Maple Leaf Foods reports third quarter results
Maple Leaf Foods Inc. reported its financial results for the third quarter of 2025 reporting revenue growth of 8% with total company sales of $1,356.3 million for the third quarter, compared to $1,255.5 million for the same period last year.
According to the company’s financial results released today sales in the prepared foods, poultry, and pork operating units increased by 4.4%, 15.7%, and 10.4% respectively.
"The completion of the Canada Packers spin-off marks a defining milestone for Maple Leaf Foods, positioning us to unlock the full potential of our purpose-driven, brand-led consumer packaged goods business," said Curtis Frank, president and chief executive officer of Maple Leaf Foods. "This separation establishes two strong, independent companies, each with a clear strategic focus and the agility to pursue its own growth path, while maintaining a valued long-term partnership."
"Our third quarter results highlight the strength of that focus, with total company sales rising 8% to $1,356.3 million and Adjusted EBITDA increasing 22% to $171.4 million," Frank added. "Sales growth remained strong in our continuing operations, with our CPG business also delivering 8% growth. While Adjusted EBITDA margins in this business improved significantly year over year, we did experience a sequential step back due to a rapid and sustained increase in raw material markets which, while supportive of pork operations, pressured the CPG business within the quarter. The decisive actions we have taken to mitigate these inflationary costs, together with the launch of two new brands, Musafir and Mighty Protein, reinforce our confidence in delivering sustainable, profitable growth as we look forward, while advancing our vision to be the most sustainable protein company on Earth."
In a statement released with the financial results, the company said it continued to look at its business on a holistic basis prior to the completion of the spin-off and as such its previous 2025 outlook, including sales growth, expected Adjusted EBITDA range, and capital expenditures, included the expected performance of its pork operations.
“At the close of the third quarter, the year-to-date run rate performance for the Total Company was tracking within the range of its previous 2025 outlook,” the statement said. “With the completion of the spin-off of its pork operations, the Company's previously issued 2025 outlook no longer reflects the Company's current structure and as such is no longer applicable.”
Maple Leaf Foods experienced significant input cost inflation in its Prepared Foods business in the third quarter due to sustained strength in pork market conditions that the company expects to persist into the fourth quarter. The company said it is implementing pricing actions to address input cost increases that will begin to be effective in the first quarter of 2026.
“While the company expects the consumer environment to stay relatively stable for the remainder of the year, evolving macro-economic factors may influence consumer sentiment, supply chain activity, access to markets, and foreign exchange rates among other impacts,” the statement continued. “The company leverages its data-driven insights to stay close to these evolving circumstances and is confident in the resilience of its brands, business model and strategy to manage through prevailing economic conditions.”
