Record-Breaking Quarter
The first quarter of fiscal 2025 was the best quarter in Rogers Sugar's history, with consolidated revenue increasing by 12% to CAD323 million and adjusted EBITDA increasing by 29% to nearly CAD40 million.
Sugar Segment Growth
The Sugar segment saw an 8% increase in volumes and a 30% increase in adjusted EBITDA to CAD34 million, benefiting from higher volumes and improved operating efficiencies.
Maple Segment Recovery
The Maple segment reported a 13% increase in sales volume and a 22% increase in adjusted EBITDA, driven by market recovery and operational improvements.
Strong Financial Performance
The company reported a free cash flow increase of CAD42 million over the last 12 months, supporting a strong balance sheet and maintaining a dividend of $0.09 per share.
LEAP Project Progress
The LEAP project, aimed at expanding production capacity in Eastern Canada, is on track and expected to be completed by the end of 2026, with an estimated cost between CAD280 and CAD300 million.