TORONTO, ON / ACCESS Newswire / July 15, 2026 / The Becker Milk Company Limited (the "Company") (TSX:BEK.B) is pleased to report the results for the year ended April 30, 2026.
HIGHLIGHTS
Total revenues for the year ended April 30, 2026 were $3,024,699 compared to $2,992,082 for the same period in 2025;
The year-to-date non-GAAP financial measure Net Operating Income for Q4 fiscal 2026 was $2,414,045 compared to $2,386,854 in fiscal 2025;
The year-to-date net income for Q4 fiscal 2026 was $0.79 per share, compared to $1.57 net income per share in Q4 fiscal 2025.
Compensation from an expropriation claim against Metrolinx and from insurance recovery following a fire at an investment property have resulted in gains of $330.874 and $362,526 respectively.
FINANCIAL HIGHLIGHTS
Total revenues for the year ended April 30, 2026, increased $32,617 compared to the year ended April 30, 2025, a result of increased property revenue partially offset by reduced finance income.
Year ended | ||||||||
April 30 | ||||||||
2026 | 2025 | |||||||
Property revenue | $ | 2,915,474 | $ | 2,834,413 | ||||
Finance income | 109,225 | 157,669 | ||||||
Total revenues | $ | 3,024,699 | $ | 2,992,082 | ||||
Net income attributable to common | ||||||||
and special shareholders | $ | 1,420,886 | $ | 2,847,590 | ||||
Average common and special shares outstanding | 1,808,360 | 1,808,360 | ||||||
Income per share | $ | 0.79 | $ | 1.57 | ||||
Components of the $1,426,704 decrease in net income for the year ended April 30, 2026, compared to the year ended April 30, 2025, are:
Changes in Net Income - Year ended April 30, 2026 | ||||
Gain on insurance recovery | $ | 388,287 | ||
Proceeds of expropriation settlement | 330,874 | |||
Decrease in deferred tax charges | 218,804 | |||
Increase in net operating income | 27,191 | |||
Decrease in finance income | (48,444 | ) | ||
Increase in administrative expenses | (65,584 | ) | ||
Increase in current taxes | (87,767 | ) | ||
Decrease in the fair value adjustment | (2,190,065 | ) | ||
Decrease in net income | $ | (1,426,704 | ) |
There was no material change in investment property capitalization rates during the year ended April 30, 2026. Compared to the year ended April 30, 2025, there was a $2,190,065 unfavourable change in the fair value adjustment to investment properties.
Non-IFRS financial measures
Net operating income
The non-IFRS financial measure Net Operating Income for the year ended April 30, 2026 was $2,414,045, a $27,191 increase compared with the previous year.
Year ended | ||||||||
April 30 | ||||||||
2026 | 2025 | |||||||
Property revenue | $ | 2,915,474 | $ | 2,834,413 | ||||
Property operating expenses | (501,429 | ) | (447,559 | ) | ||||
Net operating income | $ | 2,414,045 | $ | 2,386,854 |
Funds from operations and adjusted funds from operations
For the year ended April 30, 2026, the Company recorded Adjusted funds from operations of $764,107 ($0.42 per share) compared to $705,034 ($0.39 per share) in 2025.