Sucro Q3 revenue drops 23% on lower sugar sales

Sucro

20/11/2025 12:38

Overview

Sucro Q3 revenue falls 23% yr/yr due to lower organic sugar sales

Net income for Q3 rises 106.6% yr/yr driven by unrealized inventory gains

Company progresses with new refinery projects in Hamilton and University Park

Outlook

Sucro targets Hamilton refinery commissioning in Q4 2025

University Park refinery expected to start in Q1 2026

Belize joint venture aims for operations in H1-Q3 2026

Result Drivers

LOWER SALES VOLUMES - Revenue decline attributed to decreased wholesale organic sugar sales in the U.S.

IMPROVED REFINERY MARGINS - Refineries saw a 35.3% improvement in margins due to lower input costs and stronger mix

REFINERY DEVELOPMENT - New refineries in Hamilton and University Park are under development, targeting future growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$132.90 mln
Q3 Net Income
$15.40 mln
Q3 Adjusted EBITDA
$7.20 mln


Press Release: ID:nCNWMcShQa

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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.)