- SunOpta (TSX:SOY) reported value-accretive financial results for Q1 ended March 29, 2025, earning it Thursday’s top return on the TSX at the time of writing
- SunOpta is a supply chain solutions provider for top food brands
- SunOpta stock is up by 28.71 per cent trading at C$8.07 as of 11:10 am ET, adding 3.86 per cent year-over-year and 77.75 per cent since 2020
SunOpta (TSX:SOY) reported value-accretive financial results for Q1 ended March 29, 2025, earning it Thursday’s top return on the TSX at the time of writing.
Q1 2025 highlights
- Revenue of US$201.6 million, up by 9.3 per cent from US$184.4 million year-over-year (YoY), driven by 12.2 per cent volume growth.
- Operating income of US$10.5 million, up from US$10.1 million YoY, reflecting lower stock-based compensation.
- Earnings from continuing operations of US$4.8 million, up from US$3.8 million YoY.
- Adjusted earnings from continuing operations of US$5.3 million, up from US$1.9 million YoY.
- Adjusted EBITDA from continuing operations of US$22.4 million, up by 2.4 per cent from US$21.9 million YoY.
- Cash contribution from continuing operations of US$22.3 million, up from US$7.4 million YoY.
- Check out Thursday’s news release for a full set of results.
Leadership insights
“First quarter results exceeded our expectations, and we again delivered double-digit volume growth driven by broad-based gains across segments, products and customers,” Brian Kocher, SunOpta’s chief executive officer, said in a statement. “Efforts to unlock latent capacity are ahead of schedule and our margin-improvement initiatives are expected to deliver quarterly sequential margin increases throughout 2025. We are also seeing growth in our sales pipeline, reflecting incremental opportunities from both existing and potential new customers. In addition to our focus on improving margins, we remain tightly focused on optimizing cash flow and deleveraging – efforts that provide optionality and flexibility, positioning us to drive higher returns and long-term value for shareholders.”
“Based on the Q1 results and the notable increase in our sales pipeline, I’m very confident in our 2025 outlook and in achieving 2026 revenue and adjusted EBITDA growth rates that approximate the midpoints of our long-term algorithm of 10 pr cent and 15 per cent, respectively,” Kocher added.
2025 outlook
| (US$ millions) |
|
|
Prior outlook |
|
|
Revised
Outlook |
| Revenue |
|
|
$775 – 805 |
|
|
$788 – 805 |
| Adj. EBITDA |
|
|
$97 – 103 |
|
|
$99 – 103 |
| Revenue growth |
|
|
7% – 11% |
|
|
9% – 11% |
| Adj. EBITDA growth |
|
|
9% – 16% |
|
|
12% – 16% |
(Source: SunOpta)
About SunOpta
SunOpta is a supply chain solutions provider for top food brands.
SunOpta stock (TSX:SOY) is up by 28.71 per cent trading at C$8.07 as of 11:10 am ET. The stock has added 3.86 per cent year-over-year and 77.75 per cent since 2020.
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