Diamond Estates Wine & Spirits Stock Price, News & Analysis

Diamond Estates Wines & Spirits (TSXV: DWS) has reported its financial results for FY 2025, showing significant improvements despite revenue challenges. Total revenue decreased to $24.5 million from $28.5 million in FY 2024, while gross margin improved to 52.7% from 40.7%.

The company achieved positive EBITDA of $1.1 million, a substantial improvement from negative $5.7 million in FY 2024. The Winery division saw increased sales of $2.3 million, while the Agency division experienced a $6.3 million decrease. The company also announced a CFO transition, with Basman Alias replacing Ryan Conte effective August 27, 2025.

Notable improvements were driven by restructuring actions, retail expansion benefits, government support through the VQA Wine program, and increased local consumer behavior. The company received $3.1 million from the VQA Wine Support program in June 2025.

Diamond Estates Wines & Spirits (TSXV: DWS) has announced a delay in filing its financial statements, MD&A, and executive certificates for the year ended March 31, 2025. The delay is attributed to additional audit procedures required by external auditors regarding certain transactions and estimates in the financial statements.

As a consequence, the company expects to be noted in default by Canadian securities regulators, leading to a 'failure-to-file' cease trade order (CTO). This order will prohibit trading of company securities across Canadian jurisdictions and result in a suspension of trading on the TSX Venture Exchange until the required filings are completed and the CTO is revoked.

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

Diamond Estates Wines & Spirits (TSXV: DWS) has announced the issuance of deferred share units (DSUs) to its non-executive directors. The company has issued 221,250 DSUs at a deemed price of $0.20 per unit, settling $44,250.00 of deferred directors' compensation. These DSUs will be converted into common shares of the company upon the respective directors' retirement from all positions within the organization.

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.