The Times reported the multinational brewer and pub operator has rowed back on plans to become a public company.
CEO James Taylor, who stepped up from his CFO role in March this year, told The Times an Initial Public Offering (IPO) was “not on the agenda at the moment” in favour of a return to growth underpinned by “sensible financial discipline.”
Return to profit
Speculations about a flotation suggested a potential valuation of £2bn for the group.
However, the company recently returned to profit for the first time since 2021, and has grown its share of the UK beer market alongside a strong performance in Australia and the US.
Net revenue for the Scottish brewer and operator last year stood at £280m, flat on the previous 12 months.
Adjusted earnings before deductions were £7.5m, compared to a £2.5m loss the previous year.
Top-line growth
BrewDog reported a pre-tax loss of £59.2m in 2023, including an impairment charge of c.£14m.
The Times further reported BrewDog declined to provide a pre-tax figure for 2024, albeit Taylor confirmed “there would be a loss under that measure” and no divided paid this year.
The plan is to get back to top-line growth this year and improve profitability, Taylor added.
- This story was originally published the Morning Advertiser’s sister publication MCA here.
