- PJ Rigney Distillery has increased profits to €2.87m.
- Revenues have risen by 4pc to €17.99m.
- The company has faced a 15pc tariff on US exports.
- Brands including Drumshanbo Gunpowder Irish Gin have outperformed the market.
- Employment has increased from 85 to 88 staff.
The makers of Drumshanbo Gunpowder Irish Gin have increased profits to €2.87m last year despite a 15pc tariff on exports to the US. PJ Rigney Distillery & International Brands Ltd has reported revenues that rose by 4pc from €17.27m to €17.99m in the 12 months to the end of September. Pre-tax profits have edged up from €2.81m in the previous fiscal year.
The directors have noted strong performance amid economic uncertainty, tariffs in the US, inflationary pressures and conflicts in Ukraine and the Middle East. Brands have outperformed the general drinks market due to investments in innovation and brand communications. Margins have faced pressure from pricing, the weakening dollar and US tariffs but tight cost controls have offset these factors.
Numbers employed have risen from 85 to 88 while staff costs have reduced from €2.72m to €2.69m. The company has maintained strong liquidity with no debt obligations and has expected to generate profits and positive cash flows in 2026.
Directors shared “Our brands outperformed the general drinks market by some distance on the back of substantial increased investments in newness, innovation and brand communications.”
Directors shared “The company is confident that this world class brand led distillery based in Drumshanbo, Co Leitrim will continue to be an operational success.”
