BrewDog Reports £37m Loss, TSG Lends Additional £20m Amid Slowing Sales

BrewDog reported a pre-tax loss of £36.6 million for the year ending December 2024, narrowing from £59.2 million in 2023, while sales growth stalled with revenue rising less than 1% to £357 million. Despite the losses, the company highlighted an adjusted EBITDA profit of £7.5 million, indicating a return to profitability before interest and tax, a point emphasized by CEO James Taylor. The brewer has faced significant challenges, including the departure of co-founders James Watt and Martin Dickie, the closure of 10 bars, and the removal of its flagship Punk IPA from nearly 2,000 pubs, attributed to tough market conditions and competition from larger international brewers. BrewDog’s largest shareholder, private equity firm TSG Consumer Partners, has agreed to lend an additional £20 million, adding to high-interest loans that increased annual interest payments to £17.3 million. Taylor expressed optimism about recent gains in distribution, partnerships with venues like Lord's and London Stadium, and growth in supermarket and on-trade sales, projecting improved performance in 2025 despite current financial pressures.