Corby Spirit and Wine Ltd (OTCPK:CBYDF)

Q2 2026 Corby Spirit and Wine Ltd Earnings Call Transcript

Feb 12, 2026 / 02:00 PM GMT

Release Date Price: $10.41

Transcript

Key Points

Positve

Corby Spirit and Wine Ltd (CBYDF) delivered the highest first-half revenue in its history, with a reported revenue increase of 12% and organic growth of 13%.
The company achieved significant market share gains in spirits and accelerated expansion in the RTD (Ready-to-Drink) business, which now represents roughly one-third of Corby's top-line revenue.
Corby outperformed the Canadian market in value for the 13th consecutive quarter, showcasing strong sales execution and market resilience.
The company reported strong cash generation, supporting long-term value creation and attractive capital returns, with a quarterly dividend increase of 4%.
Corby maintained a strong balance sheet with a net debt to adjusted EBITDA ratio of 1.1 times, providing flexibility for future investments.

Negative

Earnings growth lagged behind revenue growth due to an RTD-skewed portfolio mix and less favorable spirits and channel mix effects.
The British Columbia strike impacted performance, although the company managed to deliver strong results despite this challenge.
Total commissions declined by 8% in Q2, reflecting a strong comparison period from the previous year.
The blending scotch category faced production challenges, affecting performance in this segment.
There is an expectation of normalization in growth after a strong first half, indicating potential slower growth in the second half of the fiscal year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CSWa.TO - Corby Spirit and Wine Ltd
Q2 2026 Corby Spirit and Wine Ltd Earnings Call
Feb 12, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and thank you for joining us.

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Unidentified_2 [2]
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Good morning. Welcome to Corby Spirit and Wines fiscal year 2026 Q2 financial results conference call for the period ended December 31st, 2026.

Joining me on the call this morning are Florence Trezarrier, President and Chief Executive Officer, and Juan Alonso, Vice President and Chief Financial Officer.

Hopefully you have had the opportunity to review the press release which was issued yesterday. Before we begin, I would like to inform listeners that

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