Northwire Canada EditionThursday, October 15, 2026
Northwire
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Earnings

Canada Packers Inc. Reports Fourth Quarter and Full Year 2025 Financial Results

CPKR · Price

Executive Summary

  • Canada Packers reported FY 2025 sales of C$1,836.4 M (+10.7% YoY) and Q4 sales of C$429.4 M (+1.3% YoY).
  • Adjusted EBITDA rose to C$207.5 M for the year (+42% YoY) and C$46.3 M in Q4 (+2.7% YoY); however, GAAP earnings fell sharply (Q4 EPS C$0.78 vs C$1.70 prior year).
  • The Board declared a quarterly dividend of $0.23 per share payable March 31, 2026; net debt stood at C$341.7 M (net‑debt/EBITDA = 1.6×).

Key Details

  • Sales – FY 2025: C$1,836.4 M (+10.7% YoY); Q4 2025: C$429.4 M (+1.3%).
  • Cost of Goods Sold – FY 2025: C$1,583.6 M (+10.9% YoY); Q4 2025: C$363.8 M (+10.3%).
  • Gross Profit – FY 2025: C$252.8 M (+9.5% YoY); Q4 2025: C$65.6 M (‑30.4% YoY). Gross margin FY 2025 = 13.8%; Q4 2025 = 15.3%.
  • SG&A Expenses – FY 2025: C$81.0 M (+23.5% YoY); Q4 2025: C$23.6 M (+61.7% YoY).
  • Interest Expense – FY 2025: C$10.3 M (↑128% YoY); Q4 2025: C$7.1 M (↑ nm vs prior year).
  • Net Debt – C$341.7 M; cash C$54.3 M; long‑term debt C$396.0 M; net‑debt/EBITDA = 1.6×.
  • Adjusted EBITDA – FY 2025: C$207.5 M (+42% YoY); Q4 2025: C$46.3 M (+2.7%). Adjusted EBITDA margin FY 2025 = 11.3%; Q4 2025 = 10.8%.
  • Adjusted Operating Earnings – FY 2025: C$160.3 M (+62% YoY); Q4 2025: C$34.5 M (‑0.6%).
  • Earnings per Share (GAAP) – Basic & Diluted Q4 2025: $0.78 (‑54.1% YoY); FY 2025: $3.58 (‑1.8% YoY).
  • Adjusted EPS – Q4 2025: $0.63 (‑20.3% YoY); FY 2025: $3.55 (+57.1% YoY).
  • Hogs Processed – FY 2025: 4,167 k (↑4.3% YoY); Q4 2025: 1,035 k (↑1.7%). Internally raised share FY 2025 = 46.7% (↑2.5%); Q4 2025 = 46.8% (↑2.3%).
  • Free Cash Flow – FY 2025: C$170.0 M (↑95% YoY); Q4 2025: C$36.7 M (↑57% YoY). Adjusted Free Cash Flow FY 2025: C$145.0 M (‑31% YoY); Q4 2025: C$18.3 M (‑48%).
  • Dividend – Quarterly dividend $0.23 per share, payable 31 Mar 2026; annualized $0.92 per share, eligible for enhanced dividend tax credit.

Notable Quotes

“During the fourth quarter we delivered best‑in‑class profitability…we will capitalize on our near‑term growth opportunity and strengthen our balance sheet,” – Dennis Organ, President & CEO.

Read the original news release →

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