Saputo Reports Financial Results for Third Quarter of Fiscal 2025

Saputo Inc., a leading global dairy processor, has published its financial outcomes for the third quarter of fiscal 2025, concluded on December 31, 2024. Saputo witnessed revenues rise to $4.994 billion, marking an increase of $727 million or 17.0% from previous figures. Despite this growth, the company reported a net loss of $518 million, primarily due to a non-cash goodwill impairment charge of $674 million after tax, associated with the Dairy Division (UK) in the Europe Sector.

Financial Highlights and Strategic Initiatives

The financial period also indicated net loss per share (EPS) at $1.22, a stark contrast to $0.29 in the preceding period. On a positive note, the Adjusted EBITDA reached $417 million, showing an uplift of $47 million or 12.7%. Adjusted net earnings rose to $167 million from $163 million, and adjusted EPS remained stable at $0.39.

Carl Colizza, President and CEO of Saputo, emphasized the company's strategic advances and cost control measures that facilitated achieving the highest adjusted EBITDA since 2023. He noted, “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.”

Future Outlook

Colizza expressed confidence in Saputo's continued cash flow generation potential, particularly through strategic capital allocation and share buybacks. The company has decided to increase its NCIB share purchase capacity from 2% to 5% of shares outstanding. This focus is aimed at providing consistent shareholder returns while intensifying efforts on significant capital projects and maintaining robust market presence.