Nine Months Financial Results and Regular Dividend

TORONTO, March 14, 2025 (GLOBE NEWSWIRE) -- The Becker Milk Company Limited (the “Company”) (TSX-BEK.B) is pleased to report the results for the nine months ended January 31, 2025.

HIGHLIGHTS

• Total revenues for the nine months ended January 31, 2025, were $2,275,266 compared to $2,326,873 for the same period in 2024;
• The non-GAAP financial measure Net Operating Income for year-to-date Q3 fiscal 2025 was $1,844,195 compared to $1,847,990 in fiscal 2024;
• Net income for year-to-date Q3 fiscal 2025 was $1.43 per share for the year, compared to $0.13 net loss per share in Q3 fiscal 2024.
  

FINANCIAL HIGHLIGHTS

Total revenues for the nine months ended January 31, 2025, fell $51,607 compared to the nine months ended January 31, 2024, a result of reduced finance income.

	Nine months ended
	January 31
	2025	2024
Property revenue	$2,148,528	$2,120,481
Finance income	126,738	206,392
Total revenues	$2,275,266	$2,326,873
Net income attributable to common and special shareholders	$2,583,254	($229,305)
Average common and special shares outstanding	1,808,360	1,808,360
Income (loss) per share	$1.43	($0.13)

Components of the $2,812,559 decrease in net income for the nine months ended January 31, 2025, compared to the nine months ended January 31, 2024 are:

Changes in Net Income – Nine months ended January 31, 2025
compared to nine months ended January 31,
2024
Provision for environmental liability
Increase in the favourable fair value adjustment	3,296,103
Decrease in current taxes	82,641
Decrease in gain on disposal	(2,122)
Decrease in net operating income	(3,795)
Increase in administrative expenses	(14,577)
Decrease in finance income	(79,654)
Increase in deferred tax charges	(466,037)
Increase in net income	$2,812,559
Investment property capitalization rates were reduced 50 basis-points or 0.05% during the nine months ended January 31, 2025. When compared to the nine months ended January 31, 2024 there was a $3,296,103 favourable change in the fair value adjustment to investment properties.