Business
AGT Food and Ingredients Inc. Announces Financial Results for Q1 2026
AGT Food and Ingredients Inc. (TSX: AGTF) ("AGT" or the "Company") announces its financial results for the quarter ended March 31, 2026.
About this update from Agt Food And Ingredients Inc
[{"type":"text","content":"SYMBOL: TSX: AGTF","length":17,"tagName":"p"},{"type":"text","content":"REGINA, SK, May 12, 2026 /CNW/ - AGT Food and Ingredients Inc. (TSX: AGTF) ("AGT" or the "Company") announces its financial results for the quarter ended March 31, 2026.","length":194,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"text","content":"Adjusted Net Earnings $7.1 millionAdjusted Net Earnings per diluted share $0.15 (2025 - $0.06)Adjusted Free Cash Flow $16.4 millionAdjusted Free Cash Flow conversion 42%Adjusted EBITDA $39.1 millionNet debt to Adjusted EBITDA 0.54xQuarterly Common Share Dividend declared","length":277,"tagName":"p"},{"type":"text","content":"Overview","length":8,"tagName":"p"},{"type":"text","content":"During the first quarter of 2026, AGT completed an Initial Public Offering and concurrently closed a private placement with Fairfax Financial Holdings Limited ("Fairfax"). The Company raised $596 million and reduced its total debt by approximately $920 million. At March 31, 2026, the company has over $1.2 billion in equity, a strong balance sheet and is well positioned to execute its business plan and organic growth objectives.","length":441,"tagName":"p"},{"type":"text","content":""AGT delivered solid operating performance despite disruptions in global trade and food security programs related to the Middle East conflict," said Murad Al‑Katib, Chief Executive Officer. "We had stronger Adjusted Net Earnings and Adjusted Free Cash Flow in 2026. This quarter's performance highlights the success of our pivot to focus on packaged foods and valued added processing positioning us for accelerated growth in 2026 and beyond. Our pasta, "Better For You" and value-added businesses showed resiliency and strength and our strong balance sheet will allow us to execute on our business plan."","length":638,"tagName":"p"},{"type":"text","content":"The table below summarizes the way management reviews the business.","length":67,"tagName":"p"},{"type":"text","content":"First Quarter Financial Summary","length":31,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.33em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;FONT-SIZE:8PT;FONT-FAMILY:ARIAL;COLOR:BLACK;MARGIN:0em;","val":[{"type...