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MISSISSAUGA — Maple Leaf Foods Inc. reported its second-quarter profit of $57.8 million, compared with a loss of $26.2 million a year ago.
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Its earnings amounted to 46 cents per diluted share for the quarter ended June 30, up from a loss of 21 cents per share in the same quarter last year, the company said on Thursday.
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On an adjusted basis, Maple Leaf says it earned 56 cents per share in its latest quarter, up from an adjusted profit of 18 cents per share a year earlier.
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Sales for the quarter totalled $1.36 billion, up from $1.26 billion a year ago.
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Maple Leaf said its prepared food sales increased 7.5 per cent, while poultry sales increased 8.5 per cent. Pork sales rose 10.7 per cent.
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Chief executive Curtis Frank said the company’s results improved because of profitability in its pork business, and that Maple Leaf expects the spin-off of its pork unit into a standalone company called Canada Packers Inc. will be completed by the end of the year.
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“We continue to make excellent progress toward completing the spin-off of Canada Packers, supported by resounding shareholder approval and accelerating operational readiness,” Frank said in a release.
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Shareholders overwhelmingly approved the spinoff of Canada Packers in June.
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“This historic transaction will unlock significant shareholder value and establish two focused, market-leading companies,” he added.
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This report by The Canadian Press was first published Aug. 7, 2025.
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Companies in this story: (TSX: MFI)
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