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The Becker Milk Company Limited: 2025 Annual Financial Results
TORONTO, July 17, 2025 (GLOBE NEWSWIRE) -- The Becker Milk Company Limited (the “Company&#...
About this update from Becker Milk Company Limited Class B
[{"type":"text","content":"The Becker Milk Company Limited: 2025 Annual Financial Results\n\n\n\n TORONTO, July 17, 2025 (GLOBE NEWSWIRE) -- The Becker Milk Company Limited (the “Company”) (TSX-BEK.B) is pleased to report the results for the year ended April 30, 2025.\n \n\n\n HIGHLIGHTS\n \n\n\n\n Total revenues for the year ended April 30, 2025, were $2,992,082 compared to $3,045,648 for the same period in 2024;\n \n\n The non-IFRS financial measure Net Operating Income for the year was $2,386,854 compared to $2,375,060 in 2024;\n \n\n Net income for the year was $1.57 per share, compared to net income of $0.07 per share in 2024.\n \n\n\n\n FINANCIAL HIGHLIGHTS\n \n\n\n Total revenue for the year ended April 30, 2025, improved $53,566 compared to the year ended April 30, 2024, a result of both higher property revenue and finance income.\n \n\n\n\n\n\n Year ended\n \n\n\n\n\n\n April 30\n \n\n\n\n\n\n\n\n 2025\n \n\n\n\n\n 2024\n \n\n\n\n\n Property revenue\n \n\n $2,834,413\n \n\n\n\n\n\n $2,792,736\n \n\n\n\n\n\n Finance income\n \n\n\n\n 157,669\n \n\n\n\n\n\n\n\n 252,912\n \n\n\n\n\n\n Total revenues\n \n\n $2,992,082\n \n\n\n\n\n\n $3,045,648\n \n\n\n\n\n\n Net income attributable to common and special shareholders\n \n\n $2,847,590\n \n\n\n\n\n\n $124,478\n \n\n\n\n\n\n Average common and special shares outstanding\n \n\n\n\n 1,808,360\n \n\n\n\n\n\n\n\n 1,808,360\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Income per share\n \n\n $1.57\n \n\n\n\n\n\n $0.07\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Components of the $2,723,112 improvement in net income for the year ended April 30, 2025 compared to the year ended April 30, 2024 were:\n \n\n\n\n\n Changes in Net Income - Year ended April 30, 2025\n \n\n\n\n\n\n compared to year ended April 30, 2024\n \n\n\n\n\n\n\n\n\n\n\n\n\n Provision for environmental liability\n \n\n\n\n\n\n Increase in the favourable fair value adjustment\n \n\n\n\n 3,231,103\n \n\n\n\n\n\n Decrease in current taxes\n \n\n\n\n 47,805\n \n\n\n\n\n\n Increase in net operating income\n \n\n\n\n 11,794\n \n\n\n\n\n\n Increase in administrative expenses\n \n\n\n\n (10,010)\n \n\n\n\n\n\n Increase in loss on disposal\n \n\n\n\n (27,883)\n \n\n\n\n\n\n Decrease in finance income\n \n\n\n\n (95,243)\n \n\n\n\n\n\n Increase in deferred tax charges\n \n\n\n\n (434,454)\n \n\n\n\n\n\n Increase in net income\n \n\n $2,723...