Company accounts show that the brewer and bar and pub operator saw revenue grow by 10% to £238m driven by a rise in online beer sales of 900%, but that this was not sufficient to offset the impact of its bar closures.
The growth in revenue was described by BrewDog co-founder James Watt as being “the most significant achievement in our history”.
BrewDog says it intends to open around 30 new retail locations in the UK and overseas including a hotel in Manchester and in Edinburgh.
The annual report comes after BrewDog apologised to former employees who accused Watt and the company in an open letter of fostering a “culture of fear”.
The company, which operates around 100 bars across the world, has since launched an independent review of its culture and has committed to creating an employee representative group. BrewDog says it hopes to share the findings of its review before the end of the year.