Saputo Reports Financial Results for the Second Quarter of Fiscal 2027 Ended September 30, 2026
Key Highlights
- ➤Adjusted EBITDA $438 million, up 13.8% year over year
- ➤Adjusted EBITDA margin expanded to 10.3% from 9.4%
- ➤UK Dairy Division sale expected to deliver approximately $1.661 billion
- ➤Saputo returned approximately $679 million through share repurchases and dividends
- ➤Danone Saputo Dairy Australia sale agreed for approximately $254 million
Expert Statements
Carl Colizza, President and CEO of Saputo
“This quarter reflects the quality of the platform we have built. Adjusted EBITDA1 grew and margins expanded, led by high-protein dairy ingredients, a favourable mix, and higher volumes, which more than offset softer cheese markets, inflationary pressures, and higher investment in our business.”
Carl Colizza, President and CEO of Saputo
“Our U.S. operations continued to improve, and Australia once again performed well. With the announced sale of our Dairy Division (UK), we are sharpening our focus and further strengthening our balance sheet, giving us the flexibility to act. We will continue to allocate capital with discipline: investing in our business, preserving our financial strength, and returning capital to shareholders.”
* Adjusted EBITDA(1) up 14% to $438 million, with margin expanding to 10.3% from 9.4%, led by high-protein dairy ingredients. * High-protein ingredients and U.S. execution more than offset softer cheese markets and inflation, lifting U.S. adjusted EBITDA margin to 9.6%. * Announced the sale of our Dairy Division (UK). * Returned approximately $300 million to shareholders through the purchase of common shares and the payment of dividends. MONTRÉAL, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (we, Saputo or the Company) reported today its financial results for the second quarter of fiscal 2027, which ended on September 30, 2026. All amounts in this news release are in millions of Canadian dollars (CDN), except per share amounts, unless otherwise indicated, and are presented according to International Financial Reporting Standards (IFRS) Accounting Standards. The results of the Dairy Division (UK) have been presented as discontinued operations following the announced divestiture and were previously reported under the Europe Sector. The results of the Dairy Division (Argentina) were presented as discontinued operations up to the disposal of an 80% interest on June 18, 2026, with comparative information re-presented accordingly. The Company’s remaining 20% interest is accounted for as an investment in an associate using the equity method and is presented within the International Sector.
Get started
Create a free account to read the full story.