Corby Spirit and Wine Ltd. Announces Fiscal Q3 Results and Dividend

TORONTO, May 14, 2025 — Corby Spirit and Wine Limited (“Corby”), a prominent Canadian entity in the manufacturing, marketing, and distribution of spirits, wines, and ready-to-drink cocktails, has disclosed its financial outcomes for the fiscal third quarter (“Q3”) and the nine-month period ending March 31, 2025. The company, listed on the Toronto Stock Exchange under the symbols CSW.A and CSW.B, reported a Q3 revenue of CAD 48.0 million, marking a slight year-over-year decrease of 1%. This dip is attributed to the normalization of sales following a high base of comparison from the previous year, compounded by de-stocking patterns at the Ontario liquor board.

Organic revenue for Q3 saw a more pronounced decline of 9%, reflecting similar market dynamics. However, the fiscal year-to-date (FYTD) March revenue tells a more optimistic story, with a 7% increase to CAD 174.8 million, and organic revenue remaining flat. This performance underscores Corby’s resilience and adaptability in a fluctuating market landscape.

In a move that underscores its commitment to shareholder value, Corby has declared a quarterly dividend of CAD 0.23 per share. This announcement, consistent across multiple financial news platforms, highlights the company’s stable financial footing and its dedication to returning value to its investors.

Corby’s strategic positioning within the Consumer Staples sector, specifically in the Beverages industry, is further evidenced by its robust market capitalization of CAD 427.65 million and a price-to-earnings ratio of 16.54. The company’s close price as of May 8, 2025, stood at CAD 15.25, with its 52-week high and low recorded at CAD 15.7 and CAD 12.12, respectively.

As Corby navigates the complexities of the current market environment, its focus remains on leveraging its strong brand portfolio, including the well-regarded J.P.-branded beverages, to drive growth and sustain its competitive edge. With a forward-looking perspective, Corby Spirit and Wine Ltd. continues to solidify its position as a key player in the Canadian beverages sector, poised for continued success in the years ahead.