"The directors of ADK Rural are pleased to provide the following progress update for the 2022 financial year as at 31 May 2022.
As a result of ongoing business development efforts, ADK Rural’s stockist network has increased to 340 retail stores across Australia, an increase of 89 stores in the 2 months since 31 March 2022. State-by-state stockist locations are currently: NSW: 132 stores
- Qld: 107 stores
- Vic: 49 stores
- SA: 34 stores
- WA: 8 stores
- Tas: 7 stores
- NT: 3 stores
Year to date revenue is $6.504M with EBITDA of $981k. The directors remain confident the FY22 forecast of $7.276M revenue and $1.076M EBITDA is attainable."