05:08 PM EST, 11/12/2025 (MT Newswires) -- Corby Spirit and Wine (CSW-B.TO) the Toronto-based spirits and ready-to-drink (RTD) cocktail company, reported record first-quarter revenue as earnings climbed 7.8% on the back of continued expansion of its RTD portfolio and operational efficiencies.

Adjusted net earnings, excluding most one-time items, rose to $11 million, or $0.36 per share, from $10.2 million, or $0.33, a year earlier.

Revenue reached a record $75.4 million for the quarter, up 16% year over year, driven by strong growth across both spirits and RTD categories. Growth was entirely organic and was driven by strong sales execution, while also benefitting from enhanced shelf visibility for owned and represented spirits and provincial trade measures, the company said.

Adjusted EBITDA totaled $20.3 million in Q1 FY26, up 4% on a yearly basis and representing the highest Adjusted EBITDA reported in Corby's history.

The performance was underpinned by an acceleration in market share gains in spirits and continued robust growth in RTDs, Chief Executive Nicolas Krantz, said, "This quarter's double-digit top line growth reflected the continued success of our sales strategy, supporting continued growth in our earnings and cash flow generation. However, revenue also benefitted from a low comparative base and favourable order phasing."

Corby also declared a quarterly dividend of $0.23 per share, paid Dec.19 to shareholders of record on Nov.28.

The company's Class B shares closed down $0.01 to $13.67 on the Toronto Stock Exchange.