Saputo Inc., reported its financial results for the third quarter of fiscal 2025, which ended on December 31, 2024.
Fiscal 2025 Third Quarter Financial Highlights – Revenues amounted to $4.994 billion, up $727 million or 17.0%. Net loss totalled $518 million. A non-cash goodwill impairment charge of $674 million after tax was recorded in relation to the Dairy Division (UK) in the Europe Sector. Net loss per share (EPS) (basic and diluted) were $1.22, compared to $0.29. Adjusted EBITDA1 amounted to $417 million, up $47 million or 12.7%. Adjusted net earnings1 totalled $167 million, up from $163 million, and adjusted EPS1 (basic and diluted) were stable at $0.39.
Carl Colizza, president and CEO, said, “In the third quarter, our strong execution resulted in our highest adjusted EBITDA1 performance since 2023, with $417 million, reflecting a 13% year-over-year increase. We made significant strides in executing our strategic playbook and controlling costs, and benefited from accelerated contributions from our recently completed capital projects. Our solid cash generation also enabled us to return additional cash to shareholders through our share buyback program. We’re confident in our ability to continue generating steady cash flows and we intend to focus our capital allocation strategy on share repurchases. As a result, we increased the total number of shares that can be purchased under our NCIB from 2% to 5% of shares outstanding.”
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