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Mar 5, 2026 8:01 PM

TWC Enterprises Limited Announces 2025 Year End Results And Increase In Eligible Dividend

KING CITY, Ontario, March 05, 2026 (GLOBE NEWSWIRE) --

Consolidated Financial Highlights

(in thousands of dollars except per share amounts)

Three months ended

Year ended

December 31, 2025

December 31, 2024

December 31, 2025

December 31, 2024

Net earnings (loss)

$ 16,137

($4,580)

$ 55,629

$40,597

Basic and diluted earnings (loss) per share

$0.67

($0.19)

$2.29

$1.66

Operating Data

Three months ended

Year ended

December 31,2025

December 31,2024

December 31,2025

December 31,2024

Canadian Full Privilege Golf Members

14,867

14,951

Championship rounds, Canada

153,000

174,000

1,184,000

1,140,000

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.

55,000

51,000

219,000

217,000

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

6.5

6.5

The following is an analysis of net earnings:

Year Ended

Year Ended

(thousands of Canadian dollars)

December 31, 2025

December 31, 2024

Operating revenue

$

227,525

$

241,560

Direct operating expenses(1)

171,677

197,504

Net operating income(1)

55,848

44,056

Amortization of membership fees

4,859

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