CORAL GABLES, Fla., May 20, 2026 /CNW/ - Sucro Limited (TSXV:SUGR) (OTCQB:SUGRF) ("Sucro" or the "Company"), an integrated sugar trader and refiner focused primarily on serving North American sugar markets, today announced financial results for the three months ended March 31, 2026. All amounts are in United States dollars ("U.S. $" or "$") unless otherwise noted.
Financial Highlights
Revenue of $149.2 million on sugar deliveries of 179,764 metric tons
Record refinery deliveries of 96,507 MT, inclusive of all Sucro processing plant operations.
Net income of $5.4 million, down 55% from 2025.
Adjusted gross profit1 of $9.8 million versus $13.9 million in 2025, and adjusted gross profit margin1 percentage of 6.6% versus 8.9% last year
EBITDA1 of $16.7 million and adjusted EBITDA1 of $5.2 million versus $22.9 million and $10.0 million, respectively, last year
Adjusted gross profit per metric ton delivered1,2 of $54.64 /MT versus $78.95/MT last year
For our refineries, adjusted gross profit per metric ton delivered1 of $90.77 compared to $169.25/MT last year.
Q1 Highlights (unaudited)
Three Months Ended Mar 31
In 000s of U.S. $ except per share and volume metrics.
2026
2025
Change
Sugar Deliveries (Metric Tons)
179,764
176,319
2.0 %
Revenue
$149,197
$155,741
-4.2 %
Gross profit
20,722
27,205
-23.8 %
Adjusted gross profit1
9,822
13,920
-29.4 %
Adjusted gross profit margin1
6.6 %
8.9 %
EBITDA1
16,652
22,862
-27.2 %
Adjusted EBITDA1
5,180
9,958
-48.0 %
Adjusted EBITDA Margin1
3.5 %
6.4 %
Net Income (Loss)
5,362
12,007
-55.3 %
Per share (basic)
0.48
1.10
-56.5 %
Per share (diluted)
