Company: AGCC
Filing Date: 2025-10-22
Form Type: 424B4
Source: 0001213900-25-101076
Chunk: 87

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-10-22
Form: 424B4
Chunk 87
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 US$14 to US$15,773, reflecting a significant expansion compared to 2023, when prices ranged from US$18 to US$254. This diverse portfolio includes both entry -leveland premium offerings. The lower end of the price range, starting at US$14, represents our more accessible varieties, appealing to a broader consumer base seeking quality at reasonable prices. In contrast, the higher end, reaching up to US$15,773 encompasses our most exclusive offerings, targeting discerning collectors and connoisseurs. While our product portfolio spans various price points, the significant increase in trade volume during 2024 was primarily concentrated in more premium and higher -pricedofferings (i.e. mid to high -rangeofferings, reflecting strong demand for moderately priced to more premium, high -qualityproducts from a growing customer base. By maintaining a diverse range of selling prices, we effectively cater to various customer segments, driving revenue growth. In 2024, we made significant strides in strengthening our market presence and deepening our penetration within existing markets. We expanded our distribution channels and forged strategic partnerships with key wine sellers and distributors. This extended reach allowed our products to be more widely available and accessible to consumers across various regions. We introduced new whisky varieties and limited editions, catering to evolving consumer preferences and trends. This diversification strategy allowed us to capture a broader range of customer segments and meet the growing demand for unique and premium whisky experiences. By combining improved market penetration with targeted expansion efforts, we were able to capitalize on the growing demand for whisky products, driving significant revenue growth and solidifying our position as a prominent player in the industry. Cost of revenue The cost of revenue increased to US$1,272,440 in 2024, representing a 143% upward movement from US$523,377 in 2023. This increase was primarily due to the increased sales volumes. However, the rise in cost of revenue was proportionally lower than the growth in sales, resulting in improved gross margins for both our sales channels. For our raw cask whisky sales, the cost of revenue decreased from 35% of total revenue in 2023 to 28% in 2024. This implies that the gross margin for raw cask whisky sales improved from 43% in 2023 to 56% in 2024. Similarly, for our bottled whisky sales, the cost of revenue decreased from 76% of total revenue in 2023 to 54% in 2024. Consequently, the gross margin