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Earnings

Canada Packers Inc. Reports 2025 Third Quarter Financial Results and Declares First Dividend

By The Northwire Desk — AI Analysis Nov 05, 2025 · 06:05 CPKR · 15.79 CANADA PACKERS INC CAD SHARES
CPKR · Price

Executive Summary

  • Canada Packers reported strong Q3 2025 results – Adjusted EBITDA up ~45% YoY to C$60.2 M and earnings up 31.7% to C$25.6 M, driven by higher sales (+14.7%) and modest volume growth.
  • The Board declared an inaugural quarterly dividend of $0.23 per share payable on December 31 2025, signalling confidence in cash flow generation post‑spin‑off from Maple Leaf Foods.
  • Management highlighted a pro‑forma Adjusted EBITDA estimate of C$183 M for the trailing twelve months and reaffirmed growth outlook as a standalone public company.

Key Details

  • Financial Highlights (Quarter ended Sep 30, 2025):
  • Sales: C$481.8 M (+14.7% YoY)
  • Cost of Goods Sold: C$418.6 M (+12.4%)
  • Gross Profit: C$63.2 M (+32.8%) – gross margin 13.1%
  • SG&A: C$20.5 M (+11.4%) – 4.3% of sales
  • Earnings before tax: C$37.0 M (+29.0%)
  • Net earnings: C$25.6 M (+31.7%)

  • Adjusted EBITDA (non‑IFRS): C$60.2 M (+45.4%) – margin 12.5%

  • Year‑to‑Date (9 months) Highlights:

  • Sales: C$1,407.0 M (+14.0%)
  • Adjusted EBITDA: C$161.2 M (+59.6%) – margin 11.5%

  • Net earnings: C$83.2 M (+44.2%)

  • Operational Metrics:

  • Hogs processed Q3: 1.038 million (↑3.7% YoY)
  • Internal sourcing: 47.2% of hogs (up from 44.1%)

  • External sourcing: 52.8% (down from 55.9%)

  • Dividend:

  • Declared quarterly dividend of $0.23 per common share on Nov 4 2025.

  • Payable Dec 31 2025 to shareholders of record Dec 10 2025.

  • Spin‑Off & Pro‑Forma Estimates:

  • Announced spin‑off from Maple Leaf Foods with TSX listing effective Oct 1 2025.

  • Management’s pro‑forma Adjusted EBITDA estimate for the trailing twelve months: ≈ C$183 M.

  • Cash Flow:

  • Operating cash flow Q3: C$39.1 M; free cash flow C$29.6 M; adjusted free cash flow C$42.4 M.

  • Guidance & Outlook:

  • Management expects continued earnings momentum and positive free cash generation as a standalone entity.

Notable Quotes

“We have positive momentum in our business and remain confident in our performance to close out the year… reinforcing our position as a global leader in sustainable pork.” – Dennis Organ, President & CEO

“The Board is pleased to announce our inaugural annual dividend which we expect to grow consistently.” – Michael H. McCain, Executive Chair of the Board

Read the original news release →

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