SunOpta Inc.

Listed Company

STKLCIK 0000351834NasdaqAcceleratedBeveragesZ4CAFY ends Jan 3

Period

FY 2026

Revenue

$817.72M

Net Income

$15.77M

Total Assets

$694.66M

Equity

$170.80M

Shares Out

118.36M

Op. Cash Flow

$49.66M

Business

SunOpta Inc. is an innovation partner and value-added manufacturer of plant-based food and beverage products for leading brands and its own consumer brands. Main products are plant-based beverages and creamers (oat, almond, soy, coconut, rice), plus snacks, broths, teas and liquid and dry ingredients, many offered as non‑GMO, organic or gluten‑free. Operations include co‑manufacturing, private‑label supply, and in‑house product development supported by an innovation center and pilot plant; proprietary brands include SOWN®, Dream® and West Life™. Distribution is through foodservice, grocery and club retailers, branded food companies, food manufacturers and e‑commerce, principally in the U.S. and Canada.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	818	724	627	591	496
Cost of goods sold	702	627	541	493	415
Gross profit	116	96	86	98	81
Selling, general and administrative expenses	71	79	79	78	65
Intangible asset amortization	2	2	2	2	1
Other expense (income), net	3	−2	455,000	2	7
Foreign exchange loss (gain)	−54,000	1	110,000	−107,000	94,000
Operating income	40	16	5	16	8
Interest expense, net	21	25	27	13	8
Other non-operating expense	2	686,000	0	0	—
Earnings (loss) from continuing operations before income taxes	16	−10	−22	3	689,000
Income tax expense	691,000	1	3	896,000	−5
Earnings (loss) from continuing operations	16	−11	−25	2	6
Net loss from discontinued operations	0	−6	−154	−9	−7
Net earnings (loss)	16	−17	−179	−6	−1
Dividends and accretion on preferred stock	−175,000	−539,000	−2	−3	−4
Earnings (loss) attributable to common shareholders	16	−18	−181	−10	−5
Earnings (loss) from continuing operations (Basic)	0.13	−0.1	−0.24	−0.01	0.01
Earnings (loss) from continuing operations (Diluted)	0.13	−0.1	−0.24	−0.01	0.01
Loss from discontinued operations (Basic)	0	−0.05	−1.34	0	−0.06
Loss from discontinued operations (Diluted)	0	−0.05	−1.34	−0.08	−0.06
Earnings (loss) attributable to common shareholders (per share)	0.13	−0.15	−1.58	−0.09	−0.05
Earnings (loss) attributable to common shareholders (per share)	0.13	−0.15	−1.58	−0.09	−0.05
Basic	117,965	116,617	114,226	107,659	104,098
Diluted	124,779	116,617	114,226	107,659	106,987

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	169,000	2	306,000	679,000	227,000
Accounts receivable, net of allowances for credit losses of $93 and $134, respectively	76	46	63	60	85
Inventories	107	93	85	74	220
Notes receivable, net of allowance for credit losses of $0	25	0	—	—	—
Prepaid expenses and other current assets	11	15	24	16	17
Income taxes recoverable	906,000	4	5	4	8
Total current assets	220	159	183	302	330
Restricted cash	0	7	8	0	—
Property, plant and equipment, net	334	344	320	292	220
Operating lease right-of-use assets	111	106	105	79	47
Intangible assets, net	21	20	22	24	148
Goodwill	4	4	—	—	—
Other long-term assets	5	28	25	5	6
Total assets	695	669	667	856	755
Accounts payable	118	93	77	—	—
Accrued liabilities	16	18	23	—	—
Income taxes payable	0	638,000	0	957,000	0
Notes payable	0	11	18	0	—
Current portion of long-term debt	33	29	25	38	10
Current portion of operating lease liabilities	18	17	16	12	12
Total current liabilities	186	169	158	161	143
Long-term accounts payable	1	0	—	0	2
Long-term debt	218	236	239	270	215
Operating lease liabilities	103	99	99	74	39
Deferred income taxes	248,000	325,000	505,000	0	14
Total liabilities	509	505	496	509	413
Series B-1 preferred stock	15	15	15	28	—
Common shares, no par value, unlimited shares authorized, 118,251,809 shares issued (December 28, 2024 - 117,102,745)	479	472	464	440	436
Additional paid-in capital	31	31	28	33	23
Accumulated deficit	−341	−356	−338	−156	−148
Accumulated other comprehensive income	2	2	2	1	1
Total shareholders' equity	171	149	156	319	—
Total liabilities and shareholders' equity	695	669	667	856	755

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	40	36	31	23	19
Amortization of debt issuance costs	1	914,000	1	2	1
Deferred income taxes	−77,000	−180,000	4	−296,000	−5
Stock-based compensation	7	11	12	14	—
Impairment of property, plant and equipment	3	0	0	0	3
Gain on sale of property, plant and equipment	−244,000	−244,000	0	0	—
Gain on sale of smoothie bowls product line	0	−2	0	0	0
Loss on extinguishment of debt	0	0	2	0	0
Other	−395,000	−275,000	707,000	4	2
Changes in operating assets and liabilities, net of divestitures	−17	18	−22	−14	3
Net cash provided by operating activities of continuing operations	50	52	4	31	38
Net cash provided by (used in) operating activities of discontinued operations	0	−2	11	30	−60
Net cash provided by operating activities	50	50	15	61	−21
Additions to property, plant and equipment	−28	−32	−46	−125	−55
Proceeds from sale of property, plant and equipment	1	612,000	0	4	2
Additions to intangible assets	−2	0	0	0	−25
Proceeds from sale of smoothie bowls product line	0	6	0	0	—
Cash settlement of foreign currency forward contract	0	0	−394,000	0	0
Net cash used in investing activities of continuing operations	−30	−25	−47	−121	−77
Net cash provided by investing activities of discontinued operations	0	6	91	14	−17
Net cash provided by (used in) investing activities	−30	−19	44	−107	−94
Proceeds from notes payable	125	130	102	0	0
Repayment of notes payable	−136	−136	−84	0	0
Net increase (decrease) in borrowings under revolving credit facilities	11	2	−16	30	45
Borrowings of short-term and long-term debt	23	1	200	—	—
Repayment of short-term and long-term debt	−52	−27	−95	—	—
Proceeds from the exercise of stock options and employee share purchases	2	2	2	2	8
Payment of withholding taxes on stock-based awards	−2	−3	−9	−2	−9
Repurchase of common shares	−991,000	0	0	—	—
Payment of cash dividends on preferred stock	0	−305,000	−2	−2	−5
Repayment of asset-based credit facilities	0	0	−142	0	0
Payment of debt issuance costs	0	0	−3	−735,000	−3
Net cash used in financing activities of continuing operations	−29	−31	−48	97	53
Net cash used in financing activities of discontinued operations	0	0	−2	−50	63
Net cash used in financing activities	−29	−31	−51	47	116
Increase (decrease) in cash, cash equivalents and restricted cash in the period	−9	258,000	8	452,000	−24,000

Filings

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