SEDAR Interim Financial Statements

[
  {
    "companyName": "Corby Spirit and Wine Limited",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 2068,
      "depositsInCashManagementPools": 21821,
      "accountsReceivable": 43331,
      "inventories": 104363,
      "prepaidExpenses": 1076,
      "totalCurrentAssets": 172659,
      "noteReceivable": 742,
      "otherAssets": 6940,
      "deferredIncomeTaxAssets": 939,
      "rightOfUseAssets": 7807,
      "propertyPlantAndEquipment": 20159,
      "goodwill": 116962,
      "intangibleAssets": 69206,
      "totalAssets": 395414,
      "bankIndebtedness": 0,
      "accountsPayableAndAccruedLiabilities": 66250,
      "incomeAndOtherTaxesPayable": 3064,
      "creditFacilitiesPayable": 0,
      "currentLeaseLiabilities": 2022,
      "totalCurrentLiabilities": 71336,
      "provisionForEmployeeBenefits": 6053,
      "longTermDebt": 96000,
      "deferredIncomeTaxLiabilities": 17152,
      "longTermLeaseLiabilities": 5578,
      "nonControllingInterestObligation": 10069,
      "totalLiabilities": 206188,
      "shareCapital": 14304,
      "accumulatedOtherComprehensiveIncome": 8350,
      "retainedEarnings": 166572,
      "totalEquity": 189226,
      "totalLiabilitiesAndShareholdersEquity": 395414,
      "cashPerShare": 0.0001,
      "workingCapitalPerShare": 0.0036
    },
    "incomeStatement": {
      "revenue": 142307,
      "costOfSales": -73840,
      "marketingSalesAndAdministration": -38494,
      "otherIncomeExpense": 300,
      "earningsFromOperations": 30273,
      "financialIncome": 194,
      "financialExpense": -3722,
      "fairValueAdjustmentOfNonControllingInterestObligation": -530,
      "earningsBeforeIncomeTaxes": 26215,
      "currentIncomeTaxes": -7902,
      "deferredIncomeTaxRecovery": 701,
      "incomeTaxes": -7201,
      "netEarnings": 19014,
      "basicEarningsPerShare": 0.67,
      "dilutedEarningsPerShare": 0.67,
      "weightedAverageCommonSharesOutstandingBasic": 28468856,
      "weightedAverageCommonSharesOutstandingDiluted": 28468856
    },
    "cashFlowStatement": {
      "netEarnings": 19014,
      "amortizationAndDepreciation": 7300,
      "netFinancialExpense": 3528,
      "gainOnSaleOfBrandTrademarks": -393,
      "fairValueAdjustmentOfNonControllingInterestObligation": 530,
      "incomeTaxExpense": 7201,
      "provisionForEmployeeBenefits": 8,
      "netChangeInNonCashWorkingCapitalBalances": 9914,
      "interestPaid": -3039,
      "interestReceived": 194,
      "incomeTaxesPaid": -7241,
      "netCashFromOperatingActivities": 37016,
      "additionsToPropertyAndEquipment": -951,
      "additionsToIntangibleAssets": -67,
      "proceedsFromRepresentationRights": 3289,
      "proceedsFromSaleOfBrandTrademarks": 3000,
      "exerciseOfOptionToPartiallyAcquireNonControllingInterest": -9285,
      "depositsInWithdrawalsFromCashManagementPools": -6065,
      "netCashUsedInFromInvestingActivities": -10079,
      "proceedsOnNoteReceivable": 97,
      "repaymentOfLongTermDebt": -6000,
      "paymentOfLeaseLiabilities": -1067,
      "repaymentsOfCreditFacilitiesPayable": -1505,
      "repaymentOfBankIndebtedness": -3477,
      "dividendsPaid": -13096,
      "netCashUsedInFinancingActivities": -25048,
      "netChangeInCash": 1889,
      "cashBeginningOfPeriod": 179,
      "cashEndOfPeriod": 2068
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Note Receivable",
        "description": "Note receivable from sale of Ace Hill and Liberty Village brand trademarks to Twenty Bench Brewing Company (TBBC). Non-interest bearing, face value $1,000, fair value $742. To be paid from TBBC's future sales or within 18 months.",
        "ownershipPercentage": null,
        "value": 742,
        "notes": "Classified at amortized cost, Level 3 fair value hierarchy."
      },
      {
        "type": "Deposits in Cash Management Pools",
        "description": "Participates in cash pooling arrangement under Mirror Netting Service Agreement with Pernod Ricard's other Canadian affiliates.",
        "ownershipPercentage": null,
        "value": 21821,
        "notes": "Credit risk contingent on Pernod Ricard's credit rating. Interest earned based on 30-day CORRA + 0.75%."
      },
      {
        "type": "Investment in Subsidiary",
        "description": "Ace Beverage Holdco Inc. (ABHI). Ownership increased to 95% after exercise of call option.",
        "ownershipPercentage": 95,
        "value": null,
        "notes": "Acquired via call option exercise on Sep 26, 2025. Paid $9,285, resulting in fair value adjustment of $530."
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 28468856,
      "classesOfShares": ["Voting Class A Common Shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEndedDec312025": {
          "salaryAndPayrollCosts": 9146,
          "expensesRelatedToPensionsAndBenefits": 149
        },
        "sixMonthsEndedDec312025": {
          "salaryAndPayrollCosts": 18553,
          "expensesRelatedToPensionsAndBenefits": 298
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-02-11",
        "description": "Board of Directors declared regular quarterly dividend of $0.24 per common share, payable on March 11, 2026 to shareholders of record on February 25, 2026.",
        "impactValue": null
      }
    ]
  }
]