Sucro signs raw sugar supply agreement with HMC Farms

Mr. Don Hill reports SUCRO ANNOUNCES STRATEGIC U.S. DOMESTIC RAW SUGAR SUPPLY AGREEMENT WITH HMC FARMS TO SUPPORT NEW U.S. REFINING CAPACITY Sucro Ltd. has signed a raw sugar supply agreement with HMC Farms LLC, one of Louisiana's largest cane growers, and owned by Hugh Andre and his bothers Chris Andre and Mike Andre. The agreement will support operations at Sucro's new refinery in University Park, Ill., strengthening newly built domestic refining capacity while expanding market opportunities for U.S. cane growers. The University Park refinery represents a significant advancement in modern U.S. sugar refining infrastructure. It operates as a true granular refinery, and will produce a broad range of refined granular sugar products, including U.S. standard granulated (ECJ) sugar, multiple specialty granulation sizes tailored to customer specifications, and specialty sugars such as brown, yellow and powdered sugars Once fully operational, the new University Park refinery is expected to reach approximately 350,000 metric tonnes of annual production, adding important new refining capacity for domestically produced cane sugar, and helping strengthen the reliability, resilience and efficiency of the U.S. sugar supply chain. At a time when U.S. refining capacity remains limited due to other competitive refinery closures, the University Park facility will provide an important new outlet for American cane sugar production, strategically and advantageously located in the heart of the Midwest. Hugh Andre, owner of HMC Farms LLC, said the agreement represents an important step for Louisiana's cane growers. "Louisiana's cane growers depend on strong refining partners and reliable markets for our production," Mr. Andre said. "Sucro's investment in the University Park refinery will create meaningful new demand for raw sugar. With the refinery expected to reach approximately 350,000 metric tonnes of annual capacity, it will be an important and reliable outlet for our crop, and will help support continued growth in Louisiana's cane acreage for years to come." Jonathan Taylor, founder and chief executive officer of Sucro, said the agreement reflects the company's commitment to working closely with American sugar cane growers while investing in modern and efficient refining infrastructure. "Sucro's strategy is centered on building strong partnerships with domestic growers and investing in efficient refining infrastructure in the United States," Mr. Taylor said. "The University Park refinery strengthens domestic refining capacity while providing our customers with high-quality refined sugar products, produced through modern and efficient processes, and readily available to their nearby food manufacturing plants throughout the Midwest." As part of its supply strategy and agreement, Sucro will prioritize and pay a premium for domestically produced sugar whenever possible, reinforcing the company's commitment to U.S. cane growers and the long-term stability of the domestic sugar industry. As part of this strategy and agreement, imports of molasses products are expected to be significantly reduced or eliminated, with any remaining volumes limited primarily to specialized applications required for certain products and customers but not expected to exceed 2,000 metric tonnes per month or 24,000 metric tonnes per year. This approach is supported by Sucro's modern refining configuration, including the capabilities of Sucro's new Hamilton, Ont., refinery, which allows for maximum sugar recovery and more efficient utilization of domestic raw sugar supplies, and the closing of its less efficient and older sugar refinery in Hamilton, Ont., which is expected to occur in April, 2026. Sucro also announced that part of its long-term strategy is to work closely with HMC Farms to support the continued growth of Louisiana cane acreage. In support of this effort, Sucro has recently purchased its first cane farm in Louisiana, which will be managed and operated by HMC Farms. The initiative is intended to help expand acreage and strengthen domestic supply, with the potential for additional land acquisitions over time as part of Sucro's long-term commitment to supporting U.S. cane growers. The University Park refinery will serve as a key operation for Sucro's expanding refining network, supplying customers throughout the Midwest and across North America, and is strategically located to effectively utilize Louisiana grown sugar. About Sucro Ltd. Sucro is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customers. Sucro's integrated supply chain includes sourcing raw and refined sugar from countries throughout Latin America, and refined sugar from its own refineries, and delivering to customers in North America and the Caribbean. Since its inception in 2014, Sucro has achieved growth by creating value for customers through continuous process innovation and supply chain re-engineering. Sucro has established a broad production, sales and sourcing network throughout North America with two cane sugar refineries and an additional value-added processing facility, and three sugar cane refineries under development in Hamilton, Ont., University Park, Ill. (a suburb of Chicago) and Belize (under a joint venture with Santander Sugar Group). The company has offices in Miami, Mexico City, Cali, Sao Paulo and Port of Spain. About HMC Farms LLC HMC Farms is a Louisiana-based cane farming operation led by Hugh Andre and his brothers Chris Andre and Mike Andre. A first-generation cane farming business, HMC Farms has grown rapidly through a strong focus on operational efficiency, innovation and disciplined farm management. Today, HMC Farms is recognized as one of the largest and most efficient cane farming operations in the state of Louisiana. We seek Safe Harbor.