SunOpta Announces Third Quarter Fiscal 2025 Financial Results

Executive Summary

• SunOpta reported Q3 2025 revenue of $205.4 M, up 16.8% YoY, driven by strong volume growth across beverages, broths and fruit snacks.
• Adjusted earnings rose to $6.0 M ($0.05 per diluted share) from $1.8 M a year earlier; adjusted EBITDA increased 13.4% to $23.6 M.
• The company updated its FY 2025 outlook (Revenue $812‑$816 M, Adj. EBITDA $90‑$92 M) and provided an initial FY 2026 outlook (Revenue $865‑$880 M, Adj. EBITDA $102‑$108 M).

Key Details

• Revenue: $205.4 M (↑16.8% YoY); prior year Q3 revenue $175.9 M.
• Gross Profit: $25.5 M (↑11.4% YoY); gross margin 12.4% vs 13.0% last year.
• Adjusted Gross Margin: 13.6% (down from 16.6% prior year, reflecting wastewater and tote‑exit costs).
• Operating Income: $6.9 M (↑$6.1 M YoY); includes $2.6 M non‑cash asset impairment charges.
• Earnings from Continuing Operations: $0.8 M vs a loss of $6.2 M YoY; diluted EPS $0.01 vs –$0.05 prior year.
• Adjusted Earnings (GAAP): $6.0 M ($0.05 per diluted share) vs $1.8 M ($0.02) last year.
• Adjusted EBITDA: $23.6 M (↑13.4% YoY).
• Balance Sheet (9/27/2025): Total assets $694.1 M; total debt $265.8 M; net leverage 2.8× (down from 3.0× FY 2024).
• Cash Flow: Operating cash provided $34.1 M vs $19.2 M YoY; investing cash used $22.9 M; financing cash used $9.8 M.
• Capital Projects: Announced a new aseptic manufacturing line at Midlothian, TX ( >50% subscribed, online late‑2026) and previously announced fruit‑snack line in Omak, WA.
• Outlook Updates:
• FY 2025 Revenue $812‑$816 M (previously $805‑$815 M).
• FY 2025 Adj. EBITDA $90‑$92 M (previously $99‑$103 M).
• FY 2026 Revenue $865‑$880 M; Adj. EBITDA $102‑$108 M.
• Conference Call: Scheduled for 5:30 PM ET, Wed Nov 5 2025 (Dial‑in: 800‑715‑9871, Conf ID 8323651).

Notable Quotes

“We delivered outstanding revenue growth in the third quarter and affirmed the strength of our competitive position… I’m proud of the team for exceeding our production targets…” – Brian Kocher, CEO.

Source: SunOpta Inc., Business Wire (2025‑11‑05).