Angostura Holdings Ltd has said increased performance in its international segment has pushed up its revenue and profits.
The rum and bitters company reported profit after tax of $67.5 million for the six months ended June 30, 2025, which represents a 2 per cent increase compared to $66.1m profit recorded for the same period last year.
Newly installed chairman Gary Hunt said the company saw revenue of $488 million for the period, an increase of $29 million or 6 per cent when compared to $459 million for the same period in the prior year.
Angostura said the group’s growth in revenue was due to a 16 per cent growth in the international branded rum segment of the business, a 4 per cent increase in Angostura® Bitters sales in the US market coupled with stable revenue from several key brands in the local rums and agency categories.
Hunt in his chairman’s report stated, “Evolving consumer demands resulted in continuous improvement and innovation with respect to our products and during the month of April 2025, the company launched the new Angostura 420 premium ready-to-drink brands, which includes Haze Passion and OG flavours. These offerings are expected to strengthen the company’s returns for H2 2025.”
However it was noted that results from operating activities recorded a minimal 3 per cent reduction when compared to the same period in the prior year as the company invested in its brands; which included hosting the Bi-Annual Global Cocktail Challenge finals on May 23, 2025 in Trinidad being one such activity. The Group also increased marketing investments in our foreign markets.
Hunt was also noted there was an increase in finance income of 54 per cent year over year, which was generated by US-dollar investments.