TWC Enterprises Limited Announces Second Quarter 2025 Results And Eligible Dividend

KING CITY, Ontario, Aug. 01, 2025 (GLOBE NEWSWIRE) --  

Consolidated Financial Highlights (unaudited)

(in thousands of dollars except per share amounts)

Three months ended

Six months ended

 

June 30,2025

June 30,2024

June 30,2025

June 30,2024

Net earnings

21,479

3,159

22,563

2,458

Basic and diluted earnings per share

0.88

0.13

0.93

0.10

Operating Data

 

Three months ended

Six months ended

 

June 30,2025

June 30,2024

June 30,2025

June 30,2024

Canadian Full Privilege Golf Members

 

 

14,999

15,063

Championship rounds, Canada

405,000

399,000

405,000

399,000

18-hole equivalent championship golf courses, Canada

 

 

37.0

35.5

18-hole equivalent managed championship golf courses, Canada

 

 

3.5

3.5

Championship rounds, U.S.

46,000

46,000

130,000

136,000

18-hole equivalent championship golf courses, U.S.

 

 

6.5

6.5

The following is an analysis of net earnings:

 

 

For the three months ended

(thousands of Canadian dollars)

 

June 30, 2025

June 30, 2024

 

 

 

 

Operating revenue

 

$

61,560

 

$

62,183

 

Direct operating expenses(1)

 

 

47,326

 

 

53,049

 

 

 

 

 

Net operating income(1)

 

 

14,234

 

 

9,134

 

 

 

 

 

Amortization of membership fees

 

 

1,200

 

 

1,126

 

 

 

 

 

Depreciation and amortization

 

 

(3,559

)

 

(3,681

)

 

 

 

 

Interest, net and investment income

 

 

2,321

 

 

2,813

 

 

 

 

 

Other items

 

 

12,605

 

 

(3,902

)

 

 

 

 

Income taxes

 

 

(5,322

)

 

(2,331

)

 

 

 

 

Net earnings

 

$

21,479

 

$

3,159

 

 

 

 

 

 

 

For the six months ended

(thousands of Canadian dollars)

 

June 30, 2025

June 30, 2024

 

 

 

 

Operating revenue

 

$

102,324

 

$

127,529

 

Direct operating expenses(1)

 

 

79,957