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The Guardian - UK
The Guardian - UK
Business
Rob Davies

BrewDog reveals losses doubled to £59m in final year under co-founder

Stockpiles of BrewDog’s Punk IPA at its brewery in Ellon, Scotland.
BrewDog’s new CEO said the company had returned to profit on an underlying basis during the first half of 2024, helped by a 10% rise in sales in the grocery market. Photograph: Jeff J Mitchell/Getty Images

The new boss of BrewDog has promised its “punk” shareholders a return to profit, after delayed accounts revealed losses doubled in the final year under the stewardship of the beer company’s co-founder, James Watt.

BrewDog, which is based in Aberdeenshire, Scotland, apologised to investors for releasing its annual results late, in an announcement that coincided with Watt firing a broadside at the government over its plans for this month’s budget.

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