Maple Segment Record Performance
The Maple segment enjoyed record revenue and profitability this quarter, with a 13% increase in sales volume year-over-year and record gross margins and adjusted EBITDA.
Strong Export Volumes
Export volumes in the Sugar segment increased by about 19,000 tons compared to 2024, contributing to revenue growth despite the tariff situation.
Eastern Expansion Project Progress
Progress continues on the Eastern expansion project to add 100,000 metric tons of sugar refining capacity, with construction advancing in Montreal.
Strong Cash Flow Generation
Consolidated adjusted EBITDA for the first six months increased by 8% to over $74 million, supporting a $26 million increase in free cash flow over the last 12 months.