Andrew Peller FY26 net earnings rise to $27.1 million

Andrew Peller Limited reported net earnings of $27.1 million for the fiscal year ended March 31, 2026, a significant increase from $11.1 million in the prior year. The company, which is set to be acquired by Fairfax Financial Holdings Limited, posted revenue of $393.0 million for FY26, up 0.9% from $389.6 million. EBITA grew by 14.7% to $72.1 million, driven by margin expansion and disciplined execution across its core wine business and innovation portfolio.

For the fourth quarter, revenue rose to $79.5 million from $75.5 million in Q4 2025, while net earnings were $5.7 million compared to a loss of $0.7 million in the same period last year. The company attributed the quarterly growth to strong sales to liquor boards and big box stores in Eastern Canada, as well as favourable timing of the Easter holiday. Gross margin for the year improved to 45.1% from 42.8%, supported by cost savings on inputs and favourable product mix.

Financial Results

Metric	Q4 2026	Q4 2025	FY26	FY25
Revenue ($000)	79,475	75,519	392,996	389,607
Gross margin (%)	52.2	52.6	45.1	42.8
EBITA ($000)	15,050	13,504	72,146	62,889
Net earnings ($000)	5,713	(747)	27,120	11,115
EPS – Class A basic ($)	0.14	(0.02)	0.64	0.26

Acquisition Update

The financial results follow a definitive arrangement agreement entered on June 15, 2026, to be acquired by Fairfax Financial Holdings Limited. Under the all-cash transaction valued at $397 million, shareholders will receive $8.00 per Class A Share and $12.00 per Class B Share. The Board of Directors has unanimously approved the transaction, which is subject to court, regulatory, and shareholder approvals. The deal is expected to close in the third calendar quarter of 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+16.67%	+31.80%	+26.27%	+34.96%	+2.48%	+2.14%

Andrew Peller Limited has approved a quarterly common share dividend of $0.0615 per Class A Share and $0.0535 per Class B Share, payable on July 10, 2026, to shareholders of record on June 30, 2026. The Board of Directors confirmed that all dividends are designated as eligible dividends for purposes of the Income Tax Act (Canada) unless indicated otherwise. The company has consistently paid common share dividends since 1979.

Dividend Details

The payment schedule and dividend rates for the first quarter of fiscal 2027 are outlined below:

Share Class	Dividend Per Share	Record Date	Payment Date
Class A Share	$0.0615	June 30, 2026	July 10, 2026
Class B Share	$0.0535	June 30, 2026	July 10, 2026

Company Overview

Andrew Peller Limited is a producer and marketer of wines and craft spirits. The company's portfolio includes premium Vintners' Quality Alliance (VQA) brands such as Peller Estates, Trius, and Wayne Gretzky. It also owns and operates 101 retail locations in Ontario under names like The Wine Shop and Wine Country Vintners. Additionally, the company manages Andrew Peller Import Agency and produces personal winemaking products through its subsidiary, Global Vintners Inc.