Cash flow Corby Spirit and Wine Limited

Equities

CSW.A

CA2183491083

Distillers & Wineries

Delayed Toronto S.E. Other stock markets 11:32:48 2026-01-21 am EST			5-day change	1st Jan Change
14.50 ^CAD	0.00%		+0.28%	-2.03%

Nov. 14	Corby Spirit and Wine Limited, Q1 2026 Earnings Call, Nov 14, 2025
Nov. 13	Corby Spirit and Wine Limited - Shareholder/Analyst Call

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Published financial data: CORBY SPIRIT AND WINE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	160M	159M	163M	230M	247M
Total Revenues	160M	159M	163M	230M	247M
Cost of Goods Sold, Total	62.07M	63.35M	68.84M	114M	124M
Gross Profit	97.71M	96.04M	94.12M	116M	123M
Selling General & Admin Expenses, Total	56.82M	61.34M	62.57M	75.44M	77.18M
Other Operating Expenses	-156K	-81K	457K	-340K	-101K
Other Operating Expenses, Total	56.66M	61.26M	63.03M	75.1M	77.08M
Operating Income	41.04M	34.78M	31.08M	40.67M	45.92M
Interest Expense, Total	-126K	-61K	-97K	-8.7M	-8.71M
Interest And Investment Income	633K	379K	1.97M	1.27M	995K
Net Interest Expenses	507K	318K	1.88M	-7.43M	-7.72M
Currency Exchange Gains (Loss)	-12K	-158K	90K	-124K	91K
Other Non Operating Income (Expenses)	-	-	-	-183K	-155K
EBT, Excl. Unusual Items	41.54M	34.94M	33.05M	32.94M	38.14M
Merger & Related Restructuring Charges	-	-	-2.95M	-	-
Gain (Loss) On Sale Of Assets	-	-12K	-60K	-39K	-25K
Asset Writedown	-	-2.13M	-	-	-
EBT, Incl. Unusual Items	41.54M	32.8M	30.04M	32.9M	38.12M
Income Tax Expense	10.95M	9.39M	8.08M	8.99M	10.69M
Earnings From Continuing Operations	30.59M	23.4M	21.96M	23.91M	27.43M
Net Income to Company	30.59M	23.4M	21.96M	23.91M	27.43M
Net Income - (IS)	30.59M	23.4M	21.96M	23.91M	27.43M
Net Income to Common Incl Extra Items	30.59M	23.4M	21.96M	23.91M	27.43M
Net Income to Common Excl. Extra Items	30.59M	23.4M	21.96M	23.91M	27.43M
Per Share Items
Net EPS - Basic	1.07	0.82	0.77	0.84	0.96
Basic EPS - Continuing Operations	1.07	0.82	0.77	0.84	0.96
Basic Weighted Average Shares Outstanding	28.47M	28.47M	28.47M	28.47M	28.47M
Net EPS - Diluted	1.07	0.82	0.77	0.84	0.96
Diluted EPS - Continuing Operations	1.07	0.82	0.77	0.84	0.96
Diluted Weighted Average Shares Outstanding	28.47M	28.47M	28.47M	28.47M	28.47M
Normalized Basic EPS	0.91	0.77	0.73	0.72	0.84
Normalized Diluted EPS	0.91	0.77	0.73	0.72	0.84
Dividend Per Share	0.85	0.96	0.85	0.85	0.91
Payout Ratio	78.17	113.14	114.09	100.02	93.42
Supplemental Items
EBITDA	50.75M	47.35M	43.96M	53.96M	59.54M
EBITA	48.25M	45.15M	41.46M	51.04M	56.29M
EBIT	41.04M	34.78M	31.08M	40.67M	45.92M
EBITDAR	50.81M	47.91M	43.99M	53.98M	59.7M
Effective Tax Rate - (Ratio)	26.36	28.64	26.9	27.32	28.04
Total Current Taxes	11.46M	8.48M	9M	7.24M	11.31M
Total Deferred Taxes	-509K	909K	-924K	1.74M	-621K
Normalized Net Income	25.96M	21.84M	20.66M	20.58M	23.84M
Interest on Long-Term Debt	126K	61K	97K	128K	5.98M
Non-Cash Pension Expense	454K	193K	178K	226K	150K
Supplemental Operating Expense Items
Net Rental Expense, Total	64K	560K	32K	26K	168K
Imputed Operating Lease Interest Expense	13.89K	67.77K	471	14.93K	93.13K
Imputed Operating Lease Depreciation	50.11K	492K	31.53K	11.07K	74.87K
Stock-Based Comp., Other (Total)	481K	437K	295K	242K	401K
Total Stock-Based Compensation	481K	437K	295K	242K	401K

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	94.4M	52.46M	155M	32M	15.94M
Total Cash And Short Term Investments	94.4M	52.46M	155M	32M	15.94M
Accounts Receivable, Total	33.91M	33.97M	36.68M	47.25M	51.36M
Other Receivables	1.81M	4.31M	2.88M	4.27M	3.72M
Total Receivables	35.72M	38.29M	39.56M	51.52M	55.08M
Inventory	60.78M	61.09M	75.24M	94.73M	101M
Prepaid Expenses	290K	647K	694K	1.06M	574K
Total Current Assets	191M	152M	271M	179M	173M
Gross Property Plant And Equipment	43.44M	45.52M	48.85M	52.39M	49.07M
Accumulated Depreciation	-20.7M	-21.27M	-23.66M	-27.54M	-24.67M
Net Property Plant And Equipment	22.74M	24.24M	25.19M	24.85M	24.4M
Goodwill	8.76M	8.76M	8.76M	117M	117M
Other Intangibles, Total	20.03M	61.26M	51.18M	90.95M	80.1M
Deferred Tax Assets Long-Term	-	-	-	-	1.16M
Other Long-Term Assets, Total	11.69M	6.76M	6.95M	8.02M	7.14M
Total Assets	254M	254M	363M	420M	403M
Liabilities
Accounts Payable, Total	42.24M	51.63M	64.16M	54.6M	60.23M
Short-term Borrowings	-	-	-	17.82M	4.98M
Current Portion of Leases	1.38M	1.22M	1.29M	1.42M	1.69M
Current Income Taxes Payable	2.6M	-	1.3M	-	2.4M
Other Current Liabilities	1.73M	1.78M	2.95M	2.84M	3.82M
Total Current Liabilities	47.95M	54.62M	69.7M	76.68M	73.12M
Long-Term Debt	-	-	98.01M	120M	102M
Long-Term Leases	2.98M	2.49M	2.33M	1.6M	1.92M
Pension & Other Post Retirement Benefits	10.37M	7.72M	8.05M	6.82M	6.12M
Deferred Tax Liability Non Current	5.17M	5.48M	4.51M	17.57M	18.08M
Other Non Current Liabilities	-	-	-	16.21M	18.23M
Total Liabilities	66.46M	70.31M	183M	239M	219M
Common Stock, Total	14.3M	14.3M	14.3M	14.3M	14.3M
Retained Earnings	167M	164M	161M	159M	161M
Comprehensive Income and Other	6.77M	5.24M	5.13M	8.45M	8.37M
Total Common Equity	188M	183M	180M	182M	183M
Total Equity	188M	183M	180M	182M	183M
Total Liabilities And Equity	254M	254M	363M	420M	403M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	28.47M	28.47M	28.47M	28.47M	28.47M
ECS Total Common Shares Outstanding	28.47M	28.47M	28.47M	28.47M	28.47M
Book Value / Share	6.6	6.44	6.32	6.38	6.44
Tangible Book Value	159M	113M	120M	-26.7M	-13.72M
Tangible Book Value Per Share	5.59	3.98	4.22	-0.94	-0.48
Total Debt	4.36M	3.7M	102M	141M	111M
Net Debt	-90.04M	-48.76M	-53.38M	109M	94.65M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-10.15M	-5.72M	-5.55M	-7.38M	-7.06M
Debt Equivalent Oper. Leases	512K	4.48M	256K	208K	1.34M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	3.81M	4.79M	6M	12.5M	15.06M
Inventories - Work In Process, Total	45.74M	47M	56.2M	58.28M	62.16M
Inventories - Finished Goods, Total	11.23M	9.3M	13.04M	23.95M	24.24M
Land - (BS)	1.37M	1.37M	1.37M	1.37M	1.37M
Buildings, Total	2.26M	3.68M	4.2M	4.3M	4.3M
Machinery, Total	13.84M	12.84M	13.37M	14.52M	15.49M
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	95K	96K	124K	267K	100K

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	30.59M	23.4M	21.96M	23.91M	27.43M
Depreciation & Amortization - CF	4.08M	3.54M	3.89M	4.39M	5.21M
Amortization of Goodwill and Intangible Assets - (CF)	7.2M	10.37M	10.37M	10.37M	10.37M
Depreciation & Amortization, Total	11.28M	13.91M	14.26M	14.76M	15.58M
Amortization of Deferred Charges, Total - (CF)	796K	341K	552K	686K	696K
(Gain) Loss From Sale Of Asset	-	12K	64K	39K	25K
Asset Writedown & Restructuring Costs	-	2.13M	-	-	-
Other Operating Activities, Total	-2.02M	-3.95M	2.81M	-744K	6.77M
Change In Accounts Receivable	-9.38M	-128K	-3.72M	3.71M	-6.46M
Change In Inventories	559K	-305K	-14.15M	3.72M	-6.34M
Change In Accounts Payable	8.93M	9.44M	13.7M	-14.77M	6.58M
Change in Other Net Operating Assets	149K	665K	-47K	206K	487K
Cash from Operations	40.91M	45.52M	35.43M	31.52M	44.77M
Capital Expenditure	-2.75M	-4.41M	-3.88M	-2.71M	-2.23M
Sale of Property, Plant, and Equipment	616K	32K	271K	-	-
Cash Acquisitions	-	-	-	-148M	-
Sale (Purchase) of Intangible assets	-588K	-55.28M	-841K	-566K	-210K
Investment in Marketable and Equity Securities, Total	-12.72M	41.94M	-103M	128M	11.6M
Cash from Investing	-15.44M	-17.72M	-107M	-23.74M	9.16M
Short Term Debt Issued, Total	-	-	-	9.82M	-
Long-Term Debt Issued, Total	-	-	98M	22M	3.48M
Total Debt Issued	-	-	98M	31.82M	3.48M
Short Term Debt Repaid, Total	-	-	-	-	-16.31M
Long-Term Debt Repaid, Total	-1.55M	-1.32M	-1.38M	-11.03M	-19.94M
Total Debt Repaid	-1.55M	-1.32M	-1.38M	-11.03M	-36.25M
Common Dividends Paid	-23.91M	-26.48M	-25.05M	-23.91M	-25.62M
Common & Preferred Stock Dividends Paid	-23.91M	-26.48M	-25.05M	-23.91M	-25.62M
Special Dividend Paid	-	-	-	-	-
Cash from Financing	-25.47M	-27.8M	71.57M	-3.13M	-58.4M
Net Change in Cash	-	-	-	4.65M	-4.47M
Supplemental Items
Cash Interest Paid	-	-	-	-	6.85M
Cash Income Tax Paid (Refund)	12.82M	13.52M	5.26M	11.44M	6.01M
Levered Free Cash Flow	33.69M	-18.68M	29.29M	-10.39M	36.7M
Unlevered Free Cash Flow	33.77M	-18.64M	29.35M	-4.95M	42.14M
Change In Net Working Capital	1.11M	-4.63M	468K	42.78M	795K
Net Debt Issued / Repaid	-1.55M	-1.32M	96.62M	20.78M	-32.78M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	10.5	8.56	6.31	6.49	6.97
Return on Total Capital	13.87	11.47	8.29	8.42	9.31
Return On Equity %	16.97	12.62	12.09	13.22	15.03
Return on Common Equity	16.97	12.62	12.09	13.22	15.03
Margin Analysis
Gross Profit Margin %	61.15	60.25	57.76	50.41	49.84
SG&A Margin	35.56	38.49	38.4	32.85	31.27
EBITDA Margin %	31.76	29.71	26.98	23.49	24.12
EBITA Margin %	30.2	28.32	25.44	22.23	22.81
EBIT Margin %	25.69	21.82	19.08	17.71	18.61
Income From Continuing Operations Margin %	19.15	14.68	13.48	10.41	11.11
Net Income Margin %	19.15	14.68	13.48	10.41	11.11
Net Avail. For Common Margin %	19.15	14.68	13.48	10.41	11.11
Normalized Net Income Margin	16.25	13.7	12.68	8.96	9.66
Levered Free Cash Flow Margin	21.08	-11.72	17.98	-4.53	14.87
Unlevered Free Cash Flow Margin	21.13	-11.69	18.01	-2.16	17.08
Asset Turnover
Asset Turnover	0.65	0.63	0.53	0.59	0.6
Fixed Assets Turnover	6.88	6.78	6.59	9.18	10.02
Receivables Turnover (Average Receivables)	5.47	4.7	4.61	5.47	5.01
Inventory Turnover (Average Inventory)	1.02	1.04	1.01	1.34	1.26
Short Term Liquidity
Current Ratio	3.99	2.79	3.88	2.34	2.37
Quick Ratio	2.71	1.66	2.79	1.09	0.97
Operating Cash Flow to Current Liabilities	0.85	0.83	0.51	0.41	0.61
Days Sales Outstanding (Average Receivables)	66.77	77.73	79.13	66.88	72.93
Days Outstanding Inventory (Average Inventory)	359.09	351.08	361.42	273.12	289.24
Average Days Payable Outstanding	225.11	269.1	254.62	162.95	160.57
Cash Conversion Cycle (Average Days)	200.75	159.7	185.94	177.05	201.6
Long Term Solvency
Total Debt/Equity	2.32	2.02	56.46	77.55	60.32
Total Debt / Total Capital	2.27	1.98	36.09	43.68	37.63
LT Debt/Equity	1.58	1.36	55.75	66.96	56.68
Long-Term Debt / Total Capital	1.55	1.33	35.63	37.71	35.36
Total Liabilities / Total Assets	26.12	27.73	50.36	56.81	54.49
EBIT / Interest Expense	325.75	570.11	320.45	4.67	5.27
EBITDA / Interest Expense	415.32	798.16	467.52	6.37	7.06
(EBITDA - Capex) / Interest Expense	393.47	725.8	427.56	6.06	6.8
Total Debt / EBITDA	0.08	0.08	2.24	2.54	1.8
Net Debt / EBITDA	-1.72	-1	-1.18	1.96	1.54
Total Debt / (EBITDA - Capex)	0.09	0.08	2.45	2.67	1.87
Net Debt / (EBITDA - Capex)	-1.82	-1.1	-1.29	2.06	1.6
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.19	-0.24	2.23	40.93	7.46
Gross Profit, 1 Yr. Growth %	5.15	-1.71	-2.1	23.01	6.24
EBITDA, 1 Yr. Growth %	16.55	-6.7	-7.15	31.58	10.34
EBITA, 1 Yr. Growth %	17.34	-6.42	-8.18	32.57	10.28
EBIT, 1 Yr. Growth %	15.92	-15.27	-10.62	44.58	12.9
Earnings From Cont. Operations, 1 Yr. Growth %	14.78	-23.5	-6.17	8.88	14.71
Net Income, 1 Yr. Growth %	14.78	-23.5	-6.17	8.88	14.71
Normalized Net Income, 1 Yr. Growth %	13.71	-15.9	-5.4	9.43	15.8
Diluted EPS Before Extra, 1 Yr. Growth %	14.29	-23.36	-6.1	9.07	14.31
Accounts Receivable, 1 Yr. Growth %	38.14	0.19	7.97	28.81	8.69
Inventory, 1 Yr. Growth %	-0.91	0.5	23.16	25.9	7.1
Net Property, Plant and Equip., 1 Yr. Growth %	-4.04	6.61	3.91	-1.37	-1.81
Total Assets, 1 Yr. Growth %	8.54	-0.28	43.03	15.96	-4.2
Tangible Book Value, 1 Yr. Growth %	16.66	-29.36	6.07	-122.24	-48.6
Common Equity, 1 Yr. Growth %	8.87	-2.45	-1.75	0.89	0.95
Cash From Operations, 1 Yr. Growth %	-17.42	11.67	-22.16	-11.04	42.06
Capital Expenditures, 1 Yr. Growth %	17.45	60.33	-12.19	-30.01	-17.84
Levered Free Cash Flow, 1 Yr. Growth %	-18.66	-157.61	-256.86	-137.86	-453.12
Unlevered Free Cash Flow, 1 Yr. Growth %	-18.66	-157.36	-257.5	-118.01	-950.83
Dividend Per Share, 1 Yr. Growth %	1.19	12.94	-11.46	0	7.06
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.23	1.95	0.99	20.03	23.06
Gross Profit, 2 Yr. CAGR %	2.55	1.66	-1.86	9.74	14.32
EBITDA, 2 Yr. CAGR %	10.14	4.28	-6.93	6.75	20.49
EBITA, 2 Yr. CAGR %	10.46	4.79	-7.3	6.33	20.91
EBIT, 2 Yr. CAGR %	10.26	-0.9	-12.98	8.15	27.76
Earnings From Cont. Operations, 2 Yr. CAGR %	9.11	-6.3	-15.28	1.08	11.76
Net Income, 2 Yr. CAGR %	9.11	-6.3	-15.28	1.08	11.76
Normalized Net Income, 2 Yr. CAGR %	8.6	-2.21	-10.8	-2.91	12.57
Diluted EPS Before Extra, 2 Yr. CAGR %	9.04	-6.41	-15.17	1.2	11.66
Accounts Receivable, 2 Yr. CAGR %	7.49	17.64	4.01	17.93	18.33
Inventory, 2 Yr. CAGR %	-0.91	-0.21	11.26	24.52	16.12
Net Property, Plant and Equip., 2 Yr. CAGR %	9.31	1.15	5.26	1.24	-1.59
Total Assets, 2 Yr. CAGR %	7.95	4	19.43	28.79	5.4
Tangible Book Value, 2 Yr. CAGR %	11.88	-8.92	-13.44	-51.43	-66.19
Common Equity, 2 Yr. CAGR %	5.43	3.02	-2.1	-0.44	0.92
Cash From Operations, 2 Yr. CAGR %	9.69	-4.15	-6.77	-16.79	12.41
Capital Expenditures, 2 Yr. CAGR %	-20.46	37.23	18.66	-21.6	-24.17
Levered Free Cash Flow, 2 Yr. CAGR %	14.72	-32.85	-4.94	-25.4	15.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	14.86	-32.99	-4.95	-48.45	23.78
Dividend Per Share, 2 Yr. CAGR %	-1.72	6.9	0	-5.9	3.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.12	2.06	2.04	12.86	15.69
Gross Profit, 3 Yr. CAGR %	2.45	1.11	0.43	5.82	8.56
EBITDA, 3 Yr. CAGR %	6.63	4.21	0.32	2.06	7.93
EBITA, 3 Yr. CAGR %	6.89	4.52	0.27	1.9	7.63
EBIT, 3 Yr. CAGR %	6.76	0.99	-4.25	-0.3	9.71
Earnings From Cont. Operations, 3 Yr. CAGR %	6.01	-3.07	-6.25	-7.89	5.43
Net Income, 3 Yr. CAGR %	6.01	-3.07	-6.25	-7.89	5.43
Normalized Net Income, 3 Yr. CAGR %	5.83	-0.27	-3.28	-7.45	2.97
Diluted EPS Before Extra, 3 Yr. CAGR %	5.94	-3.06	-6.31	-7.76	5.39
Accounts Receivable, 3 Yr. CAGR %	2.34	5	14.33	11.69	14.77
Inventory, 3 Yr. CAGR %	0.55	-0.44	7.04	15.94	18.42
Net Property, Plant and Equip., 3 Yr. CAGR %	5.56	8.4	2.06	3	0.21
Total Assets, 3 Yr. CAGR %	3.41	5.11	15.66	18.26	16.69
Tangible Book Value, 3 Yr. CAGR %	4.46	-3.81	-4.17	-44.97	-50.5
Common Equity, 3 Yr. CAGR %	0.58	2.71	1.4	-1.11	0.02
Cash From Operations, 3 Yr. CAGR %	9.33	10.21	-10.57	-8.22	-0.55
Capital Expenditures, 3 Yr. CAGR %	-17.81	0.48	18.25	-0.49	-20.37
Levered Free Cash Flow, 3 Yr. CAGR %	15.35	-9.97	-10.9	-31.56	25.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	15.44	-10.03	-10.91	-46.58	31.26
Dividend Per Share, 3 Yr. CAGR %	-1.15	2.94	0.4	0	-1.77
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.68	2.07	2.26	8.9	9.98
Gross Profit, 5 Yr. CAGR %	1.51	0.87	0.7	4.5	5.77
EBITDA, 5 Yr. CAGR %	4.07	2.43	0.99	5.22	6.46
EBITA, 5 Yr. CAGR %	3.9	2.54	0.97	5.24	6.48
EBIT, 5 Yr. CAGR %	3.8	0.42	-1.62	3.79	5.34
Earnings From Cont. Operations, 5 Yr. CAGR %	3.76	-1.81	-3.08	-1.43	0.57
Net Income, 5 Yr. CAGR %	3.76	-1.81	-3.08	-1.43	0.57
Normalized Net Income, 5 Yr. CAGR %	3.57	0.01	-1.16	-1.33	0.86
Diluted EPS Before Extra, 5 Yr. CAGR %	3.75	-1.84	-3.07	-1.37	0.5
Accounts Receivable, 5 Yr. CAGR %	3.75	0.78	3	9.99	15.91
Inventory, 5 Yr. CAGR %	2.33	1.99	4.7	8.88	10.59
Net Property, Plant and Equip., 5 Yr. CAGR %	15.63	10.41	5.44	5.48	0.58
Total Assets, 5 Yr. CAGR %	2.17	2.16	9.53	14.01	11.44
Tangible Book Value, 5 Yr. CAGR %	4.93	-2.61	-2.98	-26.81	-36.83
Common Equity, 5 Yr. CAGR %	1.93	0.66	-0.51	1.44	1.21
Cash From Operations, 5 Yr. CAGR %	4.23	10.34	2.51	-1.51	-2
Capital Expenditures, 5 Yr. CAGR %	-2.18	4.89	-4.8	-9.01	-1
Levered Free Cash Flow, 5 Yr. CAGR %	5.18	-0.76	5.94	-16.49	-2.39
Unlevered Free Cash Flow, 5 Yr. CAGR %	5.23	-0.8	5.99	-28	0.3
Dividend Per Share, 5 Yr. CAGR %	2.26	2.71	-0.69	-0.69	1.61