Distil reported interim results for the 6m period ended 30 September 2025 in-line with prior guidance which it had provided at the time of the September 2025 fundraise. Following a weak first quarter (£67k), revenues rebounded strongly in Q2 (£246k), bringing total H1 revenue to £313k. Key operational developments included the transition of UK distribution to Global Brands Ltd and the signing of a new partnership with AIKO Importers Inc to relaunch Blavod Black Vodka in the US. As the company enters the second half, it notes early signs of improving consumer confidence. While Q2 performance was encouraging and further progress is anticipated in H2, ongoing industry headwinds—particularly cost inflation and consumers’ shift toward lower-priced alternatives—have led us to trim forecasts, reducing revenue expectations for FY2026 and FY2027 by 9% and 12%, respectively.
