High Liner Foods Incorporated, a leading North American producer of value-added frozen seafood, has reported its financial results for the thirteen and thirty-nine weeks ended September 27, 2025. The company also announced an increase in its quarterly dividend of CAD 0.005 per share, representing a 2.9% rise.
“During the third quarter, a combination of challenging macroeconomic factors, including tariffs and related uncertainty, soft consumer sentiment, and reduced foodservice traffic, put greater pressure on margins and volumes than anticipated and led to a decline in Adjusted EBITDA compared to the prior year,” said Paul Jewer, President and Chief Executive Officer of High Liner Foods. “We are taking targeted actions — including pricing adjustments, continuous improvement initiatives, and disciplined cost management — to help offset short-term pressures on the business.”
Jewer added that while market conditions remain challenging, the company continues to invest in brand development, product innovation, and supply chain automation. He noted that the integration of Conagra Brands is progressing ahead of schedule and highlighted the upcoming launch of a new fully cooked frozen seafood line designed to make seafood more convenient and accessible, tapping into an underdeveloped segment of the frozen seafood market.
“As we navigate these temporary market dynamics, we continue to advance both the short- and long-term priorities of our business — leveraging our strong balance sheet and cash flow to drive profitable, sustainable growth, return capital to shareholders, and create long-term value,” Jewer said.
Find out more at: https://www.highlinerfoods.com/