Core Viewpoint - Andrew Peller Limited reported strong financial results for the second quarter and year-to-date periods, highlighting significant year-over-year growth in margins, earnings, and cash flow, while also improving its balance sheet [3][4]. Financial Highlights - Revenue for Q2 2026 was $105.5 million, a decrease of 3.4% from $109.2 million in Q2 2025; year-to-date revenue was $204.7 million, down 1.9% from $208.7 million [4][5]. - Gross margin increased to 45.7% in Q2 2026 from 42.4% in the prior year, and to 44.1% from 40.5% for the six-month period [6][8]. - EBITA rose by 18% to $21.3 million in Q2 2026 from $18.0 million in Q2 2025, and increased by 21% to $37.4 million for the six-month period [6][10]. - Net earnings improved to $8.9 million ($0.21 per Class A share) in Q2 2026 compared to $4.6 million ($0.11 per Class A share) in the prior year, and to $13.5 million ($0.32 per Class A share) for the six months ended September 30, 2025, compared to $4.2 million ($0.10 per Class A share) in the prior year [6][13]. Cost Management - Selling and administrative expenses as a percentage of revenue improved to 25.6% for Q2 2026 from 26.0% in the prior year, primarily due to reduced compensation expenses from restructuring initiatives [9]. - Interest expense decreased by 28.4% for Q2 2026 and by 21.4% for the six-month period, attributed to lower average debt levels and reduced interest rates [11]. Strategic Initiatives - The company sold non-core assets in British Columbia for net proceeds of $1.2 million, indicating a strategy to recognize value from such assets [14]. - The Ontario Grape Support Program contributed $2.4 million and $4.5 million to gross margin for the three and six-month periods ended September 30, 2025, respectively, which was not available in the comparable periods of the prior year [8]. Market Position - The company is well-positioned to continue growing market share in its core wine businesses while expanding into high-growth product segments and new sales channels in Ontario [3].

Core Points - Andrew Peller Limited has announced a quarterly common share dividend of $0.0615 per Class A Share and $0.0535 per Class B Share, to be paid on January 9, 2026, to shareholders of record on December 31, 2025 [1] - The company has a long history of paying common share dividends since 1979 and currently designates all dividends as "eligible dividends" under the Income Tax Act (Canada) [1] Company Overview - Andrew Peller Limited is a leading producer and marketer of quality wines and craft spirits in Canada, with a portfolio of premium and ultra-premium brands including Peller Estates, Trius, and Wayne Gretzky [2] - The company operates 101 independent retail locations in Ontario under various store names and also imports premium wines from around the world through its subsidiaries [2] - Andrew Peller Limited focuses on serving all wine consumers and produces premium personal winemaking products through its subsidiary, Global Vintners Inc. [2]

Core Points - Andrew Peller Limited announced the final voting results from its 2025 annual general meeting held on September 17, 2025, with 76.82% of the voting shares represented [1] - The company is a leading producer and marketer of quality wines and craft beverage alcohol products in Canada, with a portfolio of premium brands [2] Group 1: Election of Directors - Six nominees were elected as directors with high approval rates, including Brian J. Bidulka (99.72%), Daniel J. Cicerchi (99.80%), and Paul Dubkowski (99.72%) [2] - R. Bruce McDonald and W. James Westlake received 98.49% approval, while Chris Tsiofas received 98.73% [2] Group 2: Appointment of Auditors - PricewaterhouseCoopers LLP was reappointed as the auditor with 98.51% of votes in favor [2] Group 3: Company Overview - Andrew Peller Limited operates 101 independent retail locations in Ontario and is involved in the importation and marketing of premium wines globally [2] - The company also produces and markets personal winemaking products through its subsidiary, Global Vintners Inc. [2]

Core Insights - Andrew Peller Limited reported a 25% year-over-year increase in EBITA for the first quarter of fiscal 2026, driven by improved margins, profitability, and free cash flow [3][10] - The company achieved a gross margin of 42.4%, up from 38.4% in the previous year, attributed to lower costs and government support [7][8] - Net earnings for the quarter were $4.6 million, compared to a net loss of $0.4 million in the same period last year [13] Financial Performance - Revenue for the three months ended June 30, 2025, was $99.2 million, slightly down from $99.5 million in Q1 2025 [8] - Selling and administrative expenses as a percentage of revenue increased to 26.1% from 25.5%, primarily due to timing of expenditures [9] - Interest expense decreased by 14.8% compared to the prior year, reflecting lower average debt levels and interest rates [11] Operational Highlights - The company initiated the sale of non-core assets in British Columbia, completing the sale for proceeds of $1.3 million [14] - The Ontario Government's support program contributed $2.1 million to the company's financial performance in the first quarter [7] - The company continues to focus on cost savings programs, which have positively impacted margins and profitability [3][6]

Core Points - Andrew Peller Limited has announced a quarterly common share dividend of $0.0615 per Class A Share and $0.0535 per Class B Share, to be paid on October 10, 2025, to shareholders of record on September 30, 2025 [1] - The company has a long history of paying common share dividends since 1979 and currently designates all dividends as "eligible dividends" under the Income Tax Act (Canada) [1] Company Overview - Andrew Peller Limited is a leading producer and marketer of quality wines and craft spirits in Canada, with a portfolio of premium and ultra-premium brands including Peller Estates, Trius, and Wayne Gretzky [2] - The company operates 101 independent retail locations in Ontario under various store names and also imports premium wines from around the world through its subsidiaries [2] - The company focuses on serving all wine consumers and produces premium personal winemaking products through its subsidiary, Global Vintners Inc. [2]

Core Viewpoint - Andrew Peller Limited reported strong financial results for fiscal 2025, highlighting growth in revenue, gross margins, and net earnings, while adapting to changes in Ontario's distribution landscape and government support for the wine industry [3][5][8]. Financial Highlights - Revenue for the year ended March 31, 2025, was $389.6 million, an increase of 1.0% from $385.9 million in the prior year [5][8]. - Gross margin for the year was 42.8%, up from 39.0% in the previous year, driven by lower costs and the Ontario Grape Support Program [5][9]. - EBITA increased by 25.0% to $62.9 million for the year, compared to $50.3 million in fiscal 2024 [5][11]. - Net earnings for the year were $11.1 million ($0.26 per Class A Share), a significant improvement from a net loss of $2.9 million in the prior year [5][16]. Quarterly Performance - For the fourth quarter of fiscal 2025, revenue was $75.5 million, down 11.2% from $85.0 million in Q4 2024, primarily due to timing issues related to the Easter holiday and revenue recognition from the Ontario VQA Support Program [7][8]. - Gross margin for Q4 was 52.6%, compared to 41.8% in the same quarter of the previous year, largely due to the inclusion of support from the Ontario Grape Support Program [5][9]. - EBITA for Q4 increased by 46.0% to $13.5 million, up from $9.3 million in Q4 2024 [5][11]. - The net loss for Q4 improved to $0.7 million (loss of $0.02 per Class A Share), compared to a loss of $6.9 million in Q4 2024 [5][16]. Cost Management - Selling and administrative expenses as a percentage of revenue decreased to 34.7% for Q4 and 26.6% for the year, down from 42.1% and 28.4% respectively in the prior year [10]. - The company achieved $10.7 million in cost savings for the year, up from $9.3 million in 2024, through various cost-saving programs [9]. Market Dynamics - The increase in revenue was attributed to sales to big box stores, while retail store sales declined in the second half of the fiscal year due to new distribution guidelines in Ontario [8]. - The company noted a strong performance in sales to third-party restaurants and hospitality locations, although estate winery and wine club sales faced challenges due to reduced consumer spending [8]. Government Support - The company expressed support for recent Ontario government policies that benefit the grape and wine industry, viewing them as a key driver of economic growth [3].

Core Points - Andrew Peller Limited has announced a quarterly common share dividend of $0.0615 per Class A Share and $0.0535 per Class B Share, to be paid on July 11, 2025, to shareholders of record on June 30, 2025 [1] - The company has a long history of consistent dividend payments since 1979 and designates all dividends as "eligible dividends" under the Income Tax Act (Canada) [1] Company Overview - Andrew Peller Limited is a leading producer and marketer of quality wines and craft spirits in Canada, with a portfolio of premium and ultra-premium brands including Peller Estates, Trius, and Wayne Gretzky [2] - The company operates 101 independent retail locations in Ontario under various store names and also imports premium wines globally through its subsidiaries [2] - It produces and markets personal winemaking products through its subsidiary, Global Vintners Inc., which is recognized as a leader in this segment [2]

Company Overview - Andrew Peller Limited is one of Canada's leading producers and marketers of quality wines, spirits, and craft beverage alcohol products [1][3] - The company offers a range of premium and ultra-premium brands, including Vintners' Quality Alliance (VQA) brands such as Peller Estates, Trius, and Wayne Gretzky [3] - Andrew Peller Limited operates 101 independent retail locations in Ontario under various store names and also imports premium wines globally [3] Leadership Change - Renee Cauchi has been appointed as the Chief Financial Officer of Andrew Peller Limited [1] - Cauchi has been with the company since 2015, holding progressively senior finance positions and overseeing finance, treasury, and risk functions [2] - The CEO, Paul Dubkowski, expressed confidence in Cauchi's capabilities and her understanding of the business, emphasizing her role in shaping the company's growth strategy [3]