An­gos­tu­ra Hold­ings Ltd yes­ter­day re­port­ed prof­it af­ter tax of $87.97 mil­lion for the nine months end­ed Sep­tem­ber 30, 2026, which is a 15.36 per cent de­cline com­pared to the same pe­ri­od in 2025 when the com­pa­ny record­ed prof­its of $103.94 mil­lion.

The Laven­tille-based rum and bit­ters pro­duc­er record­ed rev­enue of $719.88 mil­lion for the pe­ri­od Jan­u­ary 1, 2026, to Sep­tem­ber 30, 2026, a de­cline of 4.96 per cent.

In ex­plain­ing the com­pa­ny’s low­er prof­its and rev­enue, An­gos­tu­ra chair­man Gary Hunt said it re­flect­ed “a chal­leng­ing op­er­at­ing en­vi­ron­ment char­ac­terised by soft­er de­mand, con­strained con­sumer spend­ing and el­e­vat­ed do­mes­tic ex­cise du­ties.”

Hunt said de­spite these head­winds, the group con­tin­ued to demon­strate re­silience across key mar­kets, with growth in the do­mes­tic busi­ness and en­cour­ag­ing per­for­mances in North Amer­i­ca and the Unit­ed King­dom.

“These re­sults un­der­score the strength of our es­tab­lished brands and the op­por­tu­ni­ties avail­able to en­hance per­for­mance through dis­ci­plined com­mer­cial ex­e­cu­tion, im­proved op­er­a­tional ef­fi­cien­cy and fo­cused in­vest­ment,” Hunt out­lined.

He said rev­enue from the do­mes­tic mar­ket in­creased by 3 per cent to $415.3 mil­lion, sup­port­ed by growth across the whole­sale and on-premise chan­nels, to­geth­er with con­tin­ued mo­men­tum in Sol­era.

He said An­gos­tu­ra’s do­mes­tic per­for­mance re­mained con­strained by el­e­vat­ed in­ven­to­ry lev­els across the trade, which mod­er­at­ed sales re­plen­ish­ment and lim­it­ed the con­ver­sion of de­mand in­to sus­tained vol­ume growth.

An­gos­tu­ra’s in­ter­na­tion­al rev­enue de­clined by 13 per cent to $284.6 mil­lion, pri­mar­i­ly re­flect­ing soft­er sales across the Caribbean and the ef­fects of dis­trib­u­tor in­ven­to­ry man­age­ment and or­der tim­ing in se­lect­ed mar­kets.

“Notwith­stand­ing these pres­sures, North Amer­i­ca de­liv­ered 5 per cent rev­enue growth, sup­port­ed by Bit­ters, while the Unit­ed King­dom record­ed a 31 per cent in­crease, re­flect­ing stronger rum sales and the pos­i­tive con­tri­bu­tion of the re­brand­ing of our pre­mi­um rum range,” said Hunt, not­ing that these per­for­mances demon­strate the po­ten­tial to deep­en mar­ket pen­e­tra­tion, strength­en brand po­si­tion­ing and im­prove the con­tri­bu­tion of pri­or­i­ty in­ter­na­tion­al mar­kets.

The An­gos­tu­ra chair­man de­scribed as a pos­i­tive de­vel­op­ment the Gov­ern­ment’s an­nounce­ment in the 2027 na­tion­al bud­get of a pro­posed 25 per cent re­duc­tion in ex­cise du­ty rates on al­co­holic bev­er­ages, ef­fec­tive Jan­u­ary 1, 2027.