Ellon-based BrewDog has reported a pre-tax loss of £36.7million last year - its fifth consecutive annual loss.

The craft beer colossus last recorded a pre-tax profit, of £1.1million, in 2019, and has since reported losses of £12.5million in 2020, £9.4million in 2021, £30.5million in 2022 and £59.2million in 2023, the P&J reports.

In July this year, BrewDog announced it was closing 10 of its bars, including its flagship Gallowgate pub.

In the July/August edition of the Chamber's Business Bulletin magazine, BrewDog's chief sales officer Stuart Harrison discussed a directional pivot for the company as it moved to target large stadium deals in a bid to attract new customers.

High-profile deals already struck include with the home of cricket Lords and West Ham's London Stadium.

But as a result of the annual losses, BrewDog last year took out an additional £20million loan from its main shareholder TSG Consumer Partners.

This, The Press and Journal reports, brings the brewer's annual interest payments up to £17.3million.

Despite the figures, the reports states: “The directors have a reasonable expectation that the group as a whole has adequate resources to continue operational existence until 31 December 2026.”

Read more in today's Press and Journal.

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