Mighty Craft Achieves +25% Sales Growth in Q3 FY23 with Neutral Operating Cash Result


Mighty Craft Limited (ASX:MCL) (“Mighty Craft”, “MCL” or the “Company”), a craft beverage accelerator with a nationally diversified portfolio, is pleased to provide a business update for the quarter ended 31 March 2023 (Q3 FY23 or Q3) and Appendix 4C.


Mighty Craft’s Managing Director and CEO, Mark Haysman said:

“Q3 was a steady quarter for the business from a growth perspective and pleasingly we delivered a neutral operating cash result. Importantly, we completed a capital raise in March, providing funding to further accelerate Better Beer sales and increase brand investment in our spirits portfolio. The Company has delivered approximately $58 million in sales in the last six months along with a positive operating cash result of +$1.6 million. We continue to remain extremely focussed on pursuit of simplification and cost reduction, while balancing top line growth with building sustainable future earnings. We remain confident the business is well on-track with this strategy.”

Read the full announcement at bit.ly/3Z4uwv6

Watch the announcement webinar with Mark Haysman here bit.ly/41sNrkK

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1 Group unaudited revenue in Q2 FY23 includes sales from discontinued operations of approximately $1.7m
2 Group unaudited cash receipts in Q2 FY23 includes sales from discontinued operations of approximately $1.5m
3 Excludes venues classified as discontinued operations in H1 FY23 financial statements

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