Agencia Comercial Spirits Ltd
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsAgencia Comercial Spirits Ltd. is a Taiwan-based spirits wholesaler listed on Nasdaq, distributing beer, wine, and distilled alcoholic beverages.
What they do
The company operates as a wholesale distributor of beer, wine, and distilled alcoholic beverages, based in Taichung City, Taiwan. It sources and sells alcoholic products to retail and other wholesale customers. The company is incorporated in the Cayman Islands and reports in U.S. GAAP.
Revenue drivers
- Wholesale distribution of alcoholic beverages — Primary revenue source; includes beer, wine, and distilled spirits; revenue grew from $887K in 2023 to $2.5M in 2024 and $6.2M in 2025.
Recent performance
Annual revenue increased to $6.2M in 2025 from $2.5M in 2024 and $887K in 2023. Net income was $609K in 2025, down from $779K in 2024 but up from $239K in 2023. Diluted EPS fell to $0.0383 in 2025 from $0.0623 in 2024. Operating cash flow was negative at -$7.5M in 2025, a significant outflow compared to -$237K in 2024. Cash and equivalents stood at $15.8M at year-end 2025, with long-term debt of only $18K.
Strategy
Management focuses on growth through expanding distribution and introducing new product offerings. They aim to grow their customer base, including consolidated account customers. The company monitors demand and market acceptance of its products, and adapts to government policies and regulations. Geopolitical events and trade restrictions are variables they consider in their strategy.
Risks
- Negative operating cash flow — Operating cash flow was -$7.5M in 2025, indicating substantial cash burn from operations.
- Earnings decline — Net income decreased by roughly 22% in 2025 despite revenue growth, signaling margin pressure or rising costs.
- Geopolitical and trade risks — The company operates in Taiwan and is exposed to geopolitical tensions and trade restrictions that could disrupt supply or demand.
- Regulatory and supply chain disruptions — Public health emergencies or government orders could disrupt the business, industry, or supply chain as noted in forward-looking statements.
Outlook
Management expects future business development and financial condition to be influenced by growth strategies, demand for products, and competitive pressures. They anticipate changes in revenues and costs as they expand offerings and customer base. No specific guidance or projections are provided in the filing.