Sucro Q2 profit quadruples on improved refinery volumes, higher margins

Sucro

13/08/2026 13:16

Overview
U.S. sugar trader and refiner's Q2 revenue fell 44% on lower deliveries
Net income quadrupled yr/yr, driven by improved refinery volumes and higher margins
Company set quarterly records for refinery volumes and free cash flow

Outlook
Sucro expects improved profitability and growth in H2 2026 and into 2027
Company cites ramp-up of new refineries and new supply agreements as key drivers
Sucro continues to monitor global trade and tariff policy developments impacting sugar markets

Result Drivers
REFINERY RAMP-UP - Co said record refinery volumes from new facilities in Hamilton, Ontario and University Park, Illinois contributed to improved earnings
HIGHER MARGINS - Improved margins from refinery operations and more favorable contract terms in the Caribbean supported profitability
TARIFF REFUNDS - $4.9 mln in U.S. tariff-related refunds were approved and included in cost of sales for the period

Company press release: ID:nNFC24bbhZ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$130.60 mln
 
Q2 EPS
 
$0.34
 
Q2 Net Income
 
$8.10 mln
 
Q2 Adjusted EBITDA
 
$8.30 mln
 

Reuters Recommended Reads
Aug 12 - US sugar production to fall, imports projected to increase, USDA says
Aug 11 - Sugar and ethanol producer Adecoagro's Q2 adj EBITDA hits record
Aug 12 - Wilmar posts higher HY profit on strong growth, flags uncertain operating environment

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)