Sucro (TSXV: SUGR, OTCQB: SUGRF) reported Q2 2026 revenue of $130.6 million on sugar deliveries of 198,308 metric tons, down from $231.9 million and 286,989 metric tons in Q2 2025. Despite lower volumes, gross profit rose 48.6% to $22.0 million, with adjusted gross profit of $12.8 million and margin improving to 9.8% from 5.8%.
Net income climbed to $8.1 million versus $2.0 million a year earlier, and quarterly free cash flow reached a record $7.7 million. EBITDA was $17.7 million and adjusted EBITDA $8.3 million. Refinery volumes, including new Hamilton and University Park refineries and Memphis operations, increased 68.9% to a record 99,798 metric tons.
According to Sucro, SG&A rose 17.2% to $7.9 million, driven by one-time bad debt write-offs, and interest expense increased 25.6% to $6.6 million. The company obtained approval for $4.9 million in U.S. tariff-related refunds and renewed its syndicated borrowing base credit facility of up to $285 million to August 2028.