Despite a challenging environment marked by increased duties, global tariff adjustments and evolving consumer trends, Angostura Holdings delivered revenue growth of $55 million over the prior year — driven by strong export performance and unwavering operational discipline.
Growth in International markets continued during the period, as revenues from these markets increased by 11% when compared to the prior period. Total export revenue represented 42% of the total Group revenue as compared to 40% in the prior year. International branded revenue growth represented 79% of the total revenue growth arising from a 1% growth in bitters and a 58% growth in branded rums. This shift reflects our continued strategic emphasis on international expansion and brand globalisation.
In the local market, revenue grew by 2% over the prior year, supported by strong performances from our recently launched innovations. While traditional rum volumes faced competitive pressures, growth in our Ready-to-Drink (RTD) portfolio partially offset these declines. This demonstrates the success of our portfolio diversification strategy and our ability to respond to changing consumer preferences.
“We remain confident in the Group’s strategic direction, financial resilience and leadership capability. Our diversified portfolio, strong balance sheet and robust governance framework position us well to navigate external uncertainties while capitalising on growth opportunities.”
Mr. Gary Hunt, Chairman
While effective operational efficiencies contributed to the gross profit margin remaining stable at 46%, consistent with the prior year, Profit Before Tax (PBT) improved by $18 million or 10% over the prior year, as a result of the combination of focused cost management and strong export growth. Earnings per share increased by 6% year-over-year.
Balance Sheet Strength
Our balance sheet remains robust. Total assets increased by 5% to $2.0 billion, supported by higher investments, inventory and receivables associated with export growth. The Group continues to maintain a low debt ratio of 0.20 and liquidity remains sound, providing flexibility to fund working capital, dividends and future strategic initiatives.
Our foreign currency earnings support the Group’s capacity to manage foreign exchange obligations prudently. While short-term borrowings of $60 million were accessed in December to support seasonal liquidity requirements, the Group’s overall liquidity and debt ratios remain healthy.
Outlook & Strategic Focus
As we look ahead, we continue to anticipate a highly volatile and uncertain local/global environment. However, Angostura remains strategically focused on:
Strategic Priorities
- Expanding export penetration and strengthening our global brand footprint
- Continuing product innovations to meet consumer demands
- Driving efficiency across manufacturing and supply chain operations
- Enhancing portfolio mix toward higher-margin categories
- Delivering sustainable, long-term shareholder value
Dividend
The Board of Directors recommends a final dividend of $0.29 per share for the financial year ending December 31, 2025, bringing the total declared dividend for 2025 to $0.39 per share as compared to $0.38 per share in the prior year. If approved, this dividend will be paid on July 31, 2026, to shareholders on record as of July 10, 2026. To facilitate this payment, the shareholders’ register will be closed on July 09, 2026.
On behalf of the Board of Directors, sincere appreciation is extended to our employees, distributors, customers, shareholders and other stakeholders for their continued commitment and confidence in Angostura Holdings Limited. Together, we remain focused on building a stronger, more globally competitive enterprise for the years ahead.
All Figures expressed in Trinidad and Tobago Dollars