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GRIMSBY, Ontario, June 16, 2026 (GLOBE NEWSWIRE) — Andrew Peller Limited (TSX: ADW.A / ADW.B) (“APL” or the “Company”) announced today results for the three and 12 months ended March 31, 2026. All amounts are expressed in Canadian dollars unless otherwise stated.
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FOURTH QUARTER 2026 HIGHLIGHTS
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- Revenue was $79.5 million, up from $75.5 million in Q4 2025;
- Gross margin of 52.2%, compared with 52.6% in the prior year;
- EBITA increased to $15.1 million from $13.5 million in Q4 2025; and
- Net earnings were $5.7 million ($0.14 per Class A Share), compared to a loss of $0.7 million (loss of $0.02 per Class A Share) in Q4 2025.
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FISCAL 2026 HIGHLIGHTS
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- Revenue was $393.0 million, up 0.9% from $389.6 million in the prior year;
- Gross margin of 45.1%, up from 42.8% in the prior year;
- EBITA grew by 14.7% to $72.1 million, from $62.9 million in 2025; and
- Net earnings increased to $27.1 million ($0.64 per Class A Share), from $11.1 million ($0.26 per Class A Share) in 2025.
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“We closed fiscal 2026 with a strong fourth quarter, reflecting continued share gains in our core wine business, solid performance in Western Canada and Ontario, and ongoing growth in our innovation portfolio,” said Paul Dubkowski, Chief Executive Officer. “Our focus on disciplined execution drove margin expansion, improved profitability and continued cash generation, further strengthening our balance sheet. Looking ahead, we remain well positioned to build on this momentum through targeted investments that support growth in both our core brands and emerging, higher-growth segments, while continuing to support a strong and growing domestic wine industry.”
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Financial Highlights
(Financial Statements and the Company’s Management Discussion and Analysis for the period can be obtained on the Company’s web site at ir.andrewpeller.com)
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| For the three months and year ended March 31, (in $000, except per share amounts) | Three months | Year | ||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||
| Revenue | $ 79,475 | $ 75,519 | $ 392,996 | $ 389,607 | ||||||||
| Gross margin(1) | 41,509 | 39,715 | 177,321 | 166,605 | ||||||||
| Gross margin (% of revenue) | 52.2 | % | 52.6 | % | 45.1 | % | 42.8 | % | ||||
| Selling and administrative expenses | 26,459 | 26,211 | 105,175 | 103,716 | ||||||||
| EBITA(1) | 15,050 | 13,504 | 72,146 | 62,889 | ||||||||
| Interest expense | 2,619 | 3,098 | 12,742 | 16,216 | ||||||||
| Net unrealized (gain) loss on derivative financial instruments | (672 | ) | 665 | (1,552 | ) | 1,840 | ||||||
| Other expenses, net | 407 | 635 | 1,120 | 3,480 | ||||||||
| Net earnings (loss) | 5,713 | (747 | ) | 27,120 | 11,115 | |||||||
| Earnings (loss) per share – Class A basic | $0.14 | $(0.02 | ) | $0.64 | $0.26 | |||||||
| Earnings (loss) per share – Class B basic | $0.11 | $(0.01 | ) | $0.55 | $0.23 | |||||||
| Dividend per share – Class A (annual) | $0.246 | $0.246 | ||||||||||
| Dividend per share – Class B (annual) | $0.214 | $0.214 | ||||||||||
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(1) Please refer to the Company’s MD&A concerning “Non-IFRS Measures”
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Financial Review
Revenue for the three months ended March 31, 2026 increased 5.2% compared to the fourth quarter of the prior year. The increase is primarily driven by strong sales to liquor boards and big box stores in Eastern Canada. In addition, the timing of the Easter holiday season relative to fiscal 2025 contributed positively to the fourth quarter fiscal 2026 results. This was partially offset by softness in the Company’s personal winemaking business.
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