Corby Spirit and Wine Limited reports strong Q1 fiscal 2026 results including record quarterly revenue and Adjusted EBITDA and announces dividend of $0.23 per share

Executive Summary

• Corby Spirit and Wine Limited reported record Q1 FY2026 revenue of C$75.4 M (+16% YoY) and record Adjusted EBITDA of C$20.3 M (+4% YoY).
• Adjusted Net Earnings rose 8% to C$11.0 M; cash flow from operations increased 53% to C$5.6 M.
• The Board declared a quarterly dividend of $0.23 per share, payable Dec 19, 2025.

Key Details

• Revenue: C$75.4 M (record high), driven by domestic case goods (C$61.3 M, +15%) and export revenue (C$4.9 M, +55%).
• Adjusted EBITDA: C$20.3 M (record), representing a 4% YoY increase.
• Adjusted Net Earnings: C$11.0 M (+8% YoY); basic EPS $0.39 (up 8%).
• Operating Cash Flow: C$5.6 M, up C$1.9 M (53%) YoY.
• Net Debt / Adjusted EBITDA Ratio: 1.4x, unchanged from Q4 FY2025.
• Dividend: $0.23 per Voting Class A and Non‑Voting Class B share; payable Dec 19, 2025 to shareholders of record Nov 28, 2025. Dividend payout ratio 55% over the last four quarters.
• Expenses: Marketing, sales & admin expenses C$20.1 M (+11% YoY), rising slower than revenue.
• Market Highlights: RTD portfolio (ex‑Nude) grew 44% YoY; overall spirits market down 0.9% but Corby’s owned/represented spirits up 0.5% YoY.
• Conference Call: Scheduled for Fri, Nov 14, 2025 at 9:00 a.m. EST; dial‑in numbers and webcast link provided.

Notable Quotes

“Corby delivered a strong start to the fiscal year… revenue also benefitted from a low comparative base and favourable order phasing… we anticipate a softer second quarter as these puts and takes normalize.” – Nicolas Krantz, President & CEO