Maple Leaf Foods Reports Second Quarter 2026 Financial Results

Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Highlights⁽ⁱ⁾

• Sales were $1,020 million compared to $1,004 million for the same period last year, an increase of 1.6%.
• Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization ("Adjusted EBITDA")⁽ⁱⁱ⁾ grew to $137 million, a 4.8% increase from the same period last year, with Adjusted EBITDA Margin increasing by 40 basis points to 13.4%.
• Earnings before taxes were $58 million compared to $54 million for the same period last year.
• Earnings from continuing operations were $41 million ($0.33 basic earnings per share) compared to $39 million ($0.31 basic earnings per share) for the same period last year.
• Adjusted Basic Earnings per Share⁽ⁱⁱ⁾ was $0.44 for the quarter compared to $0.33 for the same period last year.
• Net Debt⁽ⁱⁱ⁾ was $1,070 million, with Net Debt to Trailing Twelve Months Adjusted EBITDA⁽ⁱⁱ⁾ of 2.2x compared to 2.1x at the end of the second quarter last year.
• Returned $41 million in capital to shareholders through second quarter dividend and shares repurchased under the Normal Course Issuer Bid.