Diamond Estates Wines & Spirits Reports Q1 2026 Financial Results

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

Niagara-on-the-Lake, Ontario--(Newsfile Corp. - August 27, 2025) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company") today announced its financial results of position for the three months ended June 30, 2025 (Q1 2026). Q1 2026 Summary: Subsequent Events: President's Message: "Q1 2026 was the strongest performing quarter since Q3 2018, highlighting the meaningful progress we have made in strengthening our business. With our turnaround continuing to progress, we remain focused on executing our growth initiatives. Our strong positioning in the Grocery channel has allowed us to benefit disproportionately from the recent retail expansion, and that same success is now carrying into the emerging Convenience channel. The industry retail changes, together with enhanced government support, have created meaningful opportunities for our VQA portfolio, where consumer interest in Canadian wines continues to strengthen. We are also pleased with the integration of the D'Ont Poke the Bear brand and the Perigon Beverage Group sales agency, both of which align with our strategy of building a stronger, more diversified platform. These initiatives, along with our disciplined sales execution, position the Company to deliver ongoing value to our stakeholders," said Andrew Howard, President and CEO. CFO Transition "I am truly excited to be joining Diamond Estates at such a pivotal time in its turnaround journey. The Company has already demonstrated strong momentum through disciplined execution, channel expansion, and renewed consumer enthusiasm for Canadian wines. My focus as Chief Financial Officer will be to build on this foundation-strengthening our financial disciplines, supporting sustainable growth, and helping the team execute on our long-term strategy. "It is a privilege to join such a passionate and committed organization, and I look forward to working with the team to deliver ongoing value to our shareholders and stakeholders." - Basman Alias, CFO About Diamond Estates Wines and Spirits Inc. Diamond Estates Wines and Spirits Inc. is a producer of high-quality wines and ciders as well as a sales agent for over 120 beverage alcohol brands across Canada. The Company operates four production facilities, three in Ontario and one in British Columbia, that produce predominan...

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