08:05 AM EDT, 08/13/2025 (MT Newswires) -- KP Tissue ( KPTSF ) on Wednesday said net income attributable to Kruger Products doubled in the second quarter on higher revenues and that it expects a "stronger performance" in the third quarter with adjusted EBITDA in the range of $75 million to $80 million.

For Kruger Products, net income attributable was $22.1 million in Q2 2025 compared to $10.6 million in Q2 2024, an increase of $11.5 million. Revenue was $536.1 million in Q2 2025 compared to $509.8 million in Q2 2024, an increase of $26.3 million or 5.2%. Among other highlights, Adjusted EBITDA was $72.5 million in Q2 2025 compared to $65.3 million in Q2 2024, an increase of 11.0%.

KP Tissue ( KPTSF ) Chief Executive Dino Bianco said: "U.S. revenue growth slowed down in Q2 2025 due to front-loaded shipments made during the previous quarter to mitigate potential tariffs, along with softness in the AFH market. Nevertheless, U.S. sales have grown 12% after six months into 2025 and represent a key growth driver for Kruger Products."

Bianco added: "In early July, we announced an additional investment of approximately US$35 million at our Memphis manufacturing facility to deploy a state-of-the-art, multi-purpose converting line for bathroom tissue and paper towels. This initiative is part of a broader strategy to drive efficiency and support our growing U.S. business."

Also, of note, KPT had net income of $2.6 million in Q2 2025. Included in net income was $2.8 million representing KPT's share of Kruger Products' net income, a dilution gain of $0.1 million and depreciation expense of $0.3 million related to adjustments to carrying amounts on acquisition.

KPT announced today that the Board of Directors has declared a quarterly dividend of $0.18 per common share, payable on October 15, 2025, to shareholders of record at the close of business on September 30, 2025, subject to applicable law.

KPT was down 0.3% on the TSX yesterday.