Company: AGCC
Filing Date: 2025-10-22
Form Type: 424B4
Source: 0001213900-25-101076
Chunk: 82

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-10-22
Form: 424B4
Chunk 82
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. We operate through two primary products: raw cask whisky sales and bottled whisky sales. The raw cask whisky sales involve selling entire barrels of whisky to other wine sellers and distributors, while the bottled whisky sales involve selling these products to bars, restaurants, nightclubs, VIP lounges, and corporate clients, in collaboration with our downstream distributors.

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In 2023, our raw cask whisky sales accounted for 88% of total revenue. This channel has been a significant contributor to our revenue, leveraging our expertise in sourcing and aging high -qualitywhisky products, as well as our established relationships with industry partners and retailers. However, in 2024, the contribution from the raw cask whisky sales decreased to 36% of total revenue. We are actively evaluating our strategies to optimize this product and maintain our position as a trusted supplier in the industry. The bottled whisky sales accounted for 12% and 64% of total revenue in 2023 and 2024, respectively. Since 2024, this product has been a strategic focus for us, as it allows us to capture higher margins and build stronger connections with our customer base. The increase in the bottled whisky sales contribution in 2024 reflects our efforts to enhance our capabilities, including strengthening our brand recognition, improving our customer experience, and expanding our product offerings to cater to diverse consumer preferences. In addition to our revenue performance, we closely monitor our trade volume, which represents the number of bottles and raw cask whisky sold during a given period. Trade volume is a key metric that provides insights into the demand for our products and the effectiveness of our sales and distribution strategies. In 2023, our total trade volume stood at 29,771 bottles. This volume reflects the combined sales across our Taiwan and international markets, as well as through our raw cask and bottled whisky sales. However, in 2024, we experienced a significant increase in trade volume, reaching 44,095 bottles sold. The substantial increase in trade volume in 2024 demonstrates the growing demand for our whisky products and the effectiveness of our sales and marketing initiatives. It also reflects our ability to navigate market challenges and capitalize on emerging opportunities. While our trade volume increased significantly in 2024, reaching 44,095 bottles sold compared to 29,771 bottles in 2023 (a 48% increase), our revenue growth outpaced our volume increase. This disparity can be attributed to a strategic shift in our product mix, where we focused on offering more premium and higher -