Strong Revenue and Earnings Growth
Corby Spirit and Wine delivered a 7% reported revenue growth and a 15% earnings growth for FY '25, outperforming the overall spirits market for the third consecutive year. The RTD (Ready-to-Drink) business was a significant contributor to this growth.
Accretive Acquisitions
The strategic acquisition of ABG and Nude strengthened Corby's position in the RTD category across Canada, with the Nude acquisition achieving a payback period of less than one year.
Strong Cash Flow and Improved Financial Health
Corby generated $44.8 million in cash from operating activities for FY '25, reducing the net debt-to-EBITDA ratio to 1.4x from 1.8x the previous year, indicating strong financial discipline.
Dividend Increase
The board approved a quarterly dividend of $0.23 per share, a 10% increase compared to the same period last year, reflecting confidence in Corby's outlook and commitment to shareholder returns.
Robust Performance in RTD and Spirits Segments
Corby outperformed the market by 8 points in spirits and 13 points in the RTD segment during Q4, with new product launches contributing to this growth.