Business
Diamond Estates Wines & Spirits Inc. Announces Q3 2026 Financial Results
Niagara-on-the-Lake, Ontario--(Newsfile Corp. - February 25, 2026) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") today announced its financial results and position for the three and nine months ended December 31, 2025 ("Q3 2026").Q3 2026 SummaryRevenue for Q3 2026 was $8.2 million, an increase of $1.8 million from $6.4 million in Q3 2025. The Winery division experienced an increase in sales of $1.9 million driven by continued growth in grocery,...
About this update from Diamond Estates Wines & Spirits, Inc.
[{"type":"text","content":"Niagara-on-the-Lake, Ontario--(Newsfile Corp. - February 25, 2026) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") today announced its financial results and position for the three and nine months ended December 31, 2025 ("Q3 2026").","length":311,"tagName":"p"},{"type":"text","content":"Q3 2026 Summary","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue for Q3 2026 was $8.2 million, an increase of $1.8 million from $6.4 million in Q3 2025. The Winery division experienced an increase in sales of $1.9 million driven by continued growth in grocery, convenience and big-box channels, as well as enhancements to the VQA Support Program. The Agency division experienced a decrease of $0.1 million, primarily driven by consignment sales.","length":388,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross margin¹ for Q3 2026 was $4.9 million, an increase of $1.2 million, from $3.7 million in Q3 2025. Gross margin as a percentage of revenue grew to 59.8% compared to 57.5% in the prior year, driven primarily by improved Winery division performance and government support programs. Q3 2026 did not include any Wine Sector Support Program rebates. Q3 2025 included $0.6 million of rebates received in that year, affecting the comparability of gross margins in Q3 2026 on a year-over-year basis due to timing.","length":509,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"SG&A expenses increased by $1.2 million to $4.3 million in Q3 2026 from $3.1 million in Q3 2025, primarily due to VQA support payments to Generations related to the D'Ont Poke the Bear licensing agreement (50% of VQA rebates payable through May 2029; recorded as commission expense), in addition to higher advertising, promotional, and compliance costs.","length":361,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA¹ increased by $0.1 million to $0.7 million in Q3 2026 from $0.6 million in Q3 2025, reflecting improved Winery margins partially offset by higher SG&A. This improvement was achieved despite the prior year Wine Sector Support Program payment recognized in Q3 2025. EBITDA¹ decreased by $0.7 million to $0.7 million in Q3 2026 from $1.4 million in Q3 2025, driven by Perigon contingent co...