BrewDog has managed to reduce its pre-tax losses significantly in 2024, reporting a narrowing of losses to approximately £36.6 million, down from £59.2 million the previous year, despite ongoing financial and operational challenges.
BrewDog, the prominent Scottish brewing company based in Ellon, Aberdeenshire, reported a marked improvement in its finances for the year ending 2024.
The brewery’s pre-tax loss narrowed to £36.6 million, showcasing its efforts to regain profitability following a notably more challenging 2023 in which net losses were nearly £60 million.
Revenue and Operational Highlights
- Revenue: Annual revenues remained relatively flat at about £280 million, indicating limited top-line growth despite improved cost management.
- Adjusted Earnings: BrewDog achieved an adjusted EBITDA of £7.5 million, its first return to positive earnings before tax since 2021.
- Impairment Charges: A significant portion of previous losses was attributed to one-off impairment charges and restructuring costs.
BrewDog’s management credited operational streamlining and improved efficiency for the improved bottom line. The company cut costs, consolidated global operations, and launched nine new franchise bars in markets such as Bangkok, Perth, Denver, and Rotterdam.
Additionally, BrewDog secured a four-year beer partnership for Lord’s Cricket Ground, enhancing its profile as a key player in the UK beer scene.
Despite these improvements, BrewDog has shelved its long-mooted plans for a stock market flotation, choosing instead to focus on profitability and brand reinvigoration. The year also saw major leadership changes, with co-founder Martin Dickie stepping down earlier in September 2025.
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Chief Executive James Taylor described 2024 as a “transformative” year, stating that streamlining and increased operational efficiency have had a tangible impact on the company’s financials.
While top-line growth has slowed, BrewDog’s management remains optimistic, stressing their ongoing focus on core brands, employee development, and sustainable, profitable growth.
This narrowing of pre-tax losses marks a pivotal moment for BrewDog as it seeks to navigate economic headwinds and rebuild confidence among investors and staff, putting sustained profitability firmly back on the agenda.
