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Lark Distilling Co. Ltd (ASX:LRK)

ALERT: Price-sensitive ASX Announcement for LRK
Current share price for LRK : $0.830 -0.03 (-3.49%)+
Announcement
Release
18 Aug 2026 8:03AM
Price at Release
$0.860
Full Release
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Summary
In FY26, Lark Distilling Co. Ltd, Australia's leading luxury single malt whisky producer, reported a 15.1% increase in net sales to $18 million, driven by significant growth in international and global travel retail channels. Under new leadership, the company completed a comprehensive brand restage, earning awards for best design. Lark expanded into 10 Asian markets, including its first shipment to China. Despite an operating EBITDA loss of $4.5 million and non-cash adjustments totaling $36.2 million related to historical acquisitions, the company maintained a strong balance sheet with $14.3 million in cash and no debt. The commissioning of the new Pontville distillery enhanced production quality and efficiency, culminating in the successful launch of Lark's newly designed Signature whisky range.
Key Points
  • FY26 net sales increased 15.1% to $18.0 million.
  • International and Global Travel Retail (GTR) channels experienced significant growth.
  • Introduction of a new leadership team with Stuart Gregor as CEO.
  • Completion of a comprehensive brand restage leading to awards for best design.
  • Expansion into 10 Asian markets and first shipment to China.
  • Operating EBITDA loss was $4.5 million.
  • Non-cash adjustments of $36.2 million for goodwill impairment and whisky inventory write-down.
  • Strong balance sheet with $14.3 million in cash and no debt.
  • Commissioning of the new Pontville distillery increased production quality and efficiency.
  • Launch of the newly designed Signature whisky range.
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.