Rogers Sugar AGM: Shareholders Approve Directors, KPMG Auditor and “Say on Pay” Resolution

Core Insights - Rogers Sugar shareholders approved all resolutions at the annual meeting, including director elections, auditor appointments, and a non-binding advisory "say on pay" vote [3][5][20] Financial Performance - The company reported record financial results for the fourth consecutive year, with revenue of CAD 1.3 billion, a 12% increase from the previous year [5][19] - Adjusted EBITDA reached CAD 150 million, up 6%, while adjusted net earnings increased by 9% to CAD 73 million [19] - Free cash flow rose significantly by 42% to CAD 104 million, and a quarterly dividend of CAD 0.09 was declared, yielding approximately 6% [5][10] Segment Performance - The sugar segment saw a nearly 4% year-over-year volume increase, with adjusted EBITDA rising 4% to CAD 129 million and operating margin at CAD 224 per metric ton [11][12] - The maple segment experienced a 14% increase in sales volume, achieving record adjusted EBITDA of CAD 21 million, supported by strong crop quality and availability [13] Strategic Initiatives - The company is advancing its eastern LEAP Project, with estimated costs between CAD 280 million and CAD 300 million, aimed at supporting long-term growth and meeting refined sugar demand [4][15] - Ongoing ESG initiatives were highlighted, including a materiality assessment focused on responsible sourcing and community engagement, along with the publication of the first integrated annual and ESG report [16] Future Outlook - For fiscal 2026, the company anticipates stable sugar profitability and continued strong performance in the maple segment, while remaining prepared for evolving tariffs and trade policies [17]