MGP Ingredients, Inc. (MGPI) Posts Fourth-Quarter and Full-Year 2025 Results

MGP Ingredients, Inc. (NASDAQ:MGPI) is among the 12 Best Alcohol Stocks to Buy Right Now.

On February 25, 2026, MGP Ingredients, Inc. (NASDAQ:MGPI) announced fourth-quarter sales of $138.3 million, a 23% decrease, and a net loss of $134.6 million, including a $152.6 million non-cash goodwill and intangible asset impairment. Adjusted net income dropped 60% to $13.7 million, while adjusted EBITDA plummeted 51% to $26.1 million. Gross profit fell 35% to $48.3 million, reducing the margin to 34.9%. Sales fell 24% to $536.4 million in fiscal year 2025, resulting in a $107.8 million net loss. Adjusted net income decreased 51% to $61.5 million, while adjusted EBITDA slid 41% to $116.0 million. Operating cash flow rose to $121.5 million.

The company reported that its Branded Spirits segment's fourth-quarter sales declined 1% to $63.4 million, while Distilling Solutions' sales dropped 47% to $43.6 million, due to a 53% fall in brown goods. Ingredient Solutions' sales slipped 10%, to $31.3 million. The firm forecasts sales of $480 million to $500 million in 2026, with adjusted EBITDA ranging from $90 million to $98 million.

MGP Ingredients, Inc. (NASDAQ:MGPI) manufactures and trades food, beverage, specialty wheat protein, and starch food ingredients. It operates in the following areas: Distilling Solutions, Branded Spirits, and Ingredient Solutions.

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