Iconic Tasmanian distiller Lark Distilling Co has delivered a business update for the final quarter of the 2025 financial year, which it has labelled “a transformative year” for the business.
The June quarter saw net sales growth of six per cent, which Lark said was its fourth consecutive quarter of sales growth, versus the prior corresponding period. This is reflected in Lark’s net sales revenue for the year, which was up 12 per cent, versus the previous year, to $15.6m.
The year also saw Lark complete its brand restage and perform a successful capital raise – with $23.1m in closing cash – and both these key highlights set Lark up to drive its strategic priorities and the next phase of growth.
Lark CEO Sash Sharma said: “I am pleased to confirm that Lark has delivered the fourth consecutive quarter of improved business performance – net sales were up six per cent or $0.2m to $3.5m compared to the prior corresponding period.”
He added: “I am pleased to confirm that Lark has delivered the fourth consecutive Quarter of improved business performance – net sales were up six per cent or $0.2m to $3.5m compared to the prior corresponding period.”
The 2025 financial year, was also the first full year of Lark’s domestic distribution partnership with Spirits Platform, which has seen some success this year.
“While full year B2B net sales were down $0.6m versus prior year, this was driven by the inclusion of Spirits Platform’s distribution margin within Net Sales, with the impact more than offset from associated cost savings from the removal of our domestic sales team,” Sharma said.
“Our partnership with Spirits Platform is delivering the objective of expanded commercial reach of our products on shelf, with KURIO an example of that new reach, now on shelf in more than 650 independents outlets in addition to national ranging in Dan Murphys and select ranging in BWS.”
The year has also seen Lark work to establish its base at Pontville, as Sharma explained.
“Pleasingly, the development at our Pontville Distillery is now largely complete, with the modest re-development allowing for upgrades across key processes, bringing distilling, coopering, maturing whisky storage, blending, finishing, bottling, tourism, and back-office operations all onto a single site,” he said.
“Importantly the site delivers the distilling and blending capacity requirements for our next stage of growth.”
Looking ahead Sharma said: “Critically, the LARK brand restage was delivered in FY25 as planned, with the new exciting range ready for shipment in the first quarter of FY26 for Export markets, with the Domestic launch planned for the second half of FY26.
“A focus during Q4 has been on engaging our Domestic, Export and GTR trade partners ahead of the upcoming LARK brand portfolio launch. These engagements have been positively received with excitement as to the future direction of the brand and the potential for the future.
“We look forward to providing more details of the brand restage and go to market plans, as well as a broader update on performance at our FY25 Results Investor Briefing in August.”