Sigma Foods (SIGMAF) Q3 2026 earnings summary

Executive summary

• Record 3Q26 volume, revenue, and EBITDA; consolidated volume rose 2%, revenue 3%, and Comparable EBITDA 20% to $299M.

• FY26 Comparable EBITDA guidance increased from $1.10B to $1.14B; EBITDA grew across all four regions, with Mexico delivering its strongest quarter.

Financial highlights

• 3Q revenue reached a record $2.493B, up 3% YoY; 9M revenue was $7.300B, up 7%.

• 3Q reported EBITDA was $303M, up 23%; Comparable EBITDA was $299M, up 20%, with a 12.0% margin versus 10.3% a year earlier.

• 9M reported EBITDA was $858M, up 5%; 9M Comparable EBITDA was $847M, up 18%, and volume reached a record 472k tons in 3Q.

• 3Q operating income rose 29% to $231M and net income rose 13% to $85M; 9M net income was $249M versus $284M.

• 3Q net financial cost was $90M, up 64% YoY, including $19M in FX losses versus a $13M FX gain in 3Q25; underlying expenses rose 3%.

Outlook and guidance

• FY26 Comparable EBITDA guidance rose 4%, from $1.10B to $1.14B.

• 2027 planning anticipates supportive Americas raw-material trends, especially in H1, alongside U.S. volume-recovery initiatives and continued efficiency gains.

• Valencia facility startup is expected in mid-2027; 2027 is expected to be the first full year after the majority-stake sale in Spain Fresh Meats.

• Long-term ambition is to double the business over the next decade through protein-focused products, brands, and innovation.