Ellon-based craft brewer BrewDog has posted a pre-tax loss of £36.7 million for the last financial year, marking its fifth year in the red.
The company last registered a profit in 2019, with losses steadily accumulating across subsequent years: £12.5 million in 2020, £9.4 million in 2021, £30.5 million in 2022, and a record £59.2 million in 2023.
In July, BrewDog announced the closure of 10 bars – including its flagship Gallowgate venue – amid efforts to offset financial pressures.
The company has also secured an additional £20 million loan from its principal shareholder, TSG Consumer Partners, raising annual interest payments to £17.3 million.
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Despite ongoing losses, BrewDog’s leadership has signalled a new strategic direction. Chief sales officer Stuart Harrison outlined plans to pursue partnerships with large stadiums, aiming to expand the brand’s reach among new customer bases.
Notable deals have already been signed with Lords (the home of cricket) and West Ham United’s London Stadium.
According to company statements, directors maintain “a reasonable expectation that the group as a whole has adequate resources to continue operational existence until 31 December 2026.”
