Significant EBITDA Growth
Adjusted EBITDA for Q4 2024 was $38 million, up nearly $10 million from the same quarter last year. For the full year, consolidated adjusted EBITDA grew over 25% to $142 million compared to $110 million in 2023.
Impressive Sugar Segment Performance
Revenue in the Sugar segment grew by almost 7% in Q4 and nearly 12% for the full year. Adjusted EBITDA for this segment increased year-over-year by just under 45% for the quarter and over 25% for the full fiscal year.
Strong Recovery in Maple Segment
Maple segment sales volume increased by 15% in Q4 and 7% for the full year. Adjusted EBITDA for the full year grew over 35% to $18 million.
Free Cash Flow Increase
Full year free cash flow increased by 60% to $73 million compared to $46 million in 2023.
Project LEAP Progress
Continued progress on the LEAP project with construction underway, aiming to add 100,000 metric tons of production capacity in Eastern Canada.