William Grant & Sons, the family-owned Scottish distiller behind Glenfiddich, The Balvenie and Hendrick’s Gin, has reported a 13% fall in pre-tax profit for 2025, The Spirits Business has reported.
According to the trade publication, profit before tax for the year to 31 December 2025 was £337m, down from £388m in 2024. Turnover fell by 4% to £1.758bn.
The Spirits Business reported that the company linked the results to difficult market conditions, continuing geopolitical and trade pressures, and lower demand. It did not give a breakdown of individual brand performance. Instead, it described a mixed performance across its portfolio, with what it called “resilient contributions in select areas” and gains in market share in several categories.
Graeme Jenkins, chief financial officer, described 2025 as “another challenging year for the spirits industry, with external pressures affecting performance across many of the company’s key markets”, as reported by The Spirits Business.
He added: “While the results reflect the current operating environment, our confidence in the long-term fundamentals of the spirits industry remains strong.
“The company will continue to take those actions that ensure we are well positioned to benefit when market conditions improve.”
During the year, the company said it had made significant investment in its brands and bought The Famous Grouse and Naked Malt whisky brands from Edrington, a deal completed in July 2025.
In Case You Missed It:
STV revenue falls 27% and Studios takes £25.4m impairment as commissioning slowdown bites
Standard Life posts 25% profit rise as £2bn Aegon UK deal stays on track for end-2026
Round One opens 2026 applications for Scottish pre-seed founders
West Lothian firm passes £1m profit as 2025 results underline strength of core business
According to The Spirits Business, William Grant also cut production at its Tullamore Irish whiskey distillery in April 2025 and is working on the expansion of its Girvan Distillery on Scotland’s west coast.
The trade publication reported that the chief executive role remains vacant following the departure of Søren Hagh in November, less than two years after he took up the post.
