Maple Leaf Foods Announces 2026 Financial Guidance and Dividend Increase

Maple Leaf Foods Inc. ("Maple Leaf Foods" or the "Company") (TSX: MFI) today announced its 2026 financial guidance, reflecting sustained operational momentum, disciplined capital management, and strategic focus as a purpose-driven, protein-centric and brand-led consumer packaged goods leader.

Strategic and Operational Guidance Highlights

The Company expects the following for fiscal 2026:

• Revenue Growth: Mid-single digit ("MSD") increase in revenue from 2025, driven by the execution of proven growth strategies, including leveraging leadership in Sustainable Meats, investing in our portfolio of consumer-leading brands, accelerating the pace of impactful innovation, expanding reach in the U.S. market, and deeper integration into customer strategies along with strong and growing consumer demand for protein
• Adjusted EBITDA¹: Approximately $520 – $540 million, driven by revenue growth and margin improvement from operational discipline as well as the benefits of the Company's Fuel for Growth initiative 
• Investment-Grade Balance sheet: Maintain an investment grade balance sheet with Net Debt/Adjusted EBITDA¹ below 3.0x supported by strong free cash flow and prudent capital allocation
• Disciplined Capital Investment: Approximately $160 – $180 million in spend, focused on maintenance and productivity enhancement investments, driving efficiency and enabling future growth, through technology and automation
• Dividend Growth: An approximately 10% increase in the quarterly dividend, from $0.19 to $0.21 per share, underscoring Maple Leaf Foods' commitment to delivering shareholder returns

"Our 2026 outlook captures the momentum and operational strength we've built through the consistent execution of our strategic blueprint and the resilience of our leading brands," said Curtis Frank, President and Chief Executive Officer. "Following a year of transformational financial performance, we are increasing our annual dividend by 10%, marking our eleventh consecutive annual increase. This reflects our confidence in our ability to grow the business, expand margins, and generate strong free cash flow as we continue to create meaningful value for shareholders. Looking ahead, our disciplined approach to operational execution and capital allocation positions us to deliver sustained organic growth, reinvest in our business and pursue strategic opportunities as we advance our vision to be the most sustainable protein company on earth."