Corby Spirit And Wine Limited Class ATSX: CSW.A

Q1 2026 Corby Factsheet (Corby Factsheet Q1 2026)

· Issued by Corby Spirit And Wine Limited Class A
Watch Corby Spirit And Wine Limited Class A explain itCorby Spirit and Wine Limited (CSW.A) Q3 2026 Earnings Call · Replay · May 15
‌TSX: CSW-A TSX: CSW-B

As of November 14, 2025

Shares Outstanding:

28.5m

Total Market Cap:

$409m

Q1 FY26 Quarterly Dividend Declared:

$0.23/share

(+5% vs. Q1 FY25)

Dividend Yield:

6.4%

#1

Canada's leading

publicly-listed spirits, wine and RTD company

#2

Corby's position in

the Canadian spirits market and Pernod Ricard's position worldwide

3

Three of the top ten

largest brands in Canada (by value)

Investor Fact Sheet

Corby Spirit and Wine Limited

Proudly Canadian Spirit, Proudly Agile

Corby is a leading Canadian manufacturer, marketer, distributor and innovator of spirits, wines, and ready-to-drink beverages. Founded in 1859, Corby owns a portfolio of iconic Canadian brands and represents leading international brands through its affiliation with Pernod Ricard S.A.

Why Invest in Corby?

Largest publicly-listed, multi-beverage alcohol company in Canada with the most

comprehensive & diverse portfolio in the industry

Close partnership with Pernod Ricard, a global industry leader, bringing strategic advantages, best practices, and operational and financial support to Corby

Clear strategic priorities to continue gaining value share, with Corby outpacing the spirits market in value for more than three years

Operational excellence in execution with a strong track-record of impactful innovations, unparalleled marketing capabilities and cost synergies through acquisitions

Financial consistency reflected in resilient revenue, healthy balance sheet, and strong cash flow generation supporting attractive and growing dividends

1 2 3 4 5

Corby beats the market

Corby has consistently outperformed the Canadian market in value for twelve consecutive quarters

M A R K E T C O R B Y

R121OTC Value Growth

+0.5%

-3.8%

SPIRITS

+4.3pts

vs. market

+25.8%

+13.0%

RTD

+12.8pts

vs. market

+7.5%

-2.5%

WINE

+10.0pts

vs. market

1. Rolling 12-month period ending September 30, 2025.

Source: ACD (Sep '25) - Retail $ Value including Duty Free. Retail sales data for Nude Beverages in Alberta is not provided by ACD in the reference period, and as such, has been excluded in above growth rates







‌Investor Fact Sheet

Our Strategy for Long-Term Sustainable Growth and Value

Grow portfolio sustainably at a faster rate than the overall spirits market

  • Supported by best-in-class brand activation and excellence in commercial execution

  • Impactful innovative launches to deliver roughly one-third of our annual revenue growth

  • Efficiency and effectiveness improvement in each $ invested in Advertising

Accelerate penetration in higher growth categories

  • Scale Cottage Springs outside of Ontario and continue to reignite Nude brands in RTD category

  • Expand our position into Western provinces and in the growing tequila category

Continue to grow value ahead of volume

  • Targeted price increase approach to protect margins, while adapting to the recent removal of minimum retail pricing in Ontario

  • Further enhance promotional efficiency using our internal AI-based tool to optimize spend and maximize ROI

Dynamic portfolio management

  • Explore strategic and accretive acquisition of brands competing in fast growing segments and opportunistic disposition of non-core assets in less attractive segments

Targeted expansion of export business to key markets

  • Focused approach with regional activations to embed J.P. Wiser's in local culture

  • Leverage the depth of J.P. Wiser's portfolio to answer consumer needs (rural vs. metro area)

Q1

FY25

Q1

FY26

%

change

Revenue

65.1

75.4

+16%

Adj. Earnings from Operations1

15.6

16.5

+6%

Adj. EBITDA1

19.5

20.3

+4%

Adj. Net Earnings1

10.2

11.0

+8%

Cash Flow from Operating Activities

3.7

5.6

+53%

Free Cash Flow

(3.3)

(2.0)

n/a

Net Cash / (Debt), end of period

(109.1)

(93.0)

-15%

FINANCIAL HIGHLIGHTS (in C$ millions)

1.4x

Net Debt / Adjusted EBITDA

55%

Dividend Payout

Ratio (Cash)2

  1. See "Non-IFRS Financial Measures" in Corby's Q1 FY26 MD&A

  2. Annualized dividends paid divided by Cash Flow from Operating Activities

CORPORATE INFORMATION

Executive Office

225 King Street West, Suite 1100 Toronto, ON M5V 3M2

(416) 479-2400

Investor Relations Inquiries investors.corby@pernod-ricard.com https://www.corby.ca

Shares

Corby's Voting Class A Common Shares and Non-Voting Class B Common Shares are traded on the Toronto Stock Exchange under the symbols CSW.A and CSW.B, respectively.

F O L L O W U S