TWC earnings rose to C$27.710 million in the third quarter of 2026 from C$16.929 million a year earlier, as the golf club operator reported a modest increase in operating revenue.

Key Takeaways

  • Quarterly basic and diluted earnings per share rose to C$1.15 from C$0.70.
  • Canadian championship golf rounds fell to 604,000 from 626,000 in the quarter.
  • Nine-month operating revenue declined, even as net earnings increased.

TWC earnings and revenue

TWC Enterprises reported on October 30 that operating revenue for the three months ended September 30, 2026, rose to C$77.910 million from C$76.699 million a year earlier. The results were unaudited.

The company recorded C$7.875 million in other items in the quarter, compared with a negative C$1.816 million a year earlier. Net operating income was C$26.841 million, up from C$24.719 million.

Golf operations and nine-month results

Canadian golf club operations generated C$28.098 million in net operating income in the quarter, up from C$26.031 million a year earlier. US golf club operations posted a C$365,000 net operating loss, compared with a C$199,000 loss.

For the nine months ended September 30, net earnings rose to C$53.312 million from C$39.492 million, while operating revenue fell to C$171.022 million from C$179.023 million. Real estate revenue was C$8.153 million, compared with C$18.721 million in the prior-year period.

Eligible dividend

The announcement also referred to an eligible dividend, although the available extract did not specify its amount or payment dates. The Canada Revenue Agency’s definition of an eligible dividend explains the designation for a taxable dividend paid to a Canadian resident.

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