Sucro Announces Fourth Quarter and Year-End 2024 Results
4th quarter sugar deliveries increase 61% versus prior year, including volume growth of 30% in refining operations
CORAL GABLES, Fla., April 10, 2025 /CNW/ - Sucro Limited (TSXV:SUGR, OTCQB:SUGRF) ("Sucro" or the "Company"), an integrated sugar refiner focused primarily on serving North American sugar markets, today announced financial results for the three and twelve months ended December 31, 2024. All amounts are in United States dollars ("U.S. $" or "$") unless otherwise noted.
Financial Highlights
Full-year revenue of $654.4 million on sugar deliveries of 649,747 metric tons; Q4 of $160.4 million and 154,773 metric tons, respectively
Full-year net income of $24.2 million; Q4 net loss of $6.9 million
Full-year adjusted gross profit1 of $6.5 million and adjusted gross profit margin1 percentage of 8.6%; Q4 of $12.4 million and 7.7%, respectively
Full-year EBITDA1 of $61.7 million and Adjusted EBITDA1 of $35.7 million; Q4 of $1.5 million and $8.5 million, respectively
Full-year Adjusted gross profit per metric ton delivered1,2 of $80.07; Q4 of $87.05
For our refineries, Full-year volumes of 206,994 metric tons; Q4 of 44,534 metric tons
For our refineries, Full-year Adjusted gross profit per metric ton delivered of $140.56; Q4 of $146.08
Q4 and Year-End 2024 Highlights
Three Months Ended Dec 31
Twelve Months Ended Dec 31
In 000s of U.S. $ except per share and volume metrics.
2024
2023
Change
2024
2023
Change
Sugar Deliveries (Metric Tons)
154,773
95,883
61.4 %
649,747
476,778
36.3 %
Revenue
$160,455
$114,560
40.1 %
$654,422
$496,834
31.7 %
Gross profit
5,847
(4,367)
233.9 %
85,202
70,768
20.4 %
Adjusted gross profit1
12,393
5,826
112.7 %
56,559
49,609
14.0 %
Adjusted gross profit margin1
7.7 %
8.7 %
8.6 %
10.0 %
EBITDA1
1,539
(5,469)
128.1 %
61,694
54,114
14.0 %
Adjusted EBITDA1
8,585
9,901
-13.3 %
35,681
34,655
3.0 %
Adjusted EBITDA Margin1
0.96 %
-4.77 %
5.45 %
6.98 %
Net Income (Loss)
(6,945)
(10,381)
33.1 %
24,191
19,974
21.1 %
Per share (basic)
(0.92)
(1.65)
44.2 %
3.21
3.18
1.0 %
Per share (diluted)
(0.29)
(0.45)
34.6 %
1.02
0.86
18.5 %
Adjusted gross profit per metric ton delivered1,2
80.07
60.76
31.8 %
87.05
95.38
-8.7 %
Free cash flow1
https://www.benzinga.com/pressreleases/25/04/n44731995/sucro-announces-fourth-quarter-and-year-end-2024-results