MGP Ingredients Reports Strong 2025 Performance Amid Rising Spirits Demand

MGP Ingredients, Inc. (MGPI) reported net income of $108.3 million for the full year 2025, a 14.7% increase from $94.4 million in 2024. Fourth-quarter net income totaled $31.2 million, up 18.2% year-over-year, surpassing analyst estimates. Revenue for the year reached $576.1 million, a 12.3% year-over-year rise, with the fourth quarter posting $148.6 million in sales, reflecting strong performance across both spirits and ingredient segments. The company’s adjusted EBITDA for 2025 reached $213.4 million, up 13.8% from $187.5 million in the prior year. MGPI attributed the growth to increased demand for bourbon and rye whiskey, particularly from branded partners and direct-to-consumer channels. Production volumes for high-proof spirits rose by 9% year-over-year, supporting higher throughput at its distilleries in Indiana and Kansas. MGPI maintained its full-year 2026 guidance, projecting revenue in the range of $590 million to $610 million and adjusted EBITDA between $215 million and $225 million. The company also announced a quarterly dividend of $0.40 per share, representing a 7.7% increase from the prior year’s payout. Stock buybacks remained active, with $25 million allocated in the fourth quarter. The results impacted investor sentiment in the consumer staples and food & beverage sectors. MGPI’s stock reacted positively, rising 5.3% in after-hours trading. The performance also influenced related ETFs, including the Consumer Staples Select Sector SPDR Fund (XLP), which saw a 1.2% uptick. Crude oil futures (CL=F) were unaffected, as MGPI’s operations are not energy-intensive.