Business
Nine Month Financial Results and Regular Dividend
TORONTO, ON / ACCESS Newswire / March 11, 2026 / The Becker Milk Company Limited (the "Company...
About this update from Becker Milk Company Limited Class B
[{"type":"text","content":"Nine Month Financial Results and Regular DividendTORONTO, ON / ACCESS Newswire / March 11, 2026 / The Becker Milk Company Limited (the \"Company\") (TSX:BEK.B) is pleased to report the results for the nine months ended January 31, 2026.HIGHLIGHTSTotal revenues for the nine months ended January 31, 2026, were $2,296,555 compared to $2,275,266 for the same period in 2025;The year-to-date non-GAAP financial measure Net Operating Income for Q3 fiscal 2026 was $1,851,281 compared to $1,844,195 in fiscal 2025;The year-to-date net income for Q3 fiscal 2026 was $0.64 per share, compared to $1.43 net income per share in Q3 fiscal 2025.Compensation from an expropriation claim against Metrolinx and from insurance recovery following a fire at an investment property have resulted in gains of $330.874 and $362,526 respectively.FINANCIAL HIGHLIGHTSTotal revenues for the nine months ended January 31, 2026, increased $21,289 compared to the nine months ended January 31, 2025, a result of increased property revenue partially offset by reduced finance income. Nine months ended January 31 2026 2025 Property revenue $2,211,626 $2,148,528 Finance income 84,929 126,738 Total revenues $2,296,555 $2,275,266 Net income attributable to common and special shareholders $1,154,048 $2,583,254 Average common and special shares outstanding 1,808,360 1,808,360 Income per share $0.64 $1.43 Components of the $1,429,206 decrease in net income for the nine months ended January 31, 2026 compared to the nine months ended January 31, 2025 are:Changes in Net Income - Nine months ended January 31, 2026compared to nine months ended January 31, 2025 Increase in gain on disposal $362,526 Proceeds of expropriation settlement 330,874 Decrease in deferred tax charges 239,509 Increase in net operating income 7,087 Decrease in finance income (41,809) Increase in administrative expenses (45,261) Increase in current taxes (146,687) Decrease in the fair value adjustment (2,135,443) Decrease in net income $(1,429,206) Investment property capitalization rates were unchanged during the nine months ended January 31, 2026. Compared to the nine months ended January 31, 2025, there was a $2,135,443 unfavourable change in the fair value adjustment to investment properties.Non-IFRS financial measuresNet operating incomeThe non-IFRS financial measure Net Operating Income for the nine months ...