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Monday 8am - 5:30pm Tuesday 8am - 5:30pm Wednesday 8am - 5:30pm Thursday 8am - 5:30pm Friday 8am - 5:30pm

Mighty Craft

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Australia
Melbourne, VIC
Mighty Craft

We are out there fossicking for craft gold; helping the best craft makers spread the good stuff to the world Each with their own unique story to tell.

Craft is an attitude, a personality and culture that draws from the quality and integrity of a person, their place and its native produce. Our collection of beer, spirits and ready to serve drinks are made by passionate locals. They are the brilliant makers out there. The unsung heroes of flavour and local ingredients. They are really good at what they do. And we aren't the only ones who think so.

29/02/2024

Mighty Craft releases its financial results for the half-year ended 31 December 2023 (H1 FY24) and an update on progress relating to the previously announced restructuring program.

Our Chair Grant Peck said: “Our focus for H1 FY24 was clear – continue to pursue asset divestments in order to deleverage the business and reduce the operating cost base of the company. We have made progress on both fronts, and we intend to continue to focus on these areas as we head into H2 FY24. The company has received a number of non-binding offers for its Adelaide based assets. The company’s future direction will be determined once we are clear on the outcome of these asset sales.”

Read the release here: https://loom.ly/WWx327I

30/01/2024

Mighty Craft provides a business update for the quarter ended 31 December 2023 (Q2 FY24).

Our Managing Director Katie McNamara said: “Q2 trading performance was a mixed result – we continue to see Better Beer perform exceptionally well, while cost of living pressures continue to impact the premium end of the spirits category. Better Beer sales of 12.2 million litres in its second calendar year post-launch is remarkable. The company continues to focus on reducing operating costs and divestments and has made solid progress on both fronts.”

Read the full Q2 FY24 business update here: https://loom.ly/SfwHNnQ

13/11/2023

The Board of Mighty Craft are pleased to announce the appointment of Katie McNamara as Managing Director, effective immediately following its strategic review process announced to the ASX on the 11th of May 2023. Katie has been a Non-Executive Director of Mighty Craft since 17th April 2023, and has been integral in the Board-led Strategic review, development and ex*****on.

As a senior executive and management consultant, Katie brings experience across a broad range of functional areas, with a focus on consumer, FMCG and retail. She has over 25 years’ operational experience in senior executive and consultancy roles across Australia, Europe, United States and Asia, and has deep experience in beverage alcohol, having been on the senior executive at Foster’s Group as Director of Strategy and M&A prior to, leading up and post the Demerger of Treasury Wine Estates. In addition to leading operational improvements across each stage of the value chain in her time at Foster’s, she also led the China strategy development for TWE, as well as leading a number of consulting engagements for global spirits and beer companies in China, India, USA and Australia.

Our Chairman Chris Malcom said: “Having now worked with Katie McNamara for some time I am confident in Katie’s commercial acumen, experienced skills and leadership ability will benefit the company, staff, shareholders and partners. I am looking forward to working closely with Katie on the next phase of the Mighty Craft’s business growth."

30/10/2023

Mighty Craft is pleased to provide a business update for Q1 FY24.

Highlights:

🍻 Unaudited group revenue of $19.2m, +8.5% versus p*p
🍻 Cash receipts of $21.7m, +10.9% versus p*p
🍻 Net operating cashflows during the quarter of $(3.5) million, impacted by seasonality, one-off restructuring costs and staff redundancies
🍻 Wholesale performance across categories:
O Beer & cider: 2.6 million litres sold (+34% versus p*p)
O Spirits: 53k bottles sold (-10% versus p*p) impacted by premium positioning in market and lower tourism visitations at Kangaroo Island
🍻 Better Beer sales of 2.2 million litres across ANZ (+53% versus p*p)
O Launch of 12 pack New Zealand format in August
O On track to hit New Zealand distribution target of 1,200 unique distribution points by November 2023

Read the full announcement here: https://loom.ly/9zGQxlI

Address

Melbourne, VIC
3023

Opening Hours

Monday	8am - 5:30pm
Tuesday	8am - 5:30pm
Wednesday	8am - 5:30pm
Thursday	8am - 5:30pm
Friday	8am - 5:30pm

Telephone

+61398119974

Website

http://www.mightycraft.com.au/

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