The Becker Milk Company Limited: Six Month Financial Results

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Postmedia has not reviewed the content. by GlobeNewswire Article contentTORONTO, Dec. 11, 2025 (GLOBE NEWSWIRE) — The Becker Milk Company Limited (the “Company”) (TSX-BEK.B) is pleased to report the results for the six months ended October 31, 2025.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentHIGHLIGHTSArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentTotal revenues for the six months ended October 31, 2025 were $1,428,054 compared to $1,451,462 for the same period in 2024;The year-to-date non-GAAP financial measure Net Operating Income for Q2 fiscal 2026 was $1,137,175 compared to $1,191,698 in fiscal 2025;The year-to-date net income for Q2 fiscal 2026 was $0.39 per share, compared to $0.78 net income per share in Q2 fiscal 2025.Article contentArticle contentFINANCIAL HIGHLIGHTSArticle contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentTotal revenues for the six months ended October 31, 2025 fell $23,408 compared to the six months ended October 31, 2024, a result of reduced finance income.Article content Six months ended October 31 2025 2024Property revenue $1,369,949 $1,362,324Finance income 58,105 89,138Total revenues $1,428,054 $1,451,462 Net income attributable to common and special shareholders $712,962 $1,408,754Average common and special shares outstanding 1,808,360 1,808,360 Income per share $0.39 $0.78Article contentComponents of the $695,792 decrease in net income for the six months ended October 31, 2025 compared to the six months ended October 31, 2024 are:Article contentChanges in Net Income – Six months ended October 31, 2025 compared to six months ended October 31, 2024 Provision for environmental liability Decrease in deferred tax charges $1,159,205 Proceeds of expropriation settlement 331,220 Increase in administrative expenses (22,427)Decrease in finance income (31,033)Increase in current taxes (49,672)Decrease in net operating income (54,523)Decrease in the fair value adjustment (2,028,562)Decrease in net income ($695,792)Article contentArticle contentInvestment property capitalization rates were unchanged during the six months ended October 31, 2025. Compared to the six months ended October 31, 2024, there was a $1,019,292 unfavourable change in the fair value adjustment to investment properties.Article contentNon-IFRS financial measuresArticle contentNet operating incomeArticle contentThe non-IFRS financial measure Net Operating Income for the six months ended October 31, 2025 was $1,137,175, a $54,523 decrease compared with the previous year.Article content Six months ended October 31 2025 2024 Property revenue $1,369,949 $1,362,324 Property operating expenses (232,774) (170,626)Net operating income $1,137,175 $1,191,698 Article contentFunds from operations and adjusted funds from operationsArticle contentFor the six months ended October 31, 2025 the Company recorded Adjusted funds from operations of $391,854 ($0.22 per share) compared to $300,304 ($0.17 per share) in 2024.Article content Six months ended October 31 2025 2024 Net income $712,962 $1,408,754 Add (deduct) items not affecting cash: Adjustment to fair value of investment properties (69,656) (2,098,218) Porceeds of expropriation settlement (331,220) – Tax on expropriation settlement 112,767 – Deferred income taxes 12,345 1,171,550 Funds from operations 437,198 482,086 Deduct non-operating items: Expenses related to strategic review – – Sustaining capital expenditures (45,344) (181,782)Adjusted funds from operations $391,854 $300,304 Adjusted funds from operations per share $0.22 $0.17 Trending CRA penalized taxpayer for repeated failure to report income Personal Finance Who is Mark Wiseman? The career of the man expected to be Canada’s new U.S. ambassador Finance Lululemon CEO to leave after slowdown as shares gain on outlook Retail & Marketing U.S. trade deficit unexpectedly shrinks to smallest since 2020 Economy Canadian households boost their wealth to another record high of $18.4 trillion with ‘supercharged' financial asset growth Wealth Article contentSTRATEGIC REVIEWArticle contentThe Board of Directors continually evaluates strategic directions for the Company. Although the Company has previously engaged in discussions with potential acquirers, none of those discussions are active currently. The Company continues to review its strategic alternatives and will update the market as appropriate, and as required.Article contentThe Company’s interim financial statements for the six months ended October 31, 2025, along with the Management’s Discussion and Analysis will be filed with SEDAR at www.sedar.com.Article contentReaders are cautioned that although the terms “Net Operating Income”, and “Funds From Operations” are commonly used to measure, compare and explain the operating and financial performance of Canadian real estate companies and such terms are defined in the Management’s Discussion and Analysis, such terms are not recognized terms under Canadian generally accepted accounting principles. Such terms do not necessarily have a standardized meaning and may not be comparable to similarly titled measures presented by the other publicly traded entities.Article contentFor the Board of DirectorsG.W.J. Pottow, PresidentTel: 416-698-2591Article contentArticle contentArticle contentArticle contentArticle contentArticle contentShare this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. CRA penalized taxpayer for repeated failure to report income Personal Finance Who is Mark Wiseman? The career of the man expected to be Canada’s new U.S. ambassador Finance Lululemon CEO to leave after slowdown as shares gain on outlook Retail & Marketing U.S. trade deficit unexpectedly shrinks to smallest since 2020 Economy Canadian households boost their wealth to another record high of $18.4 trillion with ‘supercharged' financial asset growth Wealth