George Paleologou
President, CEO & Director

Welcome, everyone, to our 2026 first quarter conference call. With me here today is our CFO, Will Kalutycz. Our presentation today will follow the deck that was posted on our website this morning. You can also access it by clicking on the link of our press release issued this morning.

Since our founding back in 2000, 2001, we evolved from a small Western Canadian food company to a much larger organization with operations across North America, producing great foods with clean and natural ingredients and leading positions in many specialty and other on-trend food categories sold in diverse geographies in multiple channels.

Over the past couple of years, we faced not one but many black swan events, including, of course, tariffs, commodity hyperinflation, supply chain disruptions and consumer confidence-related challenges. Despite these headwinds, we continue to pivot, adjust and move forward and always emerge bigger, stronger and more profitable.

This is evidenced by the fact that our sales and EBITDA for the first quarter in 2026 came in at $2.1 billion and $171.5 million, respectively, up substantially from just 2 years ago when our first quarter sales and EBITDA came in at $1.46 billion and $121.5 million. So despite the many challenges we faced over the last couple of years, our sales grew by 40%, while our EBITDA increased by 41.1%.

Today, we're bigger, more resilient and more diversified and combined with our strong culture and our passionate partner entrepreneurs, we're very well positioned to accelerate our growth in North America and in some cases, even globally. We continue to be in the early innings in the U.S. market, and we