07:21 AM EST, 11/05/2025 (MT Newswires) -- Maple Leaf Foods ( MLFNF ) on Wednesday reported an increase in total company earnings and sales in the third quarter, but lowered its quarterly dividend to $0.19 per share.

For the three-months ended Sept. 30, earnings were $43.1 million or $0.35 earnings per basic share compared with $17.7 million or $0.14 earnings per basic share, a year earlier. Adjusted EPS for the quarter was $0.49 compared with $0.18 last year.

Earnings from continuing operations swung to $23.3 million or $0.19 earnings per basic share in Q3, compared with a loss of $1.8 million or $0.01 loss per basic share, a year earlier.

Total company sales rose to $1.36 billion in Q3, compared with $1.26 billion, a year-ago. The company said sales in the Prepared Foods, Poultry, and Pork operating units increased by 4.4%, 15.7%, and 10.4%, respectively.

Sales from continuing operations also rose to $1.01 billion in the quarter, compared with $935.5 million, a year earlier.

"While Adjusted EBITDA margins in this business improved significantly year over year, we did experience a sequential step back due to a rapid and sustained increase in raw material markets which, while supportive of pork operations, pressured the CPG business within the quarter," said Maple Leaf Foods ( MLFNF ) chief executive Curtis Frank.

The company said it is implementing pricing actions to address input cost increases that will begin to be effective in Q1 of 2026.

Maple Leaf Foods ( MLFNF ) also said that its board, on Nov. 4, approved a quarterly dividend of $0.19 per share, payable on Dec. 31, to shareholders of record at the close of business on Dec. 10. Dividend declared in the prior quarter was $0.24 per share.

Shares of the company closed down 1.1% to $26.30 on Tuesday on the Toronto Stock Exchange.