Diamond Estates Wines & Spirits : Q3 Y25 Financials

About this update from Diamond Estates Wines & Spirits, Inc.

DIAMOND ESTATES WINES & SPIRITS INC. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS THREE AND NINE MONTHS ENDED DECEMBER 31, 2025 AND 2024 (Stated in Canadian dollars) (Unaudited - Prepared by Management) These unaudited interim condensed consolidated financial statements, prepared by management, have not been reviewed by the Company's external auditor. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT DECEMBER 31, 2025 AND MARCH 31, 2025 ASSETS December 31 2025 March 31 2025 Current: Accounts receivable (Note 4) $ 4,074,929 $ 7,572,109 Inventories (Note 5) 15,656,037 15,164,887 Prepaid expenses 857,535 751,409 Mortgage receivable (Note 7) - 500,000 Current portion of finance lease receivable 60,860 58,363 Derivative asset (Note 11(f)) 185,736 - 20,835,097 24,046,768 Assets held for sale (Note 6) 4,407,049 4,012,449 Long term: 25,242,146 28,059,217 Finance lease receivable 132,412 178,375 Property, plant and equipment 16,837,753 17,318,072 Right-of-use ("ROU") assets 878,621 798,931 Intangible assets 4,716,373 4,861,775 $ 47,807,305 $ 51,216,370 LIABILITIES Current: Accounts payable and accrued liabilities (Note 8) $ 5,271,669 $ 5,786,910 Term loans payable (Note 9) 12,686,115 16,022,024 Current portion of lease liabilities 201,964 243,412 Debentures payable (Note 11) 4,354,492 4,394,263 Derivative liability (Note 11) - 725,734 22,514,240 27,172,343 Liabilities held for sale (Note 6) 829,254 880,835 Long term: 23,343,494 28,053,178 Lease liabilities 414,058 462,297 23,757,552 28,515,475 SHAREHOLDERS' EQUITY Common shares (Note 12) 54,216,785 53,813,367 Contributed surplus 4,817,170 4,086,095 Accumulated deficit (34,984,202) (35,198,567) 24,049,753 22,700,895 $ 47,807,305 $ 51,216,370 Going concern (Note 2(c)) Contingent liability (Note 18) Subsequent events (Note 20) (Stated in Canadian dollars) (Unaudited - Prepared by Management) undl-c-bsca The accompanying notes form an integral part of these unaudited interim condensed consolidated financial statements Approved on behalf of the Board: "Ron McEachern" Director "Keith Harris" Director INTERIM CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) THREE AND NINE MONTHS ENDED DECEMBER 31, 2025 AND 2024 (Stated in Canadian dollars, except per share amounts) (Unaudited - Prepared by Management) Three months ended Nine months ended Three months en...

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