SunOpta reported Q3 2025 revenues of $205.4M (up 16.8% YoY) with adjusted EBITDA rising 13.4% to $23.6M, cited 17% volume growth. The company agreed to be acquired by Refresco for $6.50 per share, with the transaction expected to close in Q2 2026.
Cyborg Score Rationale
SunOpta demonstrated mixed financial fundamentals with modest profitability metrics: EBIT margin of 3.4% and EBITDA margin of 8.4%. Total assets of $694.1M against total debt of $265.8M with net leverage of ~2.8x. Strong revenue growth offset by operational challenges and pending acquisition uncertainty.
Top Insights
New aseptic line in Midlothian, TX coming online late 2026, plus fruit snack line in Omak
Temporary wastewater limitations at Midlothian facility caused increased downtime and costs, forcing delay of margin expansion initiatives despite strong demand surge, resulting in 60 bps gross margin compression to 12.4%
FY2025 guidance raised to $816-818M revenue (13% growth) and $94-95M adjusted EBITDA (6-7% growth)
2026 outlook of $865-880M revenue and $102-108M adjusted EBITDA