Diamond Estates Wines & Spirits Reports Q3 2025 Financial Results

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[{"type":"text","content":"Niagara-on-the-Lake, Ontario--(Newsfile Corp. - February 20, 2025) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company") today announced its financial results of position for the three and nine months ended December 31, 2024 ("Q3 2025 and "YTD 2025" respectively).","length":337,"tagName":"p"},{"type":"text","content":"Q3 2025 Summary: ","length":16,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue for Q3 2025 was $6.4 million, a decrease of $0.9 million, from $7.3 million in Q3 2024. The Winery division experienced an increase in sales of $1.3 million while the Agency division experienced a decrease of $2.2 million. The increase in sales in the Winery division is largely attributable to the increase in sales in the wholesale channel, mostly from D'Ont Poke the Bear and $1.0 million from the VQA wine support program. The increase in sales is a direct result of the Ontario's government announcement to expand the marketplace to convenience, grocery and big-box stores. The decrease in the Agency division was primarily driven by the loss of a key supplier in the prior year in the amount of $2.1 million and the sale of the Western Canadian Agency business which has been offset by the acquisition of Perigon Beverage Group;","length":850,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":850,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Gross margin1 as a percentage of revenue was 57.5% for Q3 2025 compared to 26.3% in Q3 2024 and gross margin increased by $1.8 million from $1.9 million in Q3 2024 to $3.7 million for Q3 2025. The Winery division experienced an increase of $1.9 million while the Agency declined by $0.1 million. The gross margin in the Winery division increased from 30.5% in Q3 2024 to 57.1% in Q3 2025 as a result of the VQA Wine support program and general margin increases across most skus. The gross margin at the Agency increased from 19.9% in Q3 2024 to 61.9% in Q3 2025 due to the sale of the Western Canadian Agency and the increase in commission based sales compared to third party wines and spirits;","length":694,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":694,"olType":false},{"type":"list","items":[{"val":[{"type":"text","con...

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