Company: AGCC
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026121
Chunk: 68

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 68
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 |     |  0 |    % |     |      5,009 |            |     |  0 | %      |     |     4,561 |   |     | 1,018.1 | %  |
| Total income before tax expense       |     |                          300,162 |            |     | 34 |    % |     |  1,018,213 |            |     | 40 | %      |     |   718,051 |   |     |   239.2 | %  |
| – Income tax expenses                 |     |                          (60,874 | )          |     |  7 |    % |     |   (238,935 | )          |     |  9 | %      |     |  (178,061 | ) |     |   292.5 | %  |
| Net income                            |     |                          239,288 |            |     | 27 |    % |     |    779,278 |            |     | 31 | %      |     |   539,990 |   |     |   225.7 | %  |

Revenue We generated revenue of US$2,537,743 in 2024, marking a significant increase of 186% from US$887,310 in 2023. This remarkable growth was driven by increased sales volumes, expanded market reach, a successful pricing strategy, and a strategic shift in the brands of whisky sold. Our primary revenue driver has been the market in Taiwan, accounting for 89% of total revenue in 2023 and increasing to 97% in 2024. While international sales contributed 11% of revenue in 2023 (8% from China and 3% from the UK), this segment declined in 2024, with only 3% of revenue coming from the Chinese market. The decrease

49 in international sales was primarily due to the cessation of sales to a related party in the United Kingdom. Our strong market presence in Taiwan and established distribution network in Taiwan have been key factors supporting our revenue growth. A notable change occurred in our revenue contribution from the raw cask whisky sales segment, which decreased from 88% of total revenue in 2023 to 36% in 2024. Conversely, the bottled whisky sales segment increased from 12% of total revenue in 2023 to 64% in 2024. This shift was driven by