Lark Distilling FY26 Sales Rise 15% as Export Surges 69%

Lark Distilling (ASX: LRK) increased net sales 15.1% to $18.0 million in its financial year ending June 30. Growth appeared across every sales channel after the launch of its restaged Signature Whisky Range.

Export net sales jumped 69%. The Tasmanian whisky maker expanded into 10 Asian markets and completed its first shipment to China. The Signature Whisky Range was rolled into overseas distribution. Global Travel Retail net sales rose 43% to $2.2 million, helped by a new channel-exclusive portfolio at Australian airport partners and an initial shipment to Singapore's Changi Airport.

Combined international channel sales reached $4.1 million, up 53.7% from a year earlier. Lark is targeting China and other Southeast Asian markets for further distributor expansion in FY27.

Domestic net sales rose 7.2% to $13.9 million. Direct-to-consumer sales reached $7.5 million and business-to-business sales $4.9 million. eCommerce revenue increased 21.5% to $3.4 million. Hospitality net sales edged 1.9% higher to $4.1 million despite a temporary Cellar Door closure. The relaunched GOTHAM at The Still recorded 15% revenue growth and 26% higher visitation.

The company remained in investment mode. Operating EBITDA loss widened to $4.5 million from $4.2 million a year earlier. Lark increased spending on sales and marketing, as well as international expansion. Normalised gross profit rose $0.8 million to $10.9 million. The normalised gross margin fell 4.3 percentage points to 60.5%. The product mix shifted toward lower-margin export and GTR channels.