Winpak (WPK) investor relations material

Executive summary

• Revenue for Q2 2026 rose 7.9% year-over-year to $294.5 million, with net income up 11.3% to $33.6 million attributable to equity holders.

• Gross profit margin improved to 30.6% from 29.4% in Q2 2025, driven by higher selling prices and cost efficiencies.

• Year-to-date revenue increased 3.0% to $574.5 million, while net income was nearly flat at $64.6 million.

Financial highlights

• EBITDA for Q2 2026 was $57.7 million, up from $51.1 million in Q2 2025.

• Basic and diluted EPS for Q2 2026 was 57 cents, up from 49 cents in Q2 2025.

• Cash and cash equivalents at quarter-end were $341.5 million, down $11.8 million sequentially.

• Operating cash flow before working capital changes was $57.3 million for Q2 2026.

Outlook and guidance

• Ongoing geopolitical conflict in the Middle East and trade uncertainty are expected to continue impacting raw material and freight costs.

• Market pressures on input costs may persist, though some relief is anticipated in the second half of 2026.

• Capital expenditures for 2026 are forecast at $70–$80 million, focused on equipment upgrades and capacity expansion.

• New business in poultry, dairy, pet food, and creamer segments is expected to drive growth in the second half.