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.
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