TORONTO, ON / ACCESS Newswire / March 11, 2026 / The Becker Milk Company Limited (the "Company") (TSX:BEK.B) is pleased to report the results for the nine months ended January 31, 2026.

HIGHLIGHTS

• Total revenues for the nine months ended January 31, 2026, were $2,296,555 compared to $2,275,266 for the same period in 2025;

• The year-to-date non-GAAP financial measure Net Operating Income for Q3 fiscal 2026 was $1,851,281 compared to $1,844,195 in fiscal 2025;

• The year-to-date net income for Q3 fiscal 2026 was $0.64 per share, compared to $1.43 net income per share in Q3 fiscal 2025.

• Compensation from an expropriation claim against Metrolinx and from insurance recovery following a fire at an investment property have resulted in gains of $330.874 and $362,526 respectively.

FINANCIAL HIGHLIGHTS

Total revenues for the nine months ended January 31, 2026, increased $21,289 compared to the nine months ended January 31, 2025, a result of increased property revenue partially offset by reduced finance income.

Components of the $1,429,206 decrease in net income for the nine months ended January 31, 2026 compared to the nine months ended January 31, 2025 are:

Changes in Net Income - Nine months ended January 31, 2026
compared to nine months ended January 31, 2025

Investment property capitalization rates were unchanged during the nine months ended January 31, 2026. Compared to the nine months ended January 31, 2025, there was a $2,135,443 unfavourable change in the fair value adjustment to investment properties.

Non-IFRS financial measures

Net operating income

The non-IFRS financial measure Net Operating Income for the nine months ended January 31, 2026, was $1,851,281, a $7,086 increase compared with the previous year.

Funds from operations and adjusted funds from operations

For the nine months ended January 31, 2026, the Company recorded Adjusted funds from operations of $586,461 ($0.32 per share) compared to $589,710 ($0.33 per share) in 2025.

STRATEGIC REVIEW

The 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.

DIVIDEND

The Directors of the Company have declared the regular semi-annual dividend on Class B Special and Common Shares of 40 cents per share. This dividend of 40 cents will be paid to those shareholders of record as of March 20, 2026, and payable on March 31, 2026.

The dividends for Canadian tax purposes will be considered as an eligible dividend.

The Company's interim financial statements for the nine months ended January 31, 2026, along with the Management's Discussion and Analysis will be filed with SEDAR at www.sedar.com.

Readers 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.

For the Board of Directors
G.W.J. Pottow, President
Tel: 416-698-2591

SOURCE: The Becker Milk Company Limited