Maple Leaf Foods Inc. ("Maple Leaf Foods" or the "Company") (TSX: MFI) today reported its financial results for the first quarter ended March 31, 2025.
"In the first quarter, we continued to build on our momentum, delivering sales growth of over 8% and Adjusted EBITDA of $166 million, a 43% increase compared to the same period last year," said Curtis Frank, President and Chief Executive Officer of Maple Leaf Foods. "Robust sales growth across Prepared Foods, Poultry, and Pork demonstrates significant progress across all areas of our business, as we delivered Adjusted EBITDA margin of 13.4%, representing a year-over-year improvement of 330 basis points."
"Looking ahead to the rest of the year, we remain focused on executing our priorities - driving profitable growth, achieving our Adjusted EBITDA outlook to meet or exceed $634 million, and completing the spin-off of our Pork operations," continued Mr. Frank.
"2025 marks the beginning of a bold new chapter as we advance our strategic blueprint and take the next steps to unlock Maple Leaf Foods as a focused, purpose-driven and protein-centric consumer packaged goods company, and unleash Canada Packers as a global leader in sustainably produced, premium quality, value-added pork products. Both companies will be uniquely positioned to meet the world's growing demand for sustainable protein, creating value for all our stakeholders," concluded Mr. Frank.
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