New Risk • May 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£1.5m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Market cap is less than US$10m (UK£813.5k market cap, or US$1.11m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Currently unprofitable and not forecast to become profitable next year (UK£742k net loss next year). Revenue is less than US$5m (UK£963k revenue, or US$1.3m). New Risk • Mar 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£1.5m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Market cap is less than US$10m (UK£813.5k market cap, or US$1.09m). Minor Risks Currently unprofitable and not forecast to become profitable next year (UK£742k net loss next year). Revenue is less than US$5m (UK£963k revenue, or US$1.3m). Announcement • Jan 06
Distil plc Launches Packing Refresh for RedLeg Spiced Rum Distil plc announced a packaging refresh for RedLeg Spiced Rum. RedLeg Spiced Rum has undergone a packaging refresh across the range, giving the multi-award-winning brand an eye-catching new look. The most significant packing update since the brand launched in 2012, the refresh brightens the RedLeg palette, increasing the use of the brand's hero red colour, simplifying the wordmark which takes inspiration from traditional Caribbean sign-writing styles, and updating its red leg hermit crab illustration, including the addition of foiling and tactile varnish details to the shell. Developed in partnership with packaging experts Barlow & Co, the design refresh was undertaken to increase stand-out on shelf, heroise the brand's namesake crab and appeal to a younger adult audience. The refreshed pack is rolling out to stores and on-trade venues nationwide now, as well as being available directly from redlegrum.com. In addition to the core RedLeg Spiced product, the RedLeg flavour range has also been refreshed with bold coloured labels to increase stand-out and ease of flavour identification in both on- and off-trade environments. The new flavour packaging will roll out later in the year. 
