VANCOUVER, British Columbia, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the "Company", "Rogers", "RSI" or "our," "we", "us") (TSX: RSI) today reported results for the third quarter and first nine months of fiscal 2025. Consolidated adjusted EBITDA for the quarter rose to $36.6 million, driven by strong performance in the Company's Maple and Sugar segments. "Our strong performance reflects the steady underlying demand for our sweeteners combined with the work we have done over the years in optimizi ...

Core Viewpoint - Rogers Sugar Inc. reported strong financial results for the second quarter and first six months of fiscal 2025, with consolidated adjusted EBITDA of $34.7 million, driven by solid performance in the Sugar and Maple segments [1][2]. Financial Performance - Revenues for Q2 2025 reached $326.3 million, up from $300.9 million in Q2 2024, marking an increase of $17.4 million [2][7]. - Gross margin for Q2 2025 was $52.9 million, compared to $44.9 million in Q2 2024, reflecting improved operational efficiency [2][8]. - Adjusted net earnings for Q2 2025 were $16.2 million, a decrease from $18.9 million in Q2 2024 [2][45]. - Net earnings for Q2 2025 were $20.5 million, compared to $13.9 million in Q2 2024, indicating a significant year-over-year increase [2][45]. Segment Performance Sugar Segment - Sugar segment revenues for Q2 2025 were $260.7 million, up from $243.0 million in Q2 2024 [5][13]. - Adjusted EBITDA for the Sugar segment was $27.6 million in Q2 2025, down from $33.2 million in Q2 2024, primarily due to an unfavorable product mix and higher maintenance costs [5][12]. - Sales volumes in the Sugar segment increased to 198,246 metric tonnes in Q2 2025, a rise of approximately 10% compared to the same period last year [5][8]. Maple Segment - Maple segment revenues for Q2 2025 were $65.6 million, compared to $58.0 million in Q2 2024, reflecting a strong demand [13][17]. - Adjusted EBITDA for the Maple segment increased to $7.1 million in Q2 2025, up from $4.9 million in Q2 2024, driven by higher sales volume and lower operating expenses [6][19]. - Sales volumes in the Maple segment for the first six months of 2025 were 13% higher than the same period last year, attributed to favorable market conditions [6][17]. Capital Expenditures and Projects - The company invested $22.8 million in property, plant, and equipment during Q2 2025, with a significant portion allocated to the LEAP Project aimed at expanding sugar refining capacity [6][20]. - The LEAP Project is expected to add approximately 100,000 metric tonnes of refined sugar capacity by the end of 2026, with total costs estimated between $280 million and $300 million [20][21]. Outlook - The company anticipates continued strong performance in both the Sugar and Maple segments for the remainder of fiscal 2025, despite potential adverse impacts from US tariffs [25][36]. - The Sugar segment is expected to achieve sales volumes of 785,000 metric tonnes in fiscal 2025, reflecting a year-over-year increase of about 1% [29][30]. - The Maple segment is projected to grow by approximately 6.5% in sales volume in 2025, contingent on market conditions and potential tariffs [36][37].