Drinks manufacturer AU Vodka has recorded a strong financial performance in FY24, reporting a gross profit of £25m for the year ended on 29 April 2024.

The firm’s company growth went up by 26%, which was driven by global expansion and new products being introduced.

However, AU Vodka’s EBITDA fell to £9.3m compared to £10.5m in the year prior which was driven by additional expenses for its investment in the business growth strategy.

The brand’s post-tax profits totalled £3.9m, which marks a steep decline from the previous year’s profits of around £8.4m.

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A statement said the primary market growth was driven by the UK, which accounted for 89% of total revenue.

Charlie Morgan, Director and founder of AU Vodka commented: “The Directors are pleased with the company’s recent performance, particularly the growth achieved across sales channels following the successful initial expansion into the USA. This strategic move has supported global growth ambitions and enhanced overall brand visibility.

“International expansions will continue to be a key priority, as the Company builds on its momentum to strengthen its global presence and unlock new market opportunities.”