BMO Launches 2025 BMO Celebrating Women Grant Program to Advance Real Financial Progress for Women-Led Businesses Français
Applications open until August 19, 2025.
TORONTO, Aug. 11, 2025 /CNW/ -BMO, in collaboration with Deloitte Canada, today announced the launch of its fifth annual BMO Celebrating Women Grant Program, an initiative dedicated to supporting real financial progress for women-owned businesses.
BMO is pledging a total of $100,000 for ten Canadian women-owned businesses that can demonstrate how they are addressing at least two of the United Nations Sustainable Development Goals (UN SDG). Each grant recipient will be awarded $10,000, receive support from a BMO business advisor, and have access to additional resources to support their business' financial progress. This includes BMO for Women workshops, seminars and events, potential membership in select organizations and/or advisory boards, a profile on bmoforwomen.com, and a BMO Celebrating Women Grant Program recipient social badge.
Applications are open until August 19, 2025. Grant recipients will be announced in the fall of 2025.
"Women-owned businesses have tremendous potential to drive innovation, create jobs, and build a more resilient and thriving economy – but too often, they face barriers to accessing the investment and resources they need to grow," said Sharon Haward-Laird, Group Head, Canadian Commercial Banking and North American Shared Services, Executive Sponsor of BMO for Women. "The BMO Celebrating Women Grant Program helps bridge those gaps by providing targeted financial support and expert guidance, enabling women entrepreneurs to achieve real financial progress and build lasting impact."
"Women entrepreneurs are critical drivers of innovation and economic growth, yet they continue to face unique barriers accessing capital, networks, and mentorship" said Emmy Babalola, Partner, Deloitte Canada "Deloitte is thrilled to continue our support of The BMO Celebrating Women Grant Program, which gives women entrepreneurs the foundation they need to develop their ideas into sustainable, impactful businesses that drive economic growth and community empowerment."
Inspired by BMO's Purpose, to Boldly Grow the Good in business and life, and the bank's commitment to double support for women-owned businesses, the BMO Celebrating Women Grant Program was created in 2020. Within five years, the program has expanded to reach a diverse range of sectors and industries. It has supported women-owned businesses across North America, providing over $750,000 to the program's grant recipients and connecting them to business advisors and a vibrant professional network.
BMO has a longstanding commitment to breaking down barriers to advance women's empowerment, advocate for their growth, and foster inclusivity within the market by meeting their unique needs. Notable initiatives include:
A commitment to increase the number of women-owned businesses supported across the bank's Canadian footprint. As of 2023, BMO supported more than 146,000 women-owned businesses in Canada, with more than $10 billion in loans.
Established customer programs including BMO for Women, which focuses on supporting the growth of women-owned businesses, and empowering women to feel confident about their finances and financial futures.
Collaborated with 1871 to develop the WMNfintech program. Since 2020, WMNfintech has been building the most powerful ecosystem in fintech with tailored sponsorship, resources and market insights that have helped raise $50 million in capital and create over 200 jobs, contributing to economic growth and inclusive innovation across North America.
To learn more about the BMO Celebrating Women Grant Program, visit www.bmoforwomen.com.
About BMO for Women
Officially launched in 2016, the BMO for Women program is dedicated to empowering women in business through tailored resources, community building and improved access to capital. In addition to the BMO Celebrating Women Grant Program, this program oversees a nationwide group of Advocates – Commercial and Business Banking Relationship Managers trained and committed to working with women business owners and entrepreneurs. This team is augmented further through partnerships with key organizations such as the Women Presidents Organization, GroYourBiz, Women Business Enterprises, and Women Get On Board.
About BMO Financial Group
BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
Tariffs costs pushing many Manitoba small businesses to edge: CFIB survey
More than one-third of Manitoba small businesses are at risk of closure over the next year if nothing changes in the United States-Canada trade war, the Canadian Federation of Independent Business is warning. The national organization launched a still-active survey Aug. 8. Preliminary results show, of the 1,721 Canadian respondents, 62 per cent are seeing tariff-related higher expenses. Eighty-five Manitoba businesses had participated by the CFIB's Wednesday release. Twelve per cent said their business couldn't sustain the increased tariff costs past six months. Canada and the U.S. have placed a slew of tariffs on each other's imports. Among them are 25 per cent levies on $59.8 billion worth of U.S. goods entering Canada. The move came in retaliation to American tariffs. 'It's exceptionally hard for small businesses who don't really have the capacity to absorb some of these increased costs,' said Brianna Solberg, CFIB director of legislative affairs for the Prairies and northern Canada. Another 23 per cent of Manitoba respondents said they couldn't sustain business past a year with current tariff increases. Some CFIB members have raised their own prices, Solberg said. 'That makes things really tough … consumer demand is already low,' she added, noting many have delayed expansion plans. Retailers including Milieu Market and Northlore have shifted from American suppliers as product costs rise. Others, like robotics company Eascan Automation, have laid off staff. Layoffs in Canada's manufacturing sector have been 'substantive,' said Ryan Greer, senior vice-president of public affairs and national policy for the Canadian Manufacturers & Exporters. He's counted 40,000 Canadian manufacturing jobs lost since January. Most stem from auto production hubs in Ontario and Quebec, but Manitoba hasn't been immune, he said. Businesses are crippled by U.S. tariffs and by uncertainty leading to less consumer demand. Government programs are available, but they can't fully offset trade done with the United States, Greer relayed. 'This is a real lose-lose proposition,' he said, noting American manufacturers are also seeing declined production. 'We are very hopeful that Canada and the U.S. can reach a good deal.' Ottawa has drawn more than $1 billion in tariff revenue from import duties. The money should be funnelled to impacted small businesses, Solberg argued. Per the CFIB's preliminary findings, almost all Manitoba businesses are affected by the ongoing trade war. Eighteen per cent of the 85 respondents directly export to the United States; 44 per cent import from the country. Most buy from Canadian suppliers who source from the U.S., Solberg relayed. The end of a rule allowing low-cost packages to cross into the U.S. duty-free — called the de minimis exemption — looms on Aug. 29. It could be a 'huge blow' for Manitoba businesses, Solberg said. Twenty per cent of the CFIB's Manitoba respondents said they'd be directly impacted by the de minimis exemption's pause. Another eight per cent reported they'd be indirectly hurt. The online survey is conducted with CFIB members. Since the survey was not conducted with a random sample, no margin of error can be ascribed to the results. Gabrielle PichéReporter Gabrielle Piché reports on business for the Free Press. She interned at the Free Press and worked for its sister outlet, Canstar Community News, before entering the business beat in 2021. Read more about Gabrielle. Every piece of reporting Gabrielle produces is reviewed by an editing team before it is posted online or published in print — part of the Free Press's tradition, since 1872, of producing reliable independent journalism. Read more about Free Press's history and mandate, and learn how our newsroom operates. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
CTV News
2 hours ago
- CTV News
One in five small businesses dealing with tariffs won't last more than six months if nothing changes, says survey
A new survey says one in five small Canadian businesses dealing with tariff costs won't last more than six months if the status-quo lingers on. The survey of Canadian Federation of Independent Business members shows 62 per cent of businesses are facing higher expenses, 48 per cent are seeing lower revenues, 41 per cent are experiencing supply chain disruptions, and 41 per cent are pausing investments. ADVERTISEMENT Additionally, 19 per cent of small businesses dealing with extra tariff costs report they won't be able to last more than six months if the tariff situation remains, with 38 per cent saying they would last less than a year. 'At the end of the day many of these small businesses have been trying to absorb these added costs, but frankly they're running out of runway,' said Ducan Robertson, the federation's director of legislative affairs in Nova Scotia. The federation is calling for the federal government to take retaliatory tariffs collected at the border and return it to businesses feeling the most impact. 'That could be in the form of reducing the federal small business tax rate to zero per cent, temporarily,' said Robertson. 'It could be a rebate sent to small businesses, similar to what happened during the carbon tax.' The federation said its online survey has been active since Aug. 8, with 1,721 respondents. For comparison purposes, a probability sample with the same number of respondents would have a margin of error of at most +/- 2.36 per cent, 19 times out of 20. For more New Brunswick news, visit our dedicated provincial page.
Cision Canada
3 hours ago
- Cision Canada
Corby Spirit and Wine Limited reports strong Q4 and full-year fiscal 2025 results, and announces dividend of $0.23 per share.
TORONTO, Aug. 20, 2025 /CNW/ - Corby Spirit and Wine Limited ("Corby" or the "Company") (TSX: CSW.A) (TSX: CSW.B), a leading Canadian manufacturer, marketer and importer of spirits, wines and ready-to-drink cocktails ("RTDs"), today announced its financial results for the fiscal fourth quarter ("Q4") and full-year 2025 ("FY25") periods ended June 30, 2025. Strong Q4 performance reflecting sales execution excellence across our portfolio and continued RTD business expansion, leading to robust full year FY25 results through sustained share gains in an evolving market Q4 Revenue of $72.0 million (+8% reported year-over-year, +6% organic) FY25 Revenue of $246.8 million (+7% reported, +2% organic) Q4 Adjusted EBITDA 1 of $15.6 million (+18%) FY25 Adjusted EBITDA 1 of $64.0 million (+7%) Q4 Adjusted Net Earnings 1 of $7.5 million (+37%) (Reported +30%) FY25 Adjusted Net Earnings 1 of $30.6 million (+7%) (Reported +15%) Solid Balance Sheet and strong Cash Flow generation in FY25 Quarterly Dividend declared of $0.23 per share FINANCIAL RESULTS Q4 FY25 results: Revenue for the fourth quarter of fiscal 2025 was $72.0 million, increasing by $5.5 million or 8% compared to the same period last year, with owned and represented spirits benefiting from strong shelf prominence as a result of sales execution excellence, provincial trade measures, and the full-period inclusion of the Nude brands acquired in May 2024. Organic revenue 1, which excludes the impact of the acquisitions and dispositions completed in the last twelve months, was $70.6 million during the quarter, reflecting strong growth of $4.1 million or 6% compared to the prior year period. Marketing, sales and administrative expenses decreased $0.4 million, or 2% year-over-year to $23.7 million, reflecting continued diligence in overhead management and realized organizational efficiency. The robust revenue growth and Corby's diligent cost management supported Adjusted EBITDA 1 increasing by 18% year-over-year to $15.6 million. In addition, Adjusted Net Earnings 1 for Q4 FY25 of $7.5 million reflected a substantial improvement of 37% year-over-year, while reported Net Earnings 1 increased by 30% to $6.2 million. Full-year FY25 results: Revenue for fiscal 2025 was $246.8 million, increasing by $17.1 million or 7% compared to fiscal 2024, reflecting the full-year contribution of the Nude Brands and steady organic revenue growth. Organic revenue 1 reached $233.5 million, with growth of 2% versus the prior year, demonstrating resilience and strength while navigating a volatile market: Domestic case goods revenue of $184.1 million, increasing by 1% in a softer spirits market, with Corby leveraging its fast-growing RTD portfolio to capitalize on the retail modernization opportunity in Ontario; offsetting the adverse impacts of labour strikes at the LCBO, ports, and railways during the first half of fiscal 2025; Commissions sales reached $30.6 million, reflecting growth of 15%, led by imported RTDs and wines capitalizing on the route-to-market ("RTM") modernization in Ontario; and Export revenue of $14.9 million, a decline of 12% year-over-year, lapping the pipeline fill to new markets last year combined with an unfavourable phasing of shipments to the US. Marketing, sales and administrative expenses increased by $1.8 million, or 2% to $77.0 million in FY25, primarily reflecting the full-year effect of marketing investments and overheads related to the acquisition of Nude brands. Domestic investments lapped sponsorship and media campaign events from last year, while Corby invested further to support strategic brands including J.P. Wiser's through a new NHL multi-year partnership and Polar Ice vodka to sustain its strong commercial momentum. An ongoing focus on operational efficiency led to overall expenses increasing at a slower rate than revenue. Adjusted EBITDA 1 totaled $64.0 million in FY25, increasing by 7% versus the same period last year. Corby delivered reported net earnings of $27.4 million and Adjusted Net Earnings 1 of $30.6 million in FY25, increasing by 15% and 7% year-over-year, respectively. The Company generated strong cash flow during FY25, with Cash Flow from Operating Activities of $44.8 million, an increase of $13.3 million or 42% year-over-year. Corby closed FY25 with a healthy balance sheet and its Net Debt / Adjusted EBITDA 1 ratio at 1.4x at fiscal year-end. Corby delivered a dividend payout ratio 1 of 57% for the full year, highlighting the sustainability of the Company's quarterly dividend and sound financial policy. Corby's President and Chief Executive Officer, Nicolas Krantz, stated, "I am incredibly proud of Corby's business performance for the fourth quarter leading to a record-high revenue in full year of fiscal 2025, with value shares gains in the Canadian spirits market for the third year in a row. In a volatile market environment, the strong performance highlights the effectiveness of our portfolio prioritization strategy, and Corby's continued excellence in sales execution. Our recent acquisitions in the RTD segment have yielded strong results and have supported our ability to grow rapidly to align with evolving consumer preferences and newly opened retail channels. This translated into strong financial results throughout the year, including growth in revenue and profitability as well as robust cash flow generation. Looking ahead, I'm confident in our ability to sustain commercial momentum in a shifting market by leveraging our core strengths and portfolio breadth. Our focus remains on outperforming the wider Spirits and RTD categories in fiscal 2026. This will be achieved through disciplined execution of strategic priorities across our spirits brands, continuing the strong momentum of our RTD portfolio, and leveraging digital tools to aid in optimizing return on investment on advertising and promotion, pricing strategy, and sales execution. Concurrently, we will continue to maintain a balanced capital allocation strategy, capitalizing on strategic growth opportunities while maintaining financial flexibility and returning capital to our shareholders through our attractive quarterly distribution. I am confident that we have the teams and capabilities to continue proactively navigating challenges and capitalizing on emerging opportunities and we look forward to building on our strong track-record of performance to drive additional long-term shareholder value." For further details, please refer to Corby's Management's Discussion and Analysis and consolidated financial statements and accompanying notes for the three-months and year-ended June 30, 2025, prepared in accordance with International Financial Reporting Standards, available on and In Q4 FY25, Corby delivered standout performance in a market that continued to face headwinds. While the overall spirits category declined 5% in value relative to the comparable period last year, Corby's over-the-counter spirits sales grew 4%, driven by strong sales execution across both owned and represented brands to increase presence on shelf following the removal of US-origin spirits in key provinces. Meanwhile, Corby RTDs surged 22% in Q4 FY25 compared to the prior year period, outperforming the overall RTD category, which grew 9% in value, in a landscape shaped by shifting consumer preferences and expanding RTD distribution points in Ontario. In the full-year FY25, the overall spirits market also declined 5% in value, notably impacted by the LCBO labour strike in July 2024 and reduced purchasing patterns observed as a result of the new channel expansion in Ontario. The RTD category was also impacted by the strike during the first fiscal quarter but benefited from the subsequent RTM modernization in Ontario and remained the fastest growing category overall in the last twelve months, increasing by 7% in value. In that context, Corby's total represented spirits (including PR spirits) have outperformed the Canadian spirits market in value for three fiscal years in a row. In the full-year FY25, Corby spirits demonstrated resilience, declining by only 2% year-over-year, and Corby RTDs (excl. Nude) were dynamic, increasing 10% year-over-year, both outpacing the market in value growth. This outperformance reflects Corby's ability to successfully navigate the LCBO labour strike in July 2024 and Ontario retail modernization changes thanks to a diversified product portfolio and local brand strength, along with successful new product launches. On July 17, 2024, Pernod Ricard announced the sale of its international strategic wine brands to Australian Wine Holdco Limited, which closed effective April 30, 2025. The transaction includes the sale of a wide portfolio of international wine brands owned and produced by Pernod Ricard Winemakers from three origins including Jacob's Creek ® from Australia; Stoneleigh ®, Brancott Estate ® from New Zealand; and Campo Viejo ® from Spain. As a result of this transaction, Corby has continued to represent these brands in Canada during a transition period ending August 31, 2025 under the same terms as those contained in the Pernod Ricard Representation agreement. During fiscal 2025, these wine brands collectively represented 2% of Corby's revenue. Discussions with the new owner to continue the representation and distribution of the acquired wine brands in Canada beyond the end of the transition period are progressing positively. QUARTERLY DIVIDEND The Corby Board of Directors is pleased to declare a dividend of $0.23 per Voting Class A Common Share and Non-Voting Class B Common Share of the Company, consistent with the amount of the last dividend payment. This dividend is payable on September 26, 2025 to shareholders of record as at the close of business on September 10, 2025. QUARTERLY CONFERENCE CALL Corby management will host a conference call on Thursday, August 21, 2025, at 9:00 a.m. (EST) to review and discuss the financial and operational results for the Q4 and FY25 periods. Corby welcomes stakeholders, investors, and other individual followers to access the conference call by dialing 416-764-8659 or toll free 1-888-664-6392 before the start of the call, or by joining via webcast at Corby FY25 Year End Earnings Call. Following the conclusion of the call, a playback of the conference call will be available for 30 days by calling 416-764-8677 or 1-888-390-0541 and entering passcode 474210 #. A replay of the webcast will also be posted on Corby's website under the "Investors" section at 1) NON-IFRS FINANCIAL MEASURES & RATIOS In addition to using financial measures prescribed under IFRS, references are made in this news release to "Adjusted Earnings from Operations", "Adjusted Net Earnings", "Adjusted Basic Earnings per Share", "Adjusted Diluted Earnings per Share", "Total Debt", "Net Debt", "Organic Revenue" and "Adjusted EBITDA" which are non-IFRS financial measures. Non-IFRS financial measures and ratios do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. Management believes the non-IFRS measures included in this news release are important supplemental measures of operating performance and highlight trends in the core business that may not otherwise be apparent when relying solely on IFRS financial measures. Management believes that these measures allow for assessment of the Company's operating performance and financial condition on a basis that is more consistent and comparable between reporting periods. Adjusted Earnings from Operations is equal to earnings from operations before interest and taxes for the period adjusted to remove the costs incurred for business combination inventory fair value adjustments, restructuring provisions and portfolio rationalization costs; and in FY24, adjusted to remove the costs incurred for business combination inventory fair value adjustments, one-time termination fees related to distributor transitions, restructuring provisions and the transaction costs related to the acquisition of ABG and Nude assets. Adjusted EBITDA refers to Adjusted Earnings from Operations adjusted to remove amortization and depreciation disclosed in Corby's financial statements. Adjusted Net Earnings is equal to net earnings for the period adjusted to remove the costs incurred for business combination inventory fair value adjustments, restructuring provisions, portfolio rationalization costs and the notional interest charges related to NCI obligation, net of tax calculated using the effective tax rate; and in FY24, adjusted to remove the costs incurred for business combination inventory fair value adjustments, one-time termination fees related to distributor transitions, restructuring provisions, the transaction costs related to the acquisition of ABG and Nude assets and the notional interest charges related to NCI obligation, net of tax calculated using the effective tax rate. Adjusted Basic Net Earnings Per Share is computed in the same way as basic net earnings per share and diluted net earnings per share, respectively, using the aforementioned Adjusted Net Earnings non-IFRS financial measure in place of reported Net Earnings. Adjusted Diluted Earnings Per Share is computed in the same way as basic net earnings per share and diluted net earnings per share, respectively, using the aforementioned Adjusted Net Earnings non-IFRS financial measure in place of reported Net Earnings. The following table presents a reconciliation of Adjusted Earnings from Operations, Adjusted EBITDA and Adjusted Net Earnings to their most directly comparable financial measures for the three-months and year ended June 30, 2025, and 2024: Three months ended Year ended June 30, June 30, June 30, June 30, (in millions of Canadian dollars) 2025 2024 $ Change % Change 2025 2024 $ Change % Change Earnings from operations $ 10.4 8.7 $ 1.7 20 % $ 46.1 40.7 $ 5.4 13 % Adjustments: Transaction related costs 1 - 0.6 (0.6) (100 %) - 1.2 (1.2) (100 %) Portfolio rationalization costs 2 0.8 - 0.8 n.a. 0.8 - 0.8 n.a. Restructuring costs 3 0.3 (0.3) 0.5 (197 %) 0.3 (0.3) 0.5 (197 %) Fair value adjustment to inventory 4 - 0.2 (0.2) (100 %) 0.6 3.2 (2.6) (81 %) Distributor transition 5 - - - n.a. - (0.3) 0.3 (100 %) Adjusted Earnings from operations $ 11.5 9.2 $ 2.3 25 % $ 47.8 44.6 $ 3.2 7 % Adjusted for Depreciation and amortization 4.1 4.1 0.0 1 % 16.3 15.4 0.8 5 % Adjusted EBITDA $ 15.6 13.3 $ 2.3 18 % $ 64.0 60.0 $ 4.0 7 % Net earnings $ 6.2 $ 4.8 $ 1.4 30 % $ 27.4 23.9 $ 3.5 15 % Adjustments: Transaction related costs 1 - 0.3 (0.3) (100 %) - 0.9 (0.9) (100 %) Portfolio rationalization costs 2 0.6 - 0.6 n.a. 0.6 - 0.6 n.a. Restructuring costs 3 0.2 (0.3) 0.4 (171 %) 0.2 (0.3) 0.4 (171 %) Fair value adjustment to inventory 4 - 0.1 (0.1) (100 %) 0.4 2.4 (1.9) (81 %) Distributor transition 5 - - - n.a. - (0.2) 0.2 (100 %) NCI Obligation 6 0.5 0.5 0.1 12 % 2.0 1.8 0.2 12 % Adjusted Net earnings $ 7.5 $ 5.4 $ 2.0 37 % $ 30.6 28.5 $ 2.1 7 % Three months ended Year ended June 30, June 30, June 30, June 30, (in Canadian dollars) 2025 2024 $ Change % Change 2025 2024 $ Change % Change Per common share - Basic net earnings $ 0.22 0.17 $ 0.05 30 % $ 0.96 0.84 $ 0.12 15 % - Diluted net earnings $ 0.22 0.17 $ 0.05 30 % $ 0.96 0.84 $ 0.12 15 % Basic net earnings per share $ 0.22 0.17 $ 0.05 30 % $ 0.96 0.84 $ 0.12 15 % Adjustments: Transaction related costs 1 - 0.01 (0.01) (100 %) - 0.03 (0.03) (100 %) Portfolio rationalization costs 2 0.02 - 0.02 n.a. 0.02 - 0.02 n.a. Restructuring costs 3 0.01 (0.01) 0.02 (171 %) 0.01 (0.01) 0.02 (171 %) Fair value adjustment to inventory 4 - 0.00 (0.00) (100 %) 0.02 0.08 (0.07) (81 %) Distributor transition 5 - - - n.a. - (0.01) 0.01 (100 %) NCI Obligation 6 0.02 0.02 0.00 12 % 0.07 0.06 0.01 12 % Adjusted Basic, net earnings per share $ 0.26 0.19 $ 0.07 37 % $ 1.08 1.00 $ 0.07 7 % Dilluted net earnings per share $ 0.22 0.17 $ 0.05 30 % $ 0.96 0.84 $ 0.12 15 % Adjustments: Transaction related costs 1 - 0.01 (0.01) (100 %) - 0.03 (0.03) (100 %) Portfolio rationalization costs 2 0.02 - 0.02 n.a. 0.02 - 0.02 n.a. Restructuring costs 3 0.01 (0.01) 0.02 (171 %) 0.01 (0.01) 0.02 (171 %) Fair value adjustment to inventory 4 - 0.00 (0.00) (100 %) 0.02 0.08 (0.07) (81 %) Distributor transition 5 - - - n.a. - (0.01) 0.01 (100 %) NCI Obligation 6 0.02 0.02 0.00 12 % 0.07 0.06 0.01 12 % Adjusted Diluted, net earnings per share $ 0.26 0.19 $ 0.07 37 % $ 1.08 $ 1.00 $ 0.07 7 % Organic revenue growth is measured as the difference between revenue excluding case goods revenue from acquired or disposed brands compared to revenue in the preceding fiscal period during which the acquisition or disposal had not yet occurred. For fiscal year 2025, organic revenue excludes revenue from Nude Beverages from July 2024 to April 2025 since the comparative period did not have revenues prior to the acquisition in May 2024. The following table presents a reconciliation of total organic revenue and organic case goods revenue to their most directly comparable financial measures for the three-months and year ended June 30, 2025, and 2024: Year ended Jun 30, June 30, Organic Growth (in millions of Canadian dollars) 2025 2024 Revenue Streams: Consolidated Adjusted for revenue from acquired or disposed entities Organic Consolidated $ Change % Change Domestic case goods revenue $ 197.3 (13.3) $ 184.1 $ 181.8 $ 2.3 1 % Export case goods revenue 14.9 - 14.9 17.0 (2.0) (12 %) Total commissions 30.6 - 30.6 26.6 4.0 15 % Other services 3.9 - 3.9 4.3 (0.4) (9 %) Total Revenue $ 246.8 (13.3) $ 233.5 $ 229.7 $ 3.9 2 % Total Debt refers to debt of the Company, which includes bank indebtedness and credit facilities payable, lease liabilities and long-term debt. Net Debt refers to the cash and deposits in cash management pools of the Company, less bank indebtedness and credit facilities payable and long-term debt. The following table presents a reconciliation of total debt and net debt to their most directly comparable financial measures as at June 30, 2025 and 2024: June 30, June 30, (in millions of Canadian dollars) 2025 2024 Bank indebtedness $ (3.5) $ - Credit facilities payable (1.5) (17.8) Lease liabilities (3.6) (3.0) Long-term debt (102.0) (120.0) Total debt $ (110.6) $ (140.8) Cash $ 0.2 $ 4.6 Deposits in cash management pools $ 15.8 $ 27.4 Bank indebtedness (3.5) - Credit facilities payable (1.5) (17.8) Long-term debt (102.0) (120.0) Net debt $ (91.0) $ (105.8) Dividend Payout Ratio refers to annualized dividends paid divided by Cash Flow from Operating Activities. Please refer to the "Non-IFRS Financial Measures" & "Non-IFRS Financial Ratios" section of our MD&A for the three-months and year ended June 30, 2025 as filed on SEDAR+ for further information regarding Non-IFRS measures. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements, including statements concerning possible or assumed future results of Corby's operations. Forward-looking statements typically are preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. These statements are being provided for the purposes of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our anticipated financial position, results of operations and operating environment. Readers are cautioned that such information may not be appropriate for other purposes and are not guarantees of future performance. Although Corby believes that the forward-looking information in this press release is based on information, assumptions and beliefs which are current, reasonable and complete, this information is necessarily subject to a number of factors, risks and uncertainties that could cause actual results to differ materially from management's expectations and plans as set forth in such forward-looking information. For more information on the risks, uncertainties and assumptions that could cause Corby's actual results to differ from current expectations, refer to the Risks and Risk Management section of our Management's Discussion and Analysis for the three-and-twelve month period ended June 30, 2025 as well as Corby's other public filings, available at and at Corby does not undertake to update any forward-looking information, whether written or oral, that may be made from time to time by it or on its behalf, to reflect new information, future events or otherwise, except as is required by applicable securities laws. Accordingly, readers should not place undue reliance on forward-looking statements. All financial results are reported in Canadian dollars. About Corby Spirit and Wine Limited Corby Spirit and Wine Limited is a leading Canadian manufacturer, marketer and distributor of spirits and imported wines, and ready-to-drink beverages. Corby's portfolio of owned-brands includes some of the most renowned brands in Canada, including J.P. Wiser's ®, Lot 40 ®, and Pike Creek ® Canadian whiskies, Lamb's ® rum, Polar Ice ® vodka and McGuinness ® liqueurs, as well as the Ungava ® gin, Cabot Trail ® maple-based liqueurs and Chic Choc ® spiced rum, Cottage Springs ® and Nude ® ready-to-drink beverages and Foreign Affair ® wines. Through its affiliation with Pernod Ricard S.A., a global leader in the spirits and wine industry, Corby also represents leading international brands such as ABSOLUT ® vodka, Chivas Regal ®, The Glenlivet ® and Ballantine's ® Scotch whiskies, Jameson ® Irish whiskey, Beefeater ® gin, Malibu ® rum, Olmeca Altos® and Código 1530® tequilas, Jefferson's™ and Rabbit Hole® bourbons, Kahlúa ® liqueur, Mumm ® champagne, and Jacob's Creek ®, Wyndham Estate ®, Stoneleigh ®, Campo Viejo ®, and Kenwood ® wines. Corby is a publicly traded company based in Toronto, Ontario, and is listed on the Toronto Stock Exchange under the trading symbols CSW.A and CSW.B. For further information, please visit our website or follow us on LinkedIn.
