Diamond Estates Wine & Spirits Stock Price, News & Analysis

Diamond Estates Wines & Spirits (TSXV: DWS) reported Q3 2025 financial results with revenue of $6.4 million, down from $7.3 million in Q3 2024. The Winery division saw a $1.3 million increase in sales, while the Agency division decreased by $2.2 million. Gross margin improved significantly to 57.5% from 26.3% year-over-year.

The company achieved positive EBITDA of $1.4 million, compared to negative $4.1 million in Q3 2024. Adjusted EBITDA turned positive at $0.6 million, up from negative $1.7 million. Net income reached $0.5 million, versus a $5.2 million loss in Q2 2024.

The improved performance was driven by the Ontario government's expansion of alcohol sales to convenience, grocery, and big-box stores, along with the VQA wine support program contributing $1.0 million. The company's D'Ont Poke the Bear brand showed strong performance in the wholesale channel.

Diamond Estates Wines & Spirits (TSXV: DWS) has announced the issuance of 221,875 deferred share units (DSUs) to its non-executive directors. The DSUs were issued at a deemed price of $0.20 per unit, settling a total of $44,375.00 in deferred directors' compensation. These DSUs will be converted into common shares of the company upon the respective directors' retirement from all company positions.

Diamond Estates Wines & Spirits (TSXV: DWS) has issued 5,600,000 share options to 16 employees with a strike price of $0.22 per share. The options are valid for five years from issuance and vest at a rate of 25% annually. These options are part of the company's existing option program and can be exercised to purchase common shares. According to CEO Andrew Howard, the grants recognize the team members' key roles in executing the company's strategic plan and align management's success with shareholder interests.

Diamond Estates Wines & Spirits reported Q2 2025 financial results with revenue of $7.7 million, slightly down from $7.8 million in Q2 2024. The Winery division saw a $2.4 million increase while the Agency division decreased by the same amount. Gross margin improved to 53.9% from 39.6% year-over-year. The company achieved positive EBITDA of $1.0 million, up from negative $1.0 million in Q2 2024, and reported net income of $0.2 million compared to a $2.3 million loss last year. Key developments include securing $841,000 in Winery Sector Support, acquiring Perigon Beverage Group assets for $1.8 million, and refinancing debentures with new maturity in November 2025.

Diamond Estates Wines & Spirits (TSXV: DWS) has announced a Third Amendment to its credit agreement with Bank of Montreal, effective November 15, 2024. Key changes include: establishment of a $2.5 million non-revolving credit facility maturing by July 31, 2025; reduction of the previous non-revolving term credit facility from $8.67 million to $2.98 million; and addition of a Lassonde Industries recourse guarantee. Interest rates were adjusted for various facilities. Additionally, the company issued 184,374 deferred share units to non-executive directors, worth $44,250.00, to be settled in common shares upon retirement.

Diamond Estates Wines & Spirits Inc. (TSXV: DWS) has closed its acquisition of certain assets from the Perigon Beverage Group for a purchase price of $1.799 million. The acquisition includes Perigon's agency and supplier contracts, intellectual property, and other intangible assets. The purchase price will be satisfied through the issuance of Diamond common shares in four tranches over an 18-month period:

1. Five million shares issued at $0.26 per share
2. Three additional installments of approximately $499,000 each, payable every six months

The subsequent tranches are subject to adjustments based on gross margin targets. Shares issued after closing will be priced at the greater of the 30-day average trading price or $0.21 per share. The initial shares issued are subject to a four-month statutory hold period.

Diamond Estates Wines & Spirits Inc. (TSXV: DWS) has entered into a definitive purchase agreement to acquire certain assets from the Perigon Beverage Group for approximately $1.755 million. The acquisition includes agency and supplier contracts, intellectual property, and other intangible assets. The purchase price will be satisfied through the issuance of Diamond common shares in four tranches over 18 months.

This strategic move will enhance Trajectory Beverage Partners, a Diamond subsidiary, by strengthening its Ontario presence in LCBO listed products and consignment offerings. The transaction is expected to close in early October, subject to approvals. This acquisition aligns with Diamond's growth strategy in the evolving beverage alcohol industry, particularly in Ontario, by expanding retail capabilities and unlocking opportunities in various sales channels.

Diamond Estates Wines & Spirits Inc. (TSXV: DWS) reported financial results for Q1 2025 ending June 30, 2024. Revenue decreased to $6.2 million from $7.9 million in Q1 2024. The Winery division saw a $0.4 million increase, while the Agency division experienced a $2.1 million decrease. Gross margin percentage improved to 44.8% from 36.8%, but gross margin value slightly decreased to $2.8 million. Adjusted EBITDA improved by $0.6 million to negative $0.3 million. Net loss reduced to $2.0 million from $2.5 million in Q1 2024.

Post-quarter events include a $2.3 million private placement, receipt of $2.1 million from the VQA Wine Support Program, and progress on debt reduction. The company is implementing strategies to address industry challenges and improve financial performance.