Independent brewer Good Drinks Australia (GDA) has reported strong sales in its December half, doubling its retail market share to 2.6 per cent.
The company owns and operates brands including Gage Roads Brew Co, Atomic Beer Project, Matso’s Broome Brewery and Hello Sunshine. It also distributes beers from other brands.
According to unaudited accounts, the business achieved an 80 per cent increase in sales to $59.2 million with its core brands contributing $43.9 million while hospitality and partner brands accounted for $15.2 million.
EBITDA remained consistent with the prior year growing a mere 1 per cent to $6.1 million.
The company says it is on track to grow its diversified revenue and earnings streams and deliver profits between $25 million and $30 million by FY25.
The company has also internally promoted Phil McClintock as its new COO.
