None
SEDAR Interim Financial Statements
RSI · Price
[
{
"companyName": "ROGERS SUGAR INC.",
"balanceSheet": {
"december27_2025": {
"cash": 1753,
"tradeAndOtherReceivables": 107783,
"inventories": 281816,
"prepaidExpenses": 6596,
"derivativeFinancialInstruments": 4237,
"totalCurrentAssets": 402185,
"propertyPlantAndEquipment": 428277,
"rightOfUseAssets": 25175,
"intangibleAssets": 12802,
"otherAssets": 1222,
"employeeBenefits": 41038,
"goodwill": 233007,
"totalNonCurrentAssets": 741521,
"totalAssets": 1143706,
"tradeAndOtherPayables": 161457,
"incomeTaxesPayable": 7828,
"provisions": 4543,
"leaseObligations": 5870,
"convertibleUnsecuredSubordinatedDebentures": 0,
"derivativeFinancialInstrumentsLiabilities": 3261,
"totalCurrentLiabilities": 182959,
"revolvingCreditFacility": 161000,
"employeeBenefitsLiabilities": 18590,
"provisionsNonCurrent": 2060,
"derivativeFinancialInstrumentsNonCurrent": 3489,
"leaseObligationsNonCurrent": 21015,
"convertibleUnsecuredSubordinatedDebenturesNonCurrent": 108145,
"termLoans": 21038,
"seniorGuaranteedNotes": 98686,
"deferredTaxLiabilities": 51958,
"totalNonCurrentLiabilities": 485981,
"totalLiabilities": 668940,
"shareCapital": 222692,
"contributedSurplus": 301092,
"equityPortionOfConvertibleUnsecuredSubordinatedDebentures": 1966,
"deficit": -96468,
"accumulatedOtherComprehensiveIncome": 45484,
"totalShareholdersEquity": 474766,
"totalLiabilitiesAndShareholdersEquity": 1143706,
"cashPerShare": 0.0137,
"workingCapitalPerShare": 1.7109
},
"december28_2024": {
"cash": 17452,
"tradeAndOtherReceivables": 127502,
"inventories": 339035,
"prepaidExpenses": 6090,
"derivativeFinancialInstruments": 1323,
"totalCurrentAssets": 491402,
"propertyPlantAndEquipment": 349699,
"rightOfUseAssets": 26318,
"intangibleAssets": 16609,
"otherAssets": 1004,
"employeeBenefits": 23189,
"goodwill": 233007,
"totalNonCurrentAssets": 649826,
"totalAssets": 1141228,
"tradeAndOtherPayables": 171059,
"incomeTaxesPayable": 8305,
"provisions": 6667,
"leaseObligations": 5273,
"convertibleUnsecuredSubordinatedDebentures": 154403,
"derivativeFinancialInstrumentsLiabilities": 8993,
"totalCurrentLiabilities": 354700,
"revolvingCreditFacility": 163000,
"employeeBenefitsLiabilities": 19248,
"provisionsNonCurrent": 1195,
"derivativeFinancialInstrumentsNonCurrent": 5143,
"leaseObligationsNonCurrent": 22310,
"convertibleUnsecuredSubordinatedDebenturesNonCurrent": 0,
"termLoans": 5595,
"seniorGuaranteedNotes": 98463,
"deferredTaxLiabilities": 41484,
"totalNonCurrentLiabilities": 356438,
"totalLiabilities": 711138,
"shareCapital": 222037,
"contributedSurplus": 301069,
"equityPortionOfConvertibleUnsecuredSubordinatedDebentures": 5085,
"deficit": -132620,
"accumulatedOtherComprehensiveIncome": 34519,
"totalShareholdersEquity": 430090,
"totalLiabilitiesAndShareholdersEquity": 1141228,
"cashPerShare": 0.1364,
"workingCapitalPerShare": 1.0684
},
"september27_2025": {
"cash": 8545,
"tradeAndOtherReceivables": 129569,
"inventories": 290306,
"prepaidExpenses": 8844,
"derivativeFinancialInstruments": 2555,
"totalCurrentAssets": 439819,
"propertyPlantAndEquipment": 408063,
"rightOfUseAssets": 26378,
"intangibleAssets": 13755,
"otherAssets": 1294,
"employeeBenefits": 40527,
"goodwill": 233007,
"totalNonCurrentAssets": 723024,
"totalAssets": 1162843,
"tradeAndOtherPayables": 211209,
"incomeTaxesPayable": 19524,
"provisions": 4777,
"leaseObligations": 5683,
"convertibleUnsecuredSubordinatedDebentures": 0,
"derivativeFinancialInstrumentsLiabilities": 5667,
"totalCurrentLiabilities": 246860,
"revolvingCreditFacility": 147000,
"employeeBenefitsLiabilities": 18624,
"provisionsNonCurrent": 2060,
"derivativeFinancialInstrumentsNonCurrent": 4085,
"leaseObligationsNonCurrent": 22278,
"convertibleUnsecuredSubordinatedDebenturesNonCurrent": 107796,
"termLoans": 6350,
"seniorGuaranteedNotes": 98630,
"deferredTaxLiabilities": 50707,
"totalNonCurrentLiabilities": 457530,
"totalLiabilities": 704390,
"shareCapital": 222692,
"contributedSurplus": 301081,
"equityPortionOfConvertibleUnsecuredSubordinatedDebentures": 1966,
"deficit": -113481,
"accumulatedOtherComprehensiveIncome": 46195,
"totalShareholdersEquity": 458453,
"totalLiabilitiesAndShareholdersEquity": 1162843,
"cashPerShare": null,
"workingCapitalPerShare": null
}
},
"incomeStatement": {
"forTheThreeMonthsEndedDecember27_2025": {
"revenues": 298189,
"costOfSales": 232287,
"grossMargin": 65902,
"administrationAndSellingExpenses": 13956,
"distributionExpenses": 7193,
"resultsFromOperatingActivities": 44753,
"netFinanceCosts": 5974,
"earningsBeforeIncomeTaxes": 38779,
"incomeTaxExpenseCurrent": 8819,
"incomeTaxExpenseDeferred": 1411,
"netEarnings": 28549,
"netEarningsPerShareBasic": 0.22,
"netEarningsPerShareDiluted": 0.21,
"otherComprehensiveLossIncome": -711,
"netEarningsAndComprehensiveIncome": 27838,
"weightedAverageSharesOutstandingBasic": 128181916
},
"forTheThreeMonthsEndedDecember28_2024": {
"revenues": 331329,
"costOfSales": 284589,
"grossMargin": 46740,
"administrationAndSellingExpenses": 13522,
"distributionExpenses": 6212,
"resultsFromOperatingActivities": 27006,
"netFinanceCosts": 5404,
"earningsBeforeIncomeTaxes": 21602,
"incomeTaxExpenseCurrent": 10160,
"incomeTaxExpenseDeferred": -4366,
"netEarnings": 15808,
"netEarningsPerShareBasic": 0.12,
"netEarningsPerShareDiluted": 0.11,
"otherComprehensiveLossIncome": 2698,
"netEarningsAndComprehensiveIncome": 18506,
"weightedAverageSharesOutstandingBasic": 127947150
}
},
"cashFlowStatement": {
"forTheThreeMonthsEndedDecember27_2025": {
"netEarnings": 28549,
"depreciationOfPropertyPlantAndEquipmentAndRightOfUseAssets": 6335,
"amortizationOfIntangibleAssets": 929,
"changesInFairValueOfDerivativeFinancialInstrumentsIncludedInCostOfSales": -5427,
"incomeTaxExpense": 10230,
"pensionContributions": -2337,
"pensionExpense": 1792,
"netFinanceCosts": 5974,
"gainOnDisposalOfPropertyPlantAndEquipment": 0,
"shareBasedCompensationEquitySettled": 11,
"shareBasedCompensationCashSettled": 496,
"changesInTradeAndOtherReceivables": 21737,
"changesInInventories": 8277,
"changesInPrepaidExpenses": 2247,
"changesInTradeAndOtherPayables": -50950,
"changesInProvisions": -234,
"cashFlowsUsedInFromOperatingActivities": 27629,
"interestPaid": -4003,
"incomeTaxesPaid": -20508,
"netCashFromUsedInOperatingActivities": 3118,
"dividendsPaid": -11536,
"increaseInRevolvingCreditFacility": 14000,
"paymentOfFinancingFees": -223,
"paymentOfLeaseObligations": -1809,
"proceedsFromTermLoans": 16469,
"issuanceOfShares": 0,
"cashFlowUsedInFromFinancingActivities": 16901,
"additionsToPropertyPlantAndEquipmentNetOfProceedsOnDisposal": -26799,
"cashFlowUsedInInvestingActivities": -26799,
"effectOfChangesInExchangeRateOnCash": -12,
"netDecreaseIncreaseInCash": -6792,
"cashBeginningOfPeriod": 8545,
"cashEndOfPeriod": 1753
},
"forTheThreeMonthsEndedDecember28_2024": {
"netEarnings": 15808,
"depreciationOfPropertyPlantAndEquipmentAndRightOfUseAssets": 6681,
"amortizationOfIntangibleAssets": 937,
"changesInFairValueOfDerivativeFinancialInstrumentsIncludedInCostOfSales": 11980,
"incomeTaxExpense": 5794,
"pensionContributions": -2244,
"pensionExpense": 1827,
"netFinanceCosts": 5404,
"gainOnDisposalOfPropertyPlantAndEquipment": -3,
"shareBasedCompensationEquitySettled": 21,
"shareBasedCompensationCashSettled": 986,
"changesInTradeAndOtherReceivables": -6555,
"changesInInventories": -48103,
"changesInPrepaidExpenses": 1292,
"changesInTradeAndOtherPayables": -30871,
"changesInProvisions": -604,
"cashFlowsUsedInFromOperatingActivities": -37650,
"interestPaid": -2490,
"incomeTaxesPaid": -360,
"netCashFromUsedInOperatingActivities": -40500,
"dividendsPaid": -11513,
"increaseInRevolvingCreditFacility": 63000,
"paymentOfFinancingFees": -34,
"paymentOfLeaseObligations": -1685,
"proceedsFromTermLoans": 7399,
"issuanceOfShares": 676,
"cashFlowUsedInFromFinancingActivities": 57843,
"additionsToPropertyPlantAndEquipmentNetOfProceedsOnDisposal": -19272,
"cashFlowUsedInInvestingActivities": -19272,
"effectOfChangesInExchangeRateOnCash": 260,
"netDecreaseIncreaseInCash": -1669,
"cashBeginningOfPeriod": 19121,
"cashEndOfPeriod": 17452
}
},
"investmentsAndOtherAssets": [
{
"type": "Derivative Financial Instruments",
"description": "Sugar futures contracts, foreign exchange forward contracts, natural gas futures contracts, interest rate swaps",
"value": 4237,
"notes": "Measured at fair value through profit or loss or designated as effective cash flow hedging instruments. Includes current assets."
},
{
"type": "Investment in Subsidiaries",
"description": "Directly and indirectly controlled subsidiaries: Lantic Inc., Lantic Maple Inc., Highland Sugarworks Inc.",
"value": null,
"notes": "Consolidated in financial statements. Principal business activities are sugar refining and maple products."
},
{
"type": "Intangible Assets",
"description": "Includes brand names, customer relationships, technology",
"value": 12802,
"notes": "Amortized over useful lives."
},
{
"type": "Goodwill",
"description": "Goodwill from business combinations",
"value": 233007,
"notes": "Not amortized, tested for impairment annually."
},
{
"type": "Right-of-Use Assets",
"description": "Leased assets under IFRS 16",
"value": 25175,
"notes": "Primarily related to property and equipment leases."
}
],
"shareStructure": {
"authorizedShares": null,
"issuedShares": 128181916,
"classesOfShares": ["Common shares"],
"warrants": [],
"options": [
{
"number": 64000,
"exercisePrice": 4.28,
"expiryDate": null
},
{
"number": 78461,
"exercisePrice": 4.68,
"expiryDate": null
},
{
"number": 133669,
"exercisePrice": 5.58,
"expiryDate": null
},
{
"number": 632016,
"exercisePrice": 5.85,
"expiryDate": null
},
{
"number": 752564,
"exercisePrice": 5.85,
"expiryDate": null
},
{
"number": 391954,
"exercisePrice": 6.23,
"expiryDate": null
},
{
"number": 210000,
"exercisePrice": 6.51,
"expiryDate": null
},
{
"number": 2262664,
"exercisePrice": 5.85,
"expiryDate": null
}
],
"rights": null,
"convertibleInstruments": "Eighth series 6.0% convertible unsecured subordinated debentures, maturing June 30, 2030, conversion price $7.10 per share. Ninth series 5.5% convertible unsecured subordinated debentures, maturing January 31, 2033, conversion price $7.91 per share.",
"notes": "As of December 27, 2025, 128,181,916 common shares outstanding. Quarterly dividend of $0.09 per share declared. During Q1 2026, no stock options exercised. During Q1 2025, 150,352 stock options exercised for proceeds of $676."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonthsEndedDecember27_2025": {
"salariesAndBenefits": null,
"shareBasedCompensation": 307000,
"cashBonus": null,
"nonCashBenefits": null,
"pensionAndOther": null,
"severance": null,
"totalRemuneration": null,
"notes": "Share-based compensation includes equity-settled ($11,000) and cash-settled PSUs ($296,000). Options outstanding held by key management personnel: 1,927,266."
},
"threeMonthsEndedDecember28_2024": {
"salariesAndBenefits": null,
"shareBasedCompensation": 1007000,
"cashBonus": null,
"nonCashBenefits": null,
"pensionAndOther": null,
"severance": null,
"totalRemuneration": null,
"notes": "Share-based compensation includes equity-settled ($21,000) and cash-settled PSUs ($986,000). Options outstanding held by key management personnel: 2,175,135."
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [],
"balancesDueToRelatedParties": {}
}
}
]
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