Globenewswire·2025-11-27 12:01Core Insights - Rogers Sugar Inc. reported strong fourth quarter and full-year results, demonstrating resilience in a challenging market, with consolidated adjusted EBITDA of $39.5 million for Q4 2025 and $150.4 million for the fiscal year [1][2][3] Financial Performance - Q4 2025 revenues were $322.7 million, a decrease from $333.0 million in Q4 2024, while year-to-date revenues increased to $1.31 billion from $1.23 billion [2][3] - Gross margin for Q4 2025 was $44.0 million, down from $49.7 million in Q4 2024, but adjusted gross margin increased to $51.9 million from $50.1 million [2][3] - Adjusted net earnings for Q4 2025 were $19.8 million, compared to $18.8 million in Q4 2024, with adjusted net earnings per share rising to $0.16 from $0.14 [3][44] Sugar Segment Highlights - Sugar segment revenues for Q4 2025 were $259.0 million, down from $272.8 million in Q4 2024, while adjusted EBITDA increased to $35.1 million from $34.2 million [5][6] - Sales volume in the Sugar segment for fiscal 2025 was 781,500 metric tonnes, an increase of 28,100 metric tonnes compared to fiscal 2024 [6][8] - Adjusted gross margin per metric tonne in the Sugar segment increased to $237 from $217 year-over-year [10][43] Maple Segment Highlights - Maple segment revenues for Q4 2025 were $63.7 million, up from $60.2 million in Q4 2024, with adjusted EBITDA increasing to $4.4 million from $4.1 million [12][13] - Sales volume in the Maple segment for fiscal 2025 was 14% higher than the previous year, driven by increased sales to existing and new customers [6][12] LEAP Project - The LEAP Project aims to expand refining and logistics capacity in Eastern Canada, with an expected total cost between $280 million and $300 million, and anticipated in-service in the first half of 2027 [16][20] - As of September 27, 2025, $128.4 million had been capitalized for the LEAP Project, including $95.2 million spent in fiscal 2025 [22][24] Outlook - The company expects continued strong financial results in 2026, with stable underlying demand for sugar and anticipated pricing increases aligned with inflation [23][25] - Projected sales volume for the Sugar segment in 2026 is estimated between 750,000 and 770,000 metric tonnes, reflecting a slight reduction compared to 2025 [25][26] - The Maple segment is expected to see a sales volume growth of approximately 3% in 2026, contingent on market conditions and potential US tariffs [33][34]