Ian Macleod Distillers has revealed it cut production at two distilleries by 30% due to the muted outlook for Scotch.
In a filing with Companies House, the UK business register, the company said it had lowered annual production at its Glengoyne and Rosebank sites “on account of the lower forward demand outlook”
The distiller said annual production at its Tamdhu site “remained at recent output levels” due to the timing of “significant onsite engineering works” in recent years. It added: “The broader trend is that Tamdhu’s output profile will mirror that of the other two distilleries.” The comments came alongside the release of Ian Macleod Distillers’ accounts for the year to the end of September 2025. Turnover stood at £118m, down from £128.3m a year earlier.
Operating profit dropped from £22.3m to £16.8m, while profit attributable to members of the company more than halved from £11.6m to £5.5m. Ian Macleod Distillers said “cased turnover grew modestly” but turnover from bulk whisky “continued to reduce at a significant, double-digit rate”. “Cased turnover demand for group products in Europe and Asia continued to decline whilst in the United Kingdom the reduction was mild. Positively, cased turnover grew in North America,” the company reported.