Company: AGCC
Filing Date: 2025-08-19
Form Type: F-1/A
Source: 0001213900-25-078155
Chunk: 114

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-08-19
Form: F-1/A
Chunk 114
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 segment and exploring of diverse sales channels. Our financial performance for the year ended December31, 2024, demonstrated significant growth compared to the previous year. Revenue increased substantially from US$887,310 in 2023 to US$2,537,743 in 2024, representing a year -over-yeargrowth of approximately 186%. This substantial revenue growth was primarily driven by strong demand for our whisky products, specifically through our two main offerings: raw cask whisky sales and bottled whisky sales. It was also fueled by our successful strategies to enhance capabilities, including strengthening brand recognition, improving customer experience, and expanding product offerings to meet diverse consumer preferences. Consistent with the robust revenue growth, our net income also witnessed a remarkable increase, rising from US$239,288 in 2023 to US$779,278 in 2024, a year -over-yeargrowth of approximately 226%. The significant increase in net income can be attributed to our effective cost management strategies and operational efficiencies, which allowed it to leverage the higher revenue while maintaining a disciplined approach to expenses. Our financial condition and results of operations for the year ended December31, 2024, reflect its strong market position, effective execution of growth strategies, and efficient management of resources. These factors have positioned us favorably for continued growth and profitability in the future. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for additional details. Looking ahead, we aim to leverage our strong market presence and industry experience to further expand operations. Our Group plans to further obtain brand authorization and source raw cask whisky from brand owners, bottling and packaging these products in Taiwan through contract manufacturers. This initiative will mark a significant step towards brand diversification and market expansion. While the primary sales channel will continue to be B2B, we are also exploring additional sales avenues, including retail, to broaden its market reach. The Company has secured long -termauthorization agreements with certain brand owners, such as Ninja Whisky and Robuchon. Furthermore, through our contractor, we have obtained certain certifications from HMRC (verified as a Bottler & Labeller of Scotch Whisky under Spirit Drinks Verification Scheme, and a Bulk Importer of Scotch Whisky under the Spirit Drinks Verification Scheme, each until March 2027, respectively) and also plans to obtain certain certifications from the Japanese Brewery Association to further solidifying its position as a trusted partner in the industry. 76 Our future development is guided by several strategic directions. We will continue to cover a broad range