The Becker Milk Company Limited: 2025 Annual Financial Results

Core Viewpoint - The Becker Milk Company Limited reported improved financial results for the year ended April 30, 2025, with significant increases in net income and property revenue compared to the previous year [1][2]. Financial Highlights - Total revenue for the year ended April 30, 2025, was $2,992,082, an increase of $53,566 from $3,045,648 in 2024, driven by higher property revenue and finance income [2][7]. - Property revenue rose to $2,834,413 from $2,792,736, while finance income decreased to $157,669 from $252,912 [3][7]. - Net income attributable to common and special shareholders surged to $2,847,590, compared to $124,478 in 2024, resulting in income per share of $1.57, up from $0.07 [3][7]. Changes in Net Income - The increase in net income of $2,723,112 was attributed to several factors, including a favorable fair value adjustment of $3,231,103, a decrease in current taxes of $47,805, and an increase in net operating income of $11,794 [5][6]. - The increase in fair value adjustment was due to a downward adjustment in investment property capitalization rates [5]. Non-IFRS Financial Measures - Net Operating Income for the year was $2,386,854, reflecting an increase of $11,794 from $2,375,060 in 2024, primarily due to improved property revenue from higher recovery of operating costs [6][8]. - Adjusted funds from operations were recorded at $705,034 ($0.39 per share), down from $920,029 ($0.51 per share) in 2024 [8][9]. Strategic Review - The Board of Directors is actively evaluating strategic directions and has engaged in discussions with potential acquirers, although no active discussions are ongoing at this time [10].