Business
AGT Food and Ingredients Inc. Announces Financial Results for 2025
AGT Food and Ingredients Inc. (TSX: AGTF) ("AGT" or the "Company") announces its financial results for the fourth quarter and year ended December 31, 2025.
About this update from Fairfax Financial Holdings Limited
[{"type":"text","content":"SYMBOL: TSX: AGTF","length":17,"tagName":"p","attribs":{}},{"type":"text","content":"REGINA, SK, March 16, 2026 /CNW/ - AGT Food and Ingredients Inc. (TSX: AGTF) ("AGT" or the "Company") announces its financial results for the fourth quarter and year ended December 31, 2025.","length":215,"tagName":"p"},{"type":"text","content":"Overview","length":8,"tagName":"p"},{"type":"text","content":"The Company recently completed an Initial Public Offering ("IPO") of $449.5 million, and a private placement of shares for $200 million to Fairfax Financial Holdings Ltd. (the "Private Placement") on March 9, 2026. These transactions result in the Company having nominal debt and an Adjusted Net Debt to Adjusted EBITDA ratio of 0.22 with amended credit facilities having approximately $300 million of unused debt capacity.","length":443,"tagName":"p"},{"type":"text","content":"Revenue, Adjusted EBITDA and Free Cash Flow for both fiscal 2025 and Q4 2025 discussed below are within the guidance provided in the IPO prospectus document.","length":157,"tagName":"p"},{"type":"text","content":""We are pleased with AGT's 2025 results which show the consistency of our business throughout a year that was challenging in the context of tariffs and macroeconomic circumstances. I also want to thank those investors who supported our vision for the future during the recent IPO process. We are excited to be a public company and to begin delivering on our business plan. Our clean balance sheet, continued strong growth in Packaged Foods and Ingredients and consistency in our Value Added Processing segment gives us a strong springboard for future free cash flow growth and the creation of shareholder value", said Murad Al-Katib, President and CEO.","length":666,"tagName":"p"},{"type":"text","content":"Year-end 2025 & Q4 2025 Highlights","length":38,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues for the year ended December 31, 2025 were $3.0 billion compared to $3.2 billion in 2024 primarily as a result of lower sales in the Distribution segment following the sale of the Company's bulk handling assets ("Mobil") in January 2025, and lower commodity prices and food security sales in Q4 2025 compared to 2024 in the Value Added Processing segment.","length":377,"...