Corby Spirit and Wine Limited reports strong Q2 fiscal 2026 results and increases quarterly dividend by 4.3% to $0.24 per share

Executive Summary

• Corby Spirit and Wine Limited reported record H1 FY26 revenue of $142.3 M (+12% YoY) and Q2 FY26 revenue of $66.9 M (+9% YoY), driven by strong RTD expansion and spirits market‑share gains.
• Adjusted Net Earnings rose 8% YoY to $9.1 M in Q2 and $20.1 M for the first half, with net earnings up 12% YoY to $8.8 M (Q2) and $19.0 M (H1).
• The Board declared a quarterly dividend of $0.24 per share, a 4.3% increase over the prior quarter.

Key Details

• Revenue Highlights
• Q2 FY26 revenue: $66.9 M (+9% YoY); organic revenue +10%.
• H1 FY26 revenue: $142.3 M (+12% YoY); organic revenue +13%, the highest H1 ever for Corby.
• Domestic case goods revenue Q2: $53.4 M (+12% YoY).

• Export case goods sales Q2: $4.8 M (+25% YoY).

• Profitability

• Adjusted Net Earnings Q2: $9.1 M (+8% YoY, reported +12%).
• Adjusted Net Earnings H1: $20.1 M (+8% YoY, reported +11%).
• Adjusted EBITDA Q2: $17.3 M (+1% YoY).

• Adjusted EBITDA H1: $37.6 M (+2% YoY).

• Margins & Expenses

• Marketing, sales & administrative expenses Q2: $18.4 M (+1%).

• Same expense line H1: $38.5 M (+6%).

• Cash Flow & Balance Sheet

• Operating cash flow H1: $37.0 M, up $1.5 M (+4% YoY).
• Net Debt / Adjusted EBITDA (12‑month) improved to 1.1× from 1.4× prior quarter.

• Dividend payout ratio over last four quarters: 57%.

• Dividend

• Quarterly dividend declared: $0.24 per share, up $0.01 (+4.3%).

• Payable on March 11, 2026 to shareholders of record February 25, 2026.

• Management Commentary (CEO Florence Tresarrieu)

• Highlighted “strong quarter,” “record H1 revenue,” and “significant market‑share gains” in both spirits and RTDs despite a declining overall market.

• Emphasized continued focus on core brands, accelerated RTD expansion, disciplined cost management, and confidence reflected by the dividend increase (third raise in <18 months).

• Conference Call

• Date: Thursday, February 12, 2026 at 9:00 a.m. EST.
• Access via telephone numbers provided or webcast on Corby’s investor website.

Notable Quotes

“Our record H1 revenue and continued earnings growth attest to the strength and balance of our diversified portfolio… The Board has approved an increase in our dividend this quarter of approximately 4%, our third announced dividend increase in less than 18 months.” – Florence Tresarrieu, President & CEO

All figures are presented in Canadian dollars unless otherwise noted.