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Saputo Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Total Revenue 4.9B 4.7B 4.6B 4.8B 5.0B
Operating Revenue 4.9B 4.7B 4.6B 4.8B 5.0B
Cost Of Revenue 3.3B 3.2B 3.2B 3.3B 3.5B
Gross Profit 1.6B 1.5B 1.5B 1.5B 1.5B
Selling General And Administration 1.1B 1.1B 1.1B 1.1B 1.1B
General And Administrative Expense 918.0M 906.0M 872.0M 922.0M 877.0M
Depreciation And Amortization In Income Statement 156.0M 156.0M 153.0M 167.0M 161.0M
Operating Expense 1.3B 1.2B 1.2B 1.3B 1.2B
Operating Income 336.0M 293.0M 271.0M 210.0M 250.0M
EBIT 327.0M 282.0M 250.0M 127.0M -444.0M
Interest Expense 29.0M 28.0M 28.0M 27.0M 31.0M
Interest Expense Non Operating 29.0M 28.0M 28.0M 27.0M 31.0M
Interest Income 0.00 -- -- -- 0.00
Interest Income Non Operating 0.00 -- -- -- 0.00
Net Interest Income -38.0M -41.0M -46.0M -57.0M -52.0M
Other Income Expense -- 2.0M -3.0M -53.0M -673.0M
Special Income Charges 0.00 1.0M -5.0M -52.0M -679.0M
Restructuring And Mergern Acquisition 0.00 0.00 6.0M 80.0M 0.00
Gain On Sale Of Security -- 1.0M 2.0M -1.0M 6.0M
Pretax Income 298.0M 254.0M 222.0M 100.0M -475.0M
Tax Provision 78.0M 69.0M 57.0M 26.0M 43.0M
Tax Effect Of Unusual Items 0.00 543,307 -770,270 -13.8M -101.0M
Net Income From Continuing And Discontinued Operation 220.0M 185.0M 165.0M 74.0M -518.0M
Net Income From Continuing Operation Net Minority Interest 220.0M 185.0M 165.0M 74.0M -518.0M
Net Income Including Noncontrolling Interests 220.0M 185.0M 165.0M 74.0M -518.0M
Net Income Common Stockholders 220.0M 185.0M 165.0M 74.0M -518.0M
Net Income 220.0M 185.0M 165.0M 74.0M -518.0M
EBITDA 483.0M 438.0M 403.0M 294.0M -283.0M
Normalized EBITDA 483.0M 436.0M 406.0M 347.0M 390.0M
Reconciled Depreciation 156.0M 156.0M 153.0M 167.0M 161.0M
Basic EPS 0.54 0.45 0.40 -- -1.22
Diluted EPS 0.53 0.45 0.40 -- -1.22
Basic Average Shares 409.4M 412.2M 416.0M -- 424.1M
Diluted Average Shares 412.1M 413.6M 416.2M -- 424.1M
Total Unusual Items 0.00 2.0M -3.0M -53.0M -673.0M
Total Unusual Items Excluding Goodwill 0.00 2.0M -3.0M -53.0M -673.0M
Tax Rate For Calcs 0.26 0.27 0.26 0.26 0.15
Normalized Income 220.0M 183.5M 167.2M 113.2M 54.0M
Depreciation Amortization Depletion Income Statement 156.0M 156.0M 153.0M 167.0M 161.0M
Depreciation Income Statement -- -- -- -- --
Diluted NI Availto Com Stockholders 220.0M 185.0M 165.0M 74.0M -518.0M
Impairment Of Capital Assets 0.00 -- -- 0.00 684.0M
Net Income Continuous Operations 220.0M 185.0M 165.0M 74.0M -518.0M
Net Non Operating Interest Income Expense -38.0M -41.0M -46.0M -57.0M -52.0M
Other Gand A 283.0M 283.0M 257.0M 323.0M 270.0M
Other Special Charges -- -1.0M -1.0M -4.0M -5.0M
Reconciled Cost Of Revenue 3.3B 3.2B 3.2B 3.3B 3.5B
Salaries And Wages 635.0M 623.0M 615.0M 599.0M 607.0M
Selling And Marketing Expense 199.0M 169.0M 181.0M 182.0M 180.0M
Total Expenses 4.6B 4.4B 4.4B 4.5B 4.7B
Total Other Finance Cost 9.0M 13.0M 18.0M 30.0M 21.0M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Cash And Cash Equivalents 447.0M 296.0M 256.0M 257.0M 330.0M
Cash Cash Equivalents And Short Term Investments 447.0M 296.0M 256.0M 257.0M 330.0M
Accounts Receivable 1.4B 1.5B 1.4B 1.6B 1.5B
Receivables 1.4B 1.5B 1.4B 1.6B 1.5B
Inventory 2.8B 2.9B 2.8B 2.9B 3.0B
Other Current Assets 94.0M 85.0M 93.0M 85.0M 80.0M
Current Assets 4.8B 4.8B 4.6B 4.9B 4.9B
Gross PPE 4.9B 5.0B 5.0B 8.9B 5.1B
Accumulated Depreciation -- -- -- -3.7B --
Net PPE 4.9B 5.0B 5.0B 5.2B 5.1B
Goodwill 2.5B 2.5B 2.5B 2.6B 2.6B
Goodwill And Other Intangible Assets 3.5B 3.5B 3.5B 3.7B 3.7B
Other Intangible Assets 972.0M 1.0B 1.0B 1.1B 1.1B
Investments And Advances -- -- -- 45.0M --
Long Term Equity Investment -- -- -- 45.0M --
Other Non Current Assets 114.0M 113.0M 100.0M 44.0M 86.0M
Total Non Current Assets 8.6B 8.7B 8.7B 9.1B 9.0B
Total Assets 13.3B 13.5B 13.2B 13.9B 13.9B
Current Debt 716.0M 635.0M 1.1B 829.0M 937.0M
Current Debt And Capital Lease Obligation 781.0M 699.0M 1.2B 894.0M 996.0M
Accounts Payable 2.0B 2.2B 2.1B 2.3B 2.2B
Payables 2.1B 2.2B 2.1B 2.3B 2.2B
Payables And Accrued Expenses 2.1B 2.2B 2.1B 2.3B 2.2B
Current Liabilities 2.9B 2.9B 3.3B 3.2B 3.2B
Long Term Debt 2.3B 2.3B 1.9B 2.2B 2.2B
Long Term Debt And Capital Lease Obligation 2.7B 2.7B 2.4B 2.7B 2.6B
Long Term Capital Lease Obligation 444.0M 452.0M 466.0M 466.0M 390.0M
Other Non Current Liabilities 159.0M 130.0M 116.0M 6.0M 131.0M
Total Non Current Liabilities Net Minority Interest 3.7B 3.7B 3.3B 3.7B 3.7B
Total Liabilities Net Minority Interest 6.6B 6.7B 6.6B 6.9B 6.9B
Common Stock 2.1B 2.1B 2.1B 2.1B 2.2B
Capital Stock 2.1B 2.1B 2.1B 2.1B 2.2B
Retained Earnings 3.8B 3.8B 3.8B 3.8B 3.9B
Gains Losses Not Affecting Retained Earnings 771.0M 859.0M 752.0M 1.0B 944.0M
Common Stock Equity 6.7B 6.8B 6.7B 7.0B 7.0B
Stockholders Equity 6.7B 6.8B 6.7B 7.0B 7.0B
Total Equity Gross Minority Interest 6.7B 6.8B 6.7B 7.0B 7.0B
Total Capitalization 9.0B 9.1B 8.5B 9.2B 9.2B
Net Tangible Assets 3.2B 3.3B 3.1B 3.3B 3.3B
Tangible Book Value 3.2B 3.3B 3.1B 3.3B 3.3B
Working Capital 1.9B 1.8B 1.3B 1.7B 1.7B
Invested Capital 9.7B 9.7B 9.7B 10.0B 10.2B
Total Debt 3.5B 3.4B 3.5B 3.6B 3.6B
Net Debt 2.6B 2.6B 2.7B 2.8B 2.8B
Share Issued 407.0M 411.2M 413.6M 418.3M 423.1M
Ordinary Shares Number 407.0M 411.2M 413.6M 418.3M 423.1M
Buildings And Improvements -- -- -- 2.2B --
Capital Lease Obligations 509.0M 516.0M 520.0M 531.0M 449.0M
Current Capital Lease Obligation 65.0M 64.0M 54.0M 65.0M 59.0M
Defined Pension Benefit -- -- -- 26.0M --
Employee Benefits -- -- -- 125.0M --
Finished Goods -- -- -- 1.4B --
Income Tax Payable 78.0M 49.0M 43.0M 39.0M 35.0M
Investmentsin Joint Venturesat Cost -- -- -- 45.0M --
Land And Improvements -- -- -- 202.0M --
Leases -- -- -- 433.0M --
Line Of Credit 366.0M 285.0M 414.0M 364.0M 472.0M
Machinery Furniture Equipment -- -- -- 6.1B --
Non Current Deferred Assets 75.0M 74.0M 73.0M 78.0M 86.0M
Non Current Deferred Liabilities 845.0M 869.0M 865.0M 903.0M 906.0M
Non Current Deferred Taxes Assets 75.0M 74.0M 73.0M 78.0M 86.0M
Non Current Deferred Taxes Liabilities 845.0M 869.0M 865.0M 903.0M 906.0M
Non Current Pension And Other Postretirement Benefit Plans -- -- -- 40.0M --
Other Current Borrowings 350.0M 350.0M 700.0M 465.0M 465.0M
Other Properties 4.9B 5.0B 5.0B 70.0M 5.1B
Properties -- -- -- 0.00 --
Raw Materials -- -- -- 490.0M --
Taxes Receivable 3.0M 6.0M 11.0M 21.0M 17.0M
Total Tax Payable 78.0M 49.0M 43.0M 39.0M 35.0M
Work In Process -- -- -- 993.0M --
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024
Operating Cash Flow 401.0M 372.0M 317.0M 362.0M 382.0M
Cash Flow From Continuing Operating Activities 401.0M 372.0M 317.0M 362.0M 382.0M
Depreciation And Amortization 156.0M 156.0M 153.0M 167.0M 161.0M
Depreciation Amortization Depletion 156.0M 156.0M 153.0M 167.0M 161.0M
Stock Based Compensation 27.0M 19.0M 20.0M 1.0M 1.0M
Deferred Tax 78.0M 69.0M 57.0M 26.0M 43.0M
Deferred Income Tax 78.0M 69.0M 57.0M 26.0M 43.0M
Change In Working Capital 13.0M -7.0M -15.0M 50.0M 50.0M
Change In Receivables 85.0M -112.0M 106.0M -78.0M -25.0M
Change In Inventory 38.0M -17.0M 3.0M 82.0M -14.0M
Change In Payables And Accrued Expense -106.0M 103.0M -114.0M 18.0M 115.0M
Change In Payable -- -- -- -- --
Other Non Cash Items 38.0M 40.0M 51.0M 133.0M 47.0M
Capital Expenditure -82.0M -84.0M -65.0M -145.0M -82.0M
Purchase Of PPE -79.0M -83.0M -64.0M -141.0M -81.0M
Net PPE Purchase And Sale -74.0M -80.0M -46.0M -109.0M -79.0M
Investing Cash Flow -77.0M -81.0M -47.0M -113.0M -80.0M
Cash Flow From Continuing Investing Activities -77.0M -81.0M -47.0M -113.0M -80.0M
Issuance Of Debt 0.00 400.0M -- 0.00 0.00
Repayment Of Debt -16.0M -367.0M -128.0M -15.0M -428.0M
Net Issuance Payments Of Debt 75.0M -94.0M -60.0M -124.0M -320.0M
Issuance Of Capital Stock -- -- -- 0.00 0.00
Repurchase Of Capital Stock -188.0M -94.0M -123.0M -118.0M -31.0M
Net Common Stock Issuance -188.0M -94.0M -123.0M -118.0M -31.0M
Common Stock Dividend Paid -82.0M -82.0M -79.0M -80.0M -81.0M
Common Stock Payments -188.0M -94.0M -123.0M -118.0M -31.0M
Financing Cash Flow -169.0M -254.0M -262.0M -322.0M -432.0M
Cash Flow From Continuing Financing Activities -169.0M -254.0M -262.0M -322.0M -432.0M
Effect Of Exchange Rate Changes -4.0M 3.0M -9.0M 0.00 5.0M
Changes In Cash 155.0M 37.0M 8.0M -73.0M -130.0M
Beginning Cash Position 296.0M 256.0M 257.0M 330.0M 455.0M
End Cash Position 447.0M 296.0M 256.0M 257.0M 330.0M
Free Cash Flow 319.0M 288.0M 252.0M 217.0M 300.0M
Asset Impairment Charge 0.00 -- -- 0.00 684.0M
Cash Dividends Paid -82.0M -82.0M -79.0M -80.0M -81.0M
Change In Account Payable -- -- -- -- --
Change In Income Tax Payable -- -- -- -- --
Change In Prepaid Assets -4.0M 19.0M -10.0M 28.0M -26.0M
Change In Tax Payable -- -- -- -- --
Common Stock Issuance -- -- -- 0.00 0.00
Depreciation -- -- -- -- --
Earnings Losses From Equity Investments -3.0M -4.0M -3.0M -4.0M -1.0M
Gain Loss On Sale Of PPE -2.0M 0.00 -- -24.0M 0.00
Interest Paid Cfo -65.0M -25.0M -59.0M -35.0M -70.0M
Long Term Debt Issuance 0.00 400.0M -- 0.00 0.00
Long Term Debt Payments -16.0M -367.0M -128.0M -15.0M -428.0M
Net Foreign Currency Exchange Gain Loss 0.00 0.00 0.00 0.00 0.00
Net Income From Continuing Operations 220.0M 185.0M 165.0M 74.0M -518.0M
Net Intangibles Purchase And Sale -3.0M -1.0M -1.0M -4.0M -1.0M
Net Long Term Debt Issuance -16.0M 33.0M -128.0M -15.0M -428.0M
Net Short Term Debt Issuance 91.0M -127.0M 68.0M -109.0M 108.0M
Operating Gains Losses -5.0M -4.0M -3.0M -28.0M -1.0M
Proceeds From Stock Option Exercised 26.0M 16.0M -- -- 0.00
Purchase Of Intangibles -3.0M -1.0M -1.0M -4.0M -1.0M
Sale Of PPE 5.0M 3.0M 18.0M 32.0M 2.0M
Taxes Refund Paid -61.0M -61.0M -52.0M -26.0M -15.0M
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