The Artisanal Spirits Company has reported a loss before tax of £2.1m, although this was down slightly from the £2.7m loss reported in 2021.
The owner of the Scotch Malt Whisky Society's preliminary results for the year ended 31 December 2022 also revealed a 23% rise in gross profit from £11.2m to £13.8m year-on-year, on the back of gross margins rising from 61.5% to 63.6%.
Revenue increased 19% from £18.2m to £21.8m, ahead of expectations, with growth in China and UK venues, alongside rising membership in Europe, Australia, the US and Japan.
