Innovation Beverage net loss widens 31.8% to $6.19 million in FY25; revenue falls 5.1% to $2.77 million - IBG News | RalliesInnovation Beverage net loss widens 31.8% to $6.19 million in FY25; revenue falls 5.1% to $2.77 million
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IBG• FY25 results show lower revenue and wider loss
- Innovation Beverage Group revenue fell 5.1% to $2.77 million, with Australian Bitters Company sales down 7.2% to $2.6 million.
- Net loss widened 31.8% to $6.19 million, while loss from operations increased 6.3% to $5.38 million.
- Gross margin dropped 31.9 percentage points to 44.2%, and cost of revenues more than doubled to $1.55 million.
- Contracted services jumped 74.1% to $2.56 million, while total operating expenses fell 9.3% to $6.61 million.
- Cash was $127,756 at year-end, with a working capital deficit of $1.99 million; a March 2026 offering raised about $6 million.
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