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Corby Spirit and Wine (CSW-A) investor relations material
Corby Spirit and Wine Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary14 Nov, 2025
Executive summary
Achieved record Q1 revenue of CAD 75.4 million, up 16% year-over-year, driven by share gains in spirits, rapid RTD business expansion, and strong sales execution.
Adjusted EBITDA reached CAD 20.3 million, up 4% year-over-year, with adjusted net earnings of CAD 11.0 million, up 8%, and reported net earnings up 9%.
Outperformed the Canadian spirits market for the third consecutive year, leveraging a diversified brand portfolio.
Completed disposal of non-core ABG brands and divested Ace Hill Beer and Liberty Village Cider to sharpen focus on priority categories.
Announced leadership transition, with Florence Tresarrieu succeeding as President and CEO, focusing on sustainable, profitable growth.
Financial highlights
Q1 revenue reached CAD 75.4 million, up 16% year-over-year, marking an all-time high.
Adjusted EBITDA rose 4% to CAD 20.3 million; adjusted EPS at CAD 0.39, reported EPS at CAD 0.36, up 8% and 9% respectively.
Cash flow from operating activities was CAD 5.6 million, up 53% year-over-year.
Dividend declared at CAD 0.23 per share, up 5% from Q1 FY2025 and consistent with the previous quarter.
Net debt at CAD 93 million, improved by CAD 16 million from Q1 2025; total debt was CAD 105.1 million as of September 30, 2025.
Outlook and guidance
Expects to continue outperforming the market in FY2026, focusing on market share gains in spirits and RTD.
Q2 results anticipated to be softer due to normalization of LCBO orders, BC labor strike impact, and one-time factors, with effects expected to normalize over time.
Remains focused on protecting margins, profitable growth, and long-term shareholder value.
RTD margin pressure drivers
RTD expansion strategy beyond Ontario
Debt repayment vs. dividend strategy
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Next Corby Spirit and Wine earnings date
Q2 202612 Feb, 2026
Next Corby Spirit and Wine earnings date
Q2 202612 Feb, 2026
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Frequently asked questions
Corby Spirit and Wine Ltd, commonly known as Corby, is a Canadian company with a focus on the marketing and distribution of spirits and wines. The company owns or represent many of the top-selling brands in Canada, . Corby's portfolio spans across a diverse range of spirits and wines, including Canadian whiskey, Irish whiskey, single malt whiskey, blended scotch, cognac, brandy, rum, gin, tequila, vodka, and liqueurs, with brands such as J.P. Wiser’s Canadian whisky and Polar Ice vodka under its wing. It operates not only within Canada but also exports its products to the United States, Europe, and other international markets. The company is headquartered in Toronto, Canada, and its shares are listed on the Toronto Stock Exchange.
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