The Artisanal Spirits Company

ART · AIM · Food, Beverage and Tobacco · mcap £17m · 23.5p

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Financials · LTM to 30 Jun 26

Source: results 16 Sep 26 ↗

Revenue: £19.4m
Operating profit: –
Net income: −£7.3m
Free cash flow: −£4.5m
Net debt: £34.3m
Market cap: £16.6m
EV / EBIT: –
FCF yield: −26.8%
Price / book: 4.3×

Latest half-year · H1 26 vs H1 25 results 16 Sep 26 ↗

Revenue: £9.2m
Net income: −£3.7m
Cash from operations: −£2.1m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 16 Sep 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25	FY 24
Revenue	19.4	19.9	23.6
Gross profit	10.4	11.3	15.0
Adjusted EBITDA	–	(1.9)	–
EBITDA	–	(2.4)	1.1
Amortisation	0.2	0.2	–
Share-based payments	(0.0)	0.0	0.1
Finance costs	(2.5)	(2.4)	(2.5)
Profit before tax	(7.0)	(7.0)	(3.1)
Tax	(0.2)	(0.2)	(0.1)
Net income (owners)	(7.3)	(7.3)	(3.3)
EPS basic	(10.4p)	(10.3p)	(4.6p)
EPS diluted	(10.4p)	(10.3p)	(4.6p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue	9.2	−5%	10.2	9.7
Gross profit	4.9	−15%	5.6	5.7
Amortisation	0.1	−10%	0.1	0.1
Share-based payments	0.0	n/m	(0.1)	0.1
Finance costs	(1.2)	+4%	(1.3)	(1.1)
Profit before tax	(3.6)	n/m	(3.5)	(3.6)
Tax	(0.1)	n/m	(0.1)	(0.1)
Net income (owners)	(3.7)	n/m	(3.6)	(3.6)
EPS basic	(5.2p)	–	(5.2p)	(5.1p)
EPS diluted	(5.2p)	–	(5.2p)	(5.1p)

	LTM Jun 26	FY 25	FY 24
Cash from operations	(3.3)	(4.5)	(0.8)
Interest paid	(3.2)	(2.2)	(1.7)
Tax paid	(0.1)	(0.2)	(0.1)
Capex (PP&E)	(0.4)	(0.7)	(0.9)
Capex (intangibles)	(0.1)	(0.1)	0.0
Lease principal paid	(0.7)	(0.7)	(0.5)
Shares issued	0.0	0.1	0.0

	H1 26	vs H1 25	H2 25	H1 25
Cash from operations	(2.1)	n/m	(1.2)	(3.3)
Interest paid	(1.8)	+136%	(1.4)	(0.8)
Tax paid	(0.1)	−41%	0.0	(0.2)
Capex (PP&E)	(0.0)	−91%	(0.4)	(0.3)
Capex (intangibles)	(0.1)	n/m	(0.1)	(0.0)
Lease principal paid	(0.3)	−7%	(0.4)	(0.4)
Shares issued	0.0	n/m	0.0	0.1

	Latest Jun 26	FY 25	FY 24
Other intangibles	2.1	2.2	2.4
Property, plant & equipment	8.8	9.6	10.7
Investment property	–	0.0	0.3
Inventories	31.6	32.2	31.8
Trade receivables	2.3	3.1	4.3
Cash	1.3	1.5	2.9
Current assets	–	36.8	38.9
Total assets	46.2	48.5	52.3
Trade payables	2.7	2.8	3.5
Borrowings, current	2.0	7.0	3.0
Lease liabilities, current	0.6	0.6	0.5
Current liabilities	–	11.1	7.7
Borrowings, non-current	33.6	26.8	25.9
Lease liabilities, non-current	2.0	2.3	2.9
Total liabilities	42.4	40.9	37.2
Non-controlling interests	0.1	0.1	0.3
Total equity	3.9	7.7	15.1
Net cash / (debt) ex leases	(34.0)	(31.5)	(25.5)

	H1 26	H2 25	H1 25	H2 24
Other intangibles	2.1	2.2	–	2.4
Property, plant & equipment	8.8	9.6	–	10.7
Investment property	–	0.0	–	0.3
Inventories	31.6	32.2	–	31.8
Trade receivables	2.3	3.1	–	4.3
Cash	1.3	1.5	–	2.9
Current assets	–	36.8	–	38.9
Total assets	46.2	48.5	–	52.3
Trade payables	2.7	2.8	–	3.5
Borrowings, current	2.0	7.0	–	3.0
Lease liabilities, current	0.6	0.6	–	0.5
Current liabilities	–	11.1	–	7.7
Borrowings, non-current	33.6	26.8	–	25.9
Lease liabilities, non-current	2.0	2.3	–	2.9
Total liabilities	42.4	40.9	–	37.2
Non-controlling interests	0.1	0.1	–	0.3
Total equity	3.9	7.7	–	15.1
Net cash / (debt) ex leases	(34.0)	(31.5)	(29.5)	(25.5)

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.