The Becker Milk Company Limited: Three Month Financial Results And Regular Dividend

Core Insights - The Becker Milk Company Limited reported a decrease in total revenues for the three months ended July 31, 2025, primarily due to reduced finance income [3][4] - The net income attributable to common and special shareholders increased significantly to $453,611 compared to $250,407 in the same period last year [4][11] - The company declared a semi-annual dividend of 40 cents per share, payable on September 29, 2025 [13] Financial Highlights - Total revenues for Q1 fiscal 2026 were $716,740, down from $727,502 in Q1 fiscal 2025, reflecting a decrease of $10,762 [3][7] - Property revenue slightly increased to $679,971 from $679,578, while finance income decreased to $36,769 from $47,924 [4][9] - Net operating income for the three months ended July 31, 2025, was $606,179, a decrease of $1,274 compared to $607,453 in the previous year [8][9] Changes in Net Income - The decrease in net income of $203,204 was influenced by several factors, including a decrease in deferred tax charges of $981,358 and an unfavorable fair value adjustment of $1,019,292 to investment properties [6][8] - The increase in proceeds from expropriation settlement contributed positively by $331,220 [6] Funds from Operations - Adjusted funds from operations for the three months ended July 31, 2025, were $186,918 ($0.10 per share), compared to $110,586 ($0.06 per share) in 2024 [10][11] - Funds from operations were recorded at $232,262, down from $246,638 in the previous year [11] Strategic Review - The Board of Directors is actively evaluating strategic directions and continues to review strategic alternatives, although no discussions with potential acquirers are currently active [12] Dividend Declaration - The company declared a regular semi-annual dividend of 40 cents per share, payable to shareholders of record as of September 19, 2025 [13]