Coopers Brewery Reports Decline in Profits
Coopers Brewery, Australia's largest family-owned brewery, reported a decline in profits for the 2024-25 financial year.
The profit drop was attributed partly to the financing and start-up expenses associated with a $70 million investment in a new visitor centre, restaurant, microbrewery, and whisky distillery at its Adelaide headquarters.
Coopers is best known for its pale ale and sparkling ale products, and was founded in 1862.
For the 12 months ending June 30, sales revenue saw a slight increase to $309 million, up from $308 million in the previous year.
However, net profit after tax decreased to $15.3 million, compared to $22.9 million the year before.
Despite the profit dip, Coopers managed to increase its beer volumes by 2.3 per cent, reaching 80.6 million litres, in a declining overall beer market.
Author's summary: Coopers Brewery's profit dips due to expansion costs.