Lassonde Industries Inc. announces its Q4 and fiscal 2025 results

Executive Summary

• Lassonde Industries reported strong Q4 2025 results with sales of $768.1 M (+4.1% YoY) and EPS of $7.92 (+99.2% YoY).
• Full‑year 2025 sales reached $2.934 B, up 7.2% (excluding FX and Summer Garden), and profit attributable to shareholders rose 31.1% to $149.7 M (EPS $21.94).
• Management reaffirmed its FY 2026 target of $3 B in sales and outlined a capital‑expenditure program of up to 7% of sales, including a US$96 M New Jersey plant slated for early‑2027 completion.

Key Details

• Q4 2025 Financial Highlights
• Sales: $768.1 M vs. $738.1 M (Δ +30.0 M)
• Gross profit: $225.0 M (+$32.1 M) – margin 29.3% of sales
• Operating profit: $71.1 M (+$28.2 M)
• Net profit attributable to shareholders: $54.0 M (EPS $7.92)
• Adjusted EBITDA: $101.8 M (+27.9%)

• Cash generated from operations: $121.5 M vs. $75.7 M prior year

• FY 2025 Financial Highlights

• Sales: $2,934.0 M (↑ $333.1 M)
• Gross profit: $801.5 M (↑ $103.4 M) – margin 27.3%
• Operating profit: $226.1 M (↑ $51.4 M)
• Net profit attributable to shareholders: $149.7 M (EPS $21.94)
• Adjusted EBITDA: $344.1 M (↑ $68.2 M)

• Total dividend declared: $4.40 per share (2025)

• Balance Sheet & Debt

• Total assets: $2,252.9 M (down 1.1% YoY)
• Long‑term debt (incl. current portion): $444.6 M (↑ $27.3 M) – primarily for capex and working capital

• Net debt: $489.3 M; net‑debt/adjusted EBITDA = 1.42×

• Dividends

• Q4 dividend of $1.10 per share paid Dec 15, 2025.

• Outlook & Guidance for FY 2026

• Sales target: $3 B (excluding FX and major shocks)
• Capital expenditures: up to 7% of sales; ~US$96 M earmarked for New Jersey plant, expected completion early 2027.
• Effective tax rate forecast: ≈22.5%

• Anticipated cost environment: lower orange‑concentrate prices partially offset by inflation in other commodities and packaging; transportation costs expected to rise.

• Strategic Updates

• New Jersey facility remains on budget & schedule.
• Continued focus on pricing discipline, portfolio optimization, and volume initiatives to sustain profitable growth.

Notable Quotes

“Lassonde concluded 2025 with strong financial performance… driven by solid execution on pricing in Canada and higher volume in our U.S. business.” – Vince Timpano, CEO

“Our priority remains executing our strategy, which includes the construction of our New Jersey facility… on budget, and on schedule for completion in early 2027.” – Vince Timpano, CEO