterly update and Appendix 4C. The company highlighted several key achievements during Q3FY26, including net sales of $4.3 million, a successful launch of its new Signature Whisky Range, and significant growth in domestic business-to-business and Global Travel Retail sales channels. Lark maintained a strong balance sheet with $15.8 million in cash as of 31 March 2026. The company emphasized the strategic importance of its 'Whisky Bank' with approximately 2.4 million liters, supporting growth plans. The official launch of the new Signature Whisky Range was a highlight, earning accolades for design at the World Whiskies Awards. Despite a net cash outflow of $2.1 million from operating activities, Lark remains poised for further growth into FY27.
Key Points
  • Net sales of $4.3 million, up 0.2% from the prior corresponding period.
  • Launch of new Signature Whisky Range with international recognition.
  • Domestic Direct-to-Consumer sales decreased due to timing of releases.
  • Global Travel Retail sales increased by 42%.
  • Strong domestic Business-to-Business growth.
  • Cash holdings of $15.8 million as of 31 March 2026.
  • Whisky Bank holds approximately 2.4 million liters.
  • Net cash outflow from operating activities was $2.1 million.
  • New range launch recognized at World Whiskies Awards.
  • Strategic growth initiatives supported by strong financial position.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.