Business
Diamond Estates Wines & Spirits Reports Q2 2026 Financial Results
Niagara-on-the-Lake, Ontario--(Newsfile Corp. - November 20, 2025) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") today announced its financial results of position for the six months ended September 30th, 2025 ("Q2 2026"). Q2 2026 Summary:Revenue for Q2 2026 was $8.5 million, an increase of $0.8 million from $7.7 million in Q2 2025. The Winery division experienced an increase in sales of $0.9 million driven by grocery and big-box stores as well as changes
About this update from Diamond Estates Wines & Spirits, Inc.
[{"type":"text","content":"Niagara-on-the-Lake, Ontario--(Newsfile Corp. - November 20, 2025) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") today announced its financial results of position for the six months ended September 30th, 2025 ("Q2 2026").","length":307,"tagName":"p"},{"type":"text","content":"Q2 2026 Summary:","length":16,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue for Q2 2026 was $8.5 million, an increase of $0.8 million from $7.7 million in Q2 2025. The Winery division experienced an increase in sales of $0.9 million driven by grocery and big-box stores as well as changes to the VQA support program. The organic growth of the winery division is lapping a very strong Q2 a year ago due to the LCBO strike and the expansion of the retail channel. The Agency division experienced a decrease of $0.1 million primarily driven by the sale of Western Canada agency operations to Renaissance which has been partly offset by the acquisition of Perigon Beverage Group.","length":607,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin1 for Q2 2026 was $5.9 million, an increase of $1.7 million, from $4.2 million in Q2 2025. Gross margin as a percentage of revenue grew to 69.8% for Q2 2026 compared to 53.8% in Q2 2025. The change in gross margin came from the Winery division experiencing an increase of $1.7 million while the Agency division remained flat. The gross margin improvement in the Winery division was driven by the increase in sales volumes in the grocery and convenience channels as well as enhancements in the VQA and Wine Sector Support programs.","length":547,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA1 increased by $1.3 million to $1.8 million in Q2 2026 from $0.5 million in Q2 2025. The Adjusted EBITDA1 increase is attributed to improving gross margins in the Winery division offset by an overall increase in SG&A expenses of $0.4 million compared to the prior year.","length":288,"tagName":"p"}]},{"val":[{"type":"text","content":"EBITDA1 decreased by $0.1 million to $0.9 million in Q2 2026 from $1.0 million in Q2 2025. The year-over-year variance between EBITDA and Adjusted EBITDA primarily reflects non-operational items in the prior year related to the gain on sale of the Western Can...