Rogers Sugar Inc
TSX:RSI

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Rogers Sugar Inc
TSX:RSI
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Price: 5.98 CAD 0.5% Market Closed
Market Cap: 766.5m CAD

Rogers Sugar Inc
Investor Relations

Rogers Sugar, Inc. engages in the refining, packaging, and marketing of sugar products. The company is headquartered in Vancouver, British Columbia and currently employs 884 full-time employees. The firm operates through two segments: Sugar, which includes refined sugar and by-products and Maple, which includes maple syrup and maple-derived products. The firm operates through its wholly owned subsidiaries, Lantic Inc. (Lantic) and The Maple Treat Corporation (TMTC). Lantic’s sugar products include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups. Lantic operates cane sugar refineries in Montreal, Quebec, Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. TMTC products include maple syrup and derived maple syrup products supplied under retail private label brands sold under various brand names, such as L.B. Maple Treat, Great Northern, Decacer and Highland Sugarworks. TMTC operates bottling plants in Granby, Degelis, St-Honore-de-Shenley, Quebec and Websterville, Vermont.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Nov 27, 2025
AI Summary
Q4 2025

Record Profitability: Rogers Sugar posted its fourth consecutive year of increased profitability, with adjusted EBITDA surpassing $150 million for the first time and adjusted net earnings exceeding $72 million, up 9% from last year.

Maple Segment Growth: Maple sales volume rose 14% and revenues climbed 13% for the year, contributing a record $21.3 million in adjusted EBITDA and now making up 20% of total revenues.

LEAP Project Delayed: The major Montreal sugar expansion (LEAP) project’s completion has been pushed to the first half of 2027 to better align with market demand and ensure safety, though cost estimates remain unchanged.

Stable Sugar Margins Expected: For 2026, sugar volumes are expected to decline slightly due to lower exports, but profit margins should stay stable or edge up as the company focuses on higher-margin domestic sales.

Strong Free Cash Flow: Free cash flow improved 23% to $90 million, supporting both investments and shareholder returns. The quarterly dividend was maintained at $0.09 per share, yielding about 6%.

Resilient Despite Headwinds: Management highlighted their ability to manage through supply chain disruptions, production issues, and trade/tariff uncertainty without major impact on operations or results.

Key Financials
Adjusted EBITDA
$150 million+
Adjusted Net Earnings
$72 million+
Free Cash Flow
$90 million
Revenue (Full Year)
$1.3 billion
Revenue (Q4)
$323 million
Sugar Sales Volume (Q4)
196,000 metric tons
Adjusted EBITDA (Sugar Segment, Q4)
$35.1 million
Adjusted EBITDA (Sugar Segment, Full Year)
$129 million
Adjusted Gross Margin per Metric Ton (Q4, Sugar)
$237
Adjusted Gross Margin per Metric Ton (Full Year, Sugar)
$224
Maple Revenues (Q4)
$64 million
Maple Revenues (Full Year)
$263 million
Maple Sales Volume (Full Year)
53.4 million pounds
Adjusted EBITDA (Maple Segment, Q4)
$4.4 million
Adjusted EBITDA (Maple Segment, Full Year)
$21.3 million
Maple Gross Margin (Full Year)
10.4%
Adjusted Net Earnings per Share
$0.57
Capital Expenditures
$95 million
Dividend per Share (Quarterly)
$0.09
Dividend Yield (2025)
about 6%
Payout Ratio
approximately 64%
LEAP Project Cost Estimate
$280 million to $300 million
Other Earnings Calls

Management

Mr. Michael M. Walton
President & CEO
No Bio Available
Mr. Jean-Sebastien Couillard
VP of Finance, CFO & Corporate Secretary
No Bio Available
Mr. Patrick Dionne
Vice President of Operations Services, Supply Chain & Sustainability
No Bio Available
Mr. Roderick Terence Kirwan
Vice President of Sales & Marketing
No Bio Available
Mr. Jean-Francois Khalil
Vice President of Human Resources
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
123 Rogers Street, PO Box 2150 Stn Terminal
Contacts
+16042531131.0
www.lanticrogers.com