# AGT Food and Ingredients Returns to Profit as Q3 Revenue Falls 5%

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/56679
Published: 2026-11-13T13:19:49.000Z
Updated: 2026-11-13T13:19:49.000Z
Section: Business

> Net earnings reached C$12.714 million for the quarter ended Sept. 30, 2026. Adjusted net earnings rose to C$22.308 million.

AGT Food and Ingredients Inc. returned to profit in the third quarter of 2026, earning C$12.714 million as lower commodity prices and weaker Value Added Processing revenue accompanied a 5% decline in revenue.

Net earnings compared with a C$13.223 million loss in the same quarter of 2025. Basic and diluted earnings were both C$0.18 per share, reversing a loss of C$0.62 per share on each basis a year earlier.

Adjusted net earnings, a non-GAAP measure, climbed to C$22.308 million from C$10.659 million. Adjusted earnings were C$0.32 per diluted share, up from C$0.26 in the third quarter of 2025.

Revenue totaled C$622.011 million, down from C$654.242 million a year earlier. Lower commodity prices and reduced revenue from Value Added Processing weighed on sales. That segment had lower food-security sales and a delayed North American harvest. Higher shipments in Distribution partly offset the declines.

Adjusted EBITDA increased to C$52.716 million from C$49.557 million. Adjusted free cash flow rose to C$36.646 million, compared with C$21.858 million in the year-earlier quarter. Both figures are company-defined adjusted measures.

“The world continues to face geopolitical and logistics challenges, which affected the timing of VAP activity this quarter,” AGT Chief Executive Officer Murad Al-Katib said.

AGT’s financial statements use Canadian dollars and follow IFRS Accounting Standards. The company operates 39 manufacturing facilities across five continents, with business segments in Packaged Foods and Ingredients, Value Added Processing, and Distribution.