Sustainable Palm Oil Market to Reach USD 1.359 Billion by 2032, Growing at a 4.50% CAGR from 2024 to 2032, Driven by Rising Global Demand
Sustainable Palm Oil Market Research Report Information By Type (Palm Kernel Oil, Red Palm Oil, White Palm Oil, and Fractional Palm Oil), By Distribution Channel (Online and Offline), By End-use (Food, Soap and Detergents, Cosmetics, Bakery Products, Confectionery Products, Margarine, Ice Cream, and Pet Food), By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
Global sustainable palm oil market is experiencing significant growth, driven by increasing consumer awareness and stringent environmental regulations. Valued at approximately USD 0.9 billion in 2023, the market is projected to reach USD 1.359 billion by 2032, with a compound annual growth rate (CAGR) of 4.50% during the forecast period.
Sustainable Palm Oil Market Size was valued at USD 0.9 Billion in 2023. The sustainable palm oil industry is projected to grow from USD 0.95 Billion in 2024 to USD 1.359 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.50% during the forecast period (2024 - 2032).
Palm oil, a versatile and widely used vegetable oil, is integral to various industries, including food and beverage, cosmetics, and biofuels. However, its production has been associated with deforestation, habitat loss, and significant greenhouse gas emissions. In response, sustainable palm oil initiatives have emerged, aiming to balance industry demands with environmental conservation.
Certification programs like the Roundtable on Sustainable Palm Oil (RSPO) play a pivotal role in promoting sustainable practices within the industry. These programs set stringent criteria for environmentally responsible palm oil production, ensuring that certified producers adhere to standards that minimize deforestation and protect biodiversity. As a result, certified sustainable palm oil is gaining preference among consumers and manufacturers committed to ethical sourcing.
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The Asia-Pacific region, particularly Indonesia and Malaysia, dominates global palm oil production, accounting for approximately 90% of the supply.
Indonesia, the world's largest producer, has implemented policies to increase the biodiesel blend to 40% palm oil-based fuel by 2025, aiming to reduce reliance on imported fossil fuels and support the palm oil industry.
This policy is expected to tighten global palm oil supplies, potentially leading to higher prices.
Conversely, Malaysia has decided against increasing its biodiesel blend from the current 10% to 20%, citing the high costs of necessary infrastructure development.
This decision reflects a cautious approach, balancing industry growth with economic considerations.
In major consumer markets like India, shifts in import patterns are evident. For the first time, India's annual palm oil imports are projected to fall behind those of soft oils such as soybean and sunflower. This trend is attributed to the rising prices of palm oil compared to alternatives, prompting refiners to opt for more economical options.
Key companies in the sustainable palm oil market include
Golden Agri Resources Limited
Hap Seng Plantation Holdings BerhadSIPEF Group Belgium
Kuala Lumpur Kepon
IOI Corporation Berhad
Sime Darby Plantation Sendirian Berhad
New Britain Palm Oil Limited
Wilmer International Limited
Cargill
Kulim Berhad
Sustainable Palm Oil Industry Developments
October 2023: Planet Palm is a new line of RSPO-certified sustainable palm oil products designed specifically for UK bakery and food makers, offered by KTC Edibles Ltd (KTC), the leading edible oil supplier in the UK. Planet Palm Oil is among the first products available; specialty products with a focus on sustainability and traceability include Planet Palm Cake Margarine, Pastry Margarine, and Shortening. By promoting sustainable practices, the launch seeks to dispel myths about palm oil.
October 2022: Thailand Sustainable Palm Oil Alliance (TSPOA) was introduced by the Roundtable on Sustainable Palm Oil (RSPO) and the Thailand Environment Institute (TEI) to encourage cooperation amongst palm oil sector participants in Thailand. Through the cooperation, ethical palm oil production will be encouraged countrywide and sustainable practices will be advanced. International sustainability standards are crucial, according to RSPO CEO Joseph D'Cruz.
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Such shifts could influence global palm oil prices and trade dynamics, underscoring the importance of competitive pricing and sustainable practices.
Environmental concerns remain central to the sustainable palm oil discourse. The expansion of palm oil plantations has historically led to deforestation and habitat loss, notably impacting biodiversity-rich regions. Efforts to mitigate these effects include enforcing deforestation-free sourcing and protecting critical ecosystems. Collaborative initiatives among governments, NGOs, and industry stakeholders are essential to promote reforestation and sustainable land-use practices.
Despite these efforts, challenges persist. Critics argue that certification programs like the RSPO need to enforce stricter standards and ensure compliance to effectively curb environmental degradation.
Additionally, the economic implications of transitioning to sustainable practices can be significant, particularly for smallholder farmers who may lack the resources to implement necessary changes.
The future of the sustainable palm oil market hinges on balancing economic growth with environmental stewardship. As consumer awareness continues to rise, demand for sustainably sourced products is expected to grow, incentivizing producers to adopt eco-friendly practices. Technological advancements in sustainable agriculture, coupled with supportive policies and international cooperation, will be crucial in shaping a resilient and responsible palm oil industry.
How much is the sustainable palm oil market? The sustainable palm oil market size was valued at USD 0.95 Billion in 2023.
What is the growth rate of the sustainable palm oil market? The market is projected to grow at a CAGR of 4.50% during the forecast period, 2024-2032.
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National Post
5 hours ago
- National Post
Superior Announces Q2 2025 Results with Strong First Half; Reaffirms Guidance
Article content All dollar amounts are in USD unless otherwise noted and changes in performance are relative to same period of 2024 unless otherwise noted Article content Adjusted EBITDA (1) in the first half of the year (H1) was up $15.1 million, or 5.4%. Second quarter 2025 Adjusted EBITDA (1) of $33.5 million was down $9.8 million primarily due to lower propane volumes following a strong Q1 H1 Adjusted EBTDA per share (1) of $0.95 was up $0.13. Q2 Adjusted EBTDA per share (1) of $0.05 was down $0.02 H1 Adjusted Net Earnings (Loss) per share (1) of $0.43 was up $0.14. Q2 Adjusted Net Earnings (Loss) per share (1) of $(0.25) was down $0.02 H1 Free Cash Flow per share (1) of $0.81 increased $0.36. Second quarter Free Cash Flow per share (1) of $(0.14) increased by $0.02 Superior Delivers remains on track and contributed $5.0 million to Adjusted EBITDA (1) in H1 and $2.7 million in Q2; Adjusted EBITDA (1) in the CNG business grew $3.8 million, or 4.8%, in H1, and $0.2 million, or roughly flat, in Q2 Superior is reaffirming its 2025 expected Adjusted EBITDA (1) growth rate of approximately 8% Returned approximately C$114.5 million to common shareholders through dividends and share repurchases in H1, including the repurchase of approximately 5.7% of outstanding shares. In Q2, the company repurchased 3.2% of outstanding shares and since November 2024 the company has now repurchased just over 10% of outstanding shares Article content Article content (1) Article content Adjusted EBITDA, Adjusted EBTDA per share, Adjusted Net Earnings per share and Free Cash Flow per share are Non-GAAP Financial Measures. See 'Non-GAAP Financial Measures and Ratios' section below. Article content TORONTO — Superior Plus Corp. (' Superior ' or ' the company ') (TSX: SPB) today released its second quarter results for the period ended June 30, 2025. Article content 'We delivered a strong first-half and continue to build momentum as we advance our Superior Delivers transformation,' said Allan MacDonald, President and Chief Executive Officer. 'As expected, the second quarter reflected seasonally lower volumes for our propane business, particularly following strong Q1 deliveries along with the deferral of some Q2 deliveries as part of our transformation initiatives. Second quarter performance was also impacted by a wholesale supply disruption due to a temporary plant shutdown in California. Superior Delivers remains on track, and we are well positioned for the remainder of the year.' Article content 'I'm also encouraged by the performance of our CNG business, especially given the challenges in the oil and gas sector,' continued MacDonald. 'Through disciplined cost management and strong performance outside of the wellsite business, Certarus grew EBITDA by 5% in the first half of 2025 and maintained its leadership position in the market as the sector navigates a temporary cyclical slowdown.' Article content Three Months Ended Six Months Ended June 30 June 30 (millions of dollars) 2025 2024 (2) 2025 2024 (2) U.S. Propane Adjusted EBITDA (1) – 9.6 163.6 153.5 Canadian Propane Adjusted EBITDA (1) 12.6 13.5 61.7 59.2 CNG Adjusted EBITDA (1) 27.4 27.2 82.5 78.7 Adjusted EBITDA from operations (1) 40.0 50.3 307.8 291.4 Corporate Operating Costs (1) (6.5) (7.0) (13.8) (12.5) Adjusted EBITDA (1) 33.5 43.3 294.0 278.9 Note: Beginning in Q1 2025, the contribution from wholesale activities has been rolled into the U.S. and Canadian Propane segments to better reflect how the business operates. (1) Adjusted EBITDA from operations, Corporate Operating Costs and Adjusted EBITDA are Non-GAAP Financial Measures. See 'Non-GAAP Financial Measures and Ratios' section below. (2) Comparative figures have been restated to be consistent with Superior's segment disclosure. See 'Overview of Superior and Basis of Presentation' for more information about the change in segment reporting. Article content Financial Overview Three Months Ended Six Months Ended June 30 June 30 (millions of dollars, except per share amounts) 2025 2024 2025 2024 Revenue 423.2 422.9 1,431.6 1,320.6 Gross Profit 228.9 235.2 727.8 700.4 Net earnings (loss) for the period (14.7) (45.3) 131.7 39.9 Net earnings (loss) for the period attributable to Superior per share, basic and diluted $ (19.4) $ (50.0) $ 122.3 $ 30.5 Adjusted Net Earnings per share (1)(2) $ (0.25) $ (0.23) $ 0.43 $ 0.29 Adjusted EBITDA from operations (1) 40.0 50.3 307.8 291.4 Adjusted EBITDA (1) 33.5 43.3 294.0 278.9 Adjusted EBITDA per share (1)(3) $ 0.13 $ 0.16 $ 1.12 $ 1.00 Adjusted EBTDA per share (1)(3) $ 0.05 $ 0.07 $ 0.95 $ 0.82 Free Cash Flow per share (1)(2) $ (0.14) $ (0.16) $ 0.81 $ 0.45 Cash dividends declared on common shares Cash dividends declared per share C$ 0.045 C$ 0.18 C$ 0.09 C$ 0.36 (1) Adjusted EBITDA from operations, Adjusted EBITDA, Adjusted EBTDA per share, Adjusted Net Earnings per share and Free Cash Flow per share are Non-GAAP Financial Measures. See 'Non-GAAP Financial Measures and Ratios' section below. (2) The basic weighted average number of outstanding shares for the three and six months ended June 30, 2025 was 227.9 million and 231.7 million (three and six months ended June 30, 2024 was 248.6 million and 248.6 million). The preferred share dividends are deducted from the numerator in this calculation. (3) The diluted weighted average number of outstanding shares for the three and six months ended June 30, 2025 was 257.9 million and 261.7 million (three and six months ended June 30, 2024 was 278.6 million and 278.6 million). The diluted weighted average number of shares assumes the exchange of the issued and outstanding preferred shares into common shares. There were no other dilutive instruments for the three and six months ended June 30, 2025 and 2024. Article content Propane Distribution Results and Superior Delivers (changes in performance are relative to the same period of 2024) Article content First half 2025 adjusted EBITDA (1) across propane operations increased by $12.6 million, or 5.9%, driven by strong volumes in Q1 and contribution from Superior Delivers. Q2 Adjusted EBITDA (1) across propane operations declined by $10.5 million due to the timing of deliveries following high-volumes in Q1 and the impact from the company's targeted improvement in delivery efficiency reducing customers' in-tank volume during the quarter. Within the wholesale business, which is now disclosed as part of the U.S. and Canadian propane segments, a temporary supply disruption in California also negatively impacted margins in the second quarter. Results from Superior Delivers continue to progress in line with expectations, contributing $5.0 million to Adjusted EBITDA (1) in the first half and $2.7 million in Q2. Within the Customer Growth pillar, the company continues to advance sophisticated pricing analytics and implement new pricing strategies. Through the Cost-to-Serve pillar, the company has begun schedule optimization and is utilizing more sophisticated delivery efficiency tools which are performing well. Additionally, scheduling optimization has been successfully deployed to more than half of the company's markets across North America and is expected to be in all markets prior to the return of the high-volume heating season. The company continues to expect Superior Delivers to contribute $20 million in Adjusted EBITDA (1) in 2025 and remains on track to deliver at least $70 million of incremental Adjusted EBITDA (1) by 2027. Article content Q2 CNG Results (changes in performance are relative to the same period in 2024) Article content H1 Adjusted EBITDA (1) increased by 4.8% to $82.5 million; Q2 Adjusted EBITDA (1) increased 0.7% to $27.4 million as strong results in the company's industrial, renewable natural gas ('RNG') and Hydrogen businesses largely offset competitive pressures in the wellsite business. The company's industry-leading fleet of mobile storage units ('MSUs'), averaged 869 in the second quarter, up 14% mainly due to additions made in the second half of 2024. Q2 volumes of 7,186,000 MMBtu increased 2.5%, while MMBtu per MSU declined by 10% reflecting wellsite market conditions and increased mix of revenue from industrial, RNG and Hydrogen segments. Revenue from Industrial, RNG, and Hydrogen increased 48%, driven by consistent work over the past several quarters to expand our business with new customers and projects in these industry segments. Certarus collaborated with Mitsubishi Power and Georgia Power to deliver the world's largest hydrogen fuel blending demonstration on an advanced class gas turbine for power generation across several weeks in May and June. The company's efficiency improvement actions drove a decrease of approximately 5% in operating cost per MMBtu during the second quarter. Article content Quarterly Dividend and Common Share Repurchases Article content Consistent with its previously communicated capital allocation strategy, Superior expects to allocate approximately C$140 million annually to share repurchases. The company is on track with its share repurchase plans and expects to renew its NCIB in mid-Q4. During H1 2025, Superior repurchased 13.6 million common shares, or approximately 5.7% of its outstanding public float, at an average price of C$6.87 per share for a total of approximately C$93.4 million, or C$95.4 million including related taxes. During Q2 2025, Superior repurchased 7.4 million common shares, or approximately 3.2% of its outstanding public float, at an average cost of C$7.30 per share for a total of approximately C$53.2 million. Declaring a quarterly common share dividend of C$0.045 per share, payable to shareholders of record as of September 29, 2025. The common share dividend will be payable on October 15, 2025. Debt and Leverage Article content The company's Leverage Ratio (1) as of Q2 2025 was 3.8x, compared to 3.7x at Q1 2025 due to the higher US dollar value of Canadian dollar denominated debt and lower Q2 2025 Adjusted EBITDA. Q2 2025 leverage was flat compared with 3.8x at Q2 2024. The company now expects to end 2025 with a Leverage Ratio of ~3.7x, up slightly from the prior target of 3.6x, mainly due to a stronger-than-forecast Canadian dollar. The company is maintaining its mid-2027 target of 3.0x. On August 8 th, the company and its syndicate of lenders executed an amendment to both secured revolving credit facilities. Under the amendments, the C$750M core revolver term has been extended to August 2030 and the limit has been converted to US$600M. The C$550M side car facility term has been extended to August 2028. These amendments provide the company with ample flexibility to execute its strategic plan. Article content MD&A and Financial Statements Article content Superior's MD&A and the unaudited condensed Consolidated Financial Statements as at and for the quarter ended June 30, 2025 provide a detailed explanation of Superior's operating results. These documents are available online on Superior's website at Article content Superior Plus Financial Reports Article content and on Superior's profile at Article content SEDAR+ Article content . Article content 2025 Second Quarter Conference Call Article content A conference call and webcast to discuss the 2025 second quarter financial results will be held at 8:30 AM EDT on Wednesday, August 13, 2025. To register as a participant, please use the following link: Article content Register Here Article content . The webcast will be available for replay on Superior's website at: Article content Article content under the Events section. Article content About Superior Plus Article content Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 750,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers low carbon Article content 1 Article content fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance. Article content 1 Superior defines 'low carbon' and 'lower carbon' fuels as those with a lower carbon intensity than fossil fuels that may be utilized in the same application (e.g. diesel, gasoline). Article content Forward-Looking Information Article content This news release contains information or statements that are or may be 'forward-looking statements' within the meaning of applicable Canadian securities laws. When used in this presentation, the words 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'estimate', 'predict', 'forecast', 'project', 'intend', 'target', 'potential', 'continue' or the negative of these terms or terminology of a similar nature as they relate to Superior or an affiliate/subsidiary of Superior are intended to identify forward-looking statements. Forward-looking statements in this news release include, without limitation, information and statements relating to: Superior's future financial position, the anticipated initiatives, impact of, and our ability to successfully execute on the Article content transformation, expected 2025 EBITDA growth, expected 2025 Adjusted EBITDA growth of $20 million attributable to Article content Superior Delivers Article content initiatives in 2025 and $70+ million by 2027, expected allocation of capital to share repurchases in 2025, expected renewal of an NCIB in 2025, anticipated increases in shareholder value and expected Leverage Ratio at 2025 and the company's mid-term target leverage ratio. Article content Forward-looking information is provided to provide information about management's expectations and plans for the future and may not be appropriate for other purposes. Forward-looking information herein is based on various assumptions, and expectations that Superior believes are reasonable in the circumstances, including assumptions about our ability to execute on the goals and targets of the Superior Delivers transformation, including $35 million in Adjusted EBITDA growth from cost-to-serve improvements, $30 million in Adjusted EBITDA growth from customer growth initiatives; and $5 million in Adjusted EBITDA growth from the company's wholesale business activities, in each case, from 2025 to 2027; foreign exchange rates; competition; expected average weather; interest rates remaining flat with the current level; number and average acquisition price of common shares repurchased; management's estimates and expectations in relation to future economic and business conditions and the resulting impact on growth and accretion in various financial metrics; the absence of significant undisclosed costs or liabilities associated with acquisitions; and other assumptions disclosed in Superior's 2025 Q2 MD&A available at SEDAR+ at and on Superior's website at No assurance can be given that these assumptions and expectations will prove correct. Those assumptions and expectations are based on information currently available to Superior, including information obtained from third-party industry analysts and other third-party sources, and the historic performance of Superior's businesses and businesses it has acquired. Superior cautions that the assumptions used to prepare such forward-looking information, including estimated financial guidance, could prove to be incorrect or inaccurate. Article content The forward-looking information is also subject to the risks and uncertainties set forth below. By its very nature, forward-looking information involves numerous assumptions, risks and uncertainties, both general and specific. Should one or more of these risks and uncertainties materialize or should underlying assumptions prove incorrect, as many important factors are beyond our control, Superior's actual performance and financial results may vary materially from those estimates and expectations contemplated, expressed or implied in the forward-looking information. These risks and uncertainties include the success and of, and timing to achieve, the initiatives being pursued pursuant to the Superior Delivers program, ongoing capital requirements of the businesses, weather differing materially from the five year average weather, market conditions, demand and competition for CNG in jurisdictions where CNG operates, economic activity in the oil and gas sector, commodity prices, risks relating to incorrect assessments of value when making acquisitions, failure to realize expected cost-savings and synergies from acquisitions, increases in debt service charges, the loss of key personnel, fluctuations in foreign currency and exchange rates, fluctuations in commodity prices, increasing rates of inflation, inadequate insurance coverage, liability for cash taxes, counterparty risk, compliance with environmental laws and regulations, reduced customer demand, operational risks involving our facilities and equipment, force majeure, labour relations matters, our ability to access external sources of debt and equity capital, and the risks identified in (i) our 2024 Annual MD&A under the heading 'Risk Factors' and (ii) Superior's most recent Annual Information Form. The preceding list of assumptions, risks and uncertainties is not exhaustive. Article content When relying on our forward-looking information to make decisions with respect to Superior, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking information is provided as of the date of this document and, except as required by law, Superior does not undertake to update or revise such information to reflect new information, subsequent or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking information. Article content The estimates and targets regarding Superior's future financial performance, including, but not limited to, estimated target of incremental Adjusted EBITDA of $70 million from the Superior Delivers transformation by 2027, are provided herein to assist readers in understanding Superior's estimated and targeted financial results, and such information may not be appropriate for other purposes. Superior and its management believe that such information has been prepared based on assumptions that are reasonable in the circumstances, reflecting management's best estimates and judgements, and represents, to the best of management's knowledge and opinion, Superior's estimated and targeted financial results. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. Article content Non-GAAP Financial Measures and Ratios Article content Throughout this news release, Superior has identified specific terms, including ratios, that it uses that are not standardized measures under International Financial Reporting Standards ('Non-GAAP Financial Measures') and, therefore may not be comparable to similar financial measures disclosed by other issuers. Information to reconcile these Non-GAAP Financial Measures to the most directly comparable financial measures in Superior's condensed consolidated financial statements as at and for the three months ended June 30, 2025 ('Q2 2025 Financial Statements') is provided below. Certain additional disclosures for these Non-GAAP Financial Measures, including an explanation of the composition of these financial measures, how they provide helpful information to an investor, and any additional purposes management uses for them, are incorporated by reference from the 'Non-GAAP Financial Measures and Reconciliations' section in Superior's 2025 Second Quarter MD&A dated August 13, 2025, available on Article content . Article content Adjusted EBITDA is consistent with the Segment profit (loss) disclosed in Note 18 Reportable Segment Information of the Financial Statements. Adjusted EBITDA from operations is the sum of U.S. Propane, Canadian Propane, and CNG Segment profit (loss). Adjusted EBITDA per share is calculated by dividing Adjusted EBITDA by the weighted average outstanding shares assuming the exchange of the issued and outstanding preferred shares into common shares. Article content Adjusted EBTDA is calculated as Adjusted EBITDA less interest on borrowings and interest on lease liability. Adjusted EBTDA per share is calculated by dividing Adjusted EBTDA by the weighted average outstanding shares assuming the exchange of the issued and outstanding preferred shares into common shares. Article content Corporate Operating Costs are defined as Corporate Segment profit (loss) disclosed in Note 18 Reportable Segment Information of the condensed consolidated financial statements as at and for the three months ended June 30, 2025. Article content Capital Expenditures are inclusive of purchases of property, plant and equipment and intangible assets and lease additions. Article content Leverage Ratio is determined by dividing Superior's Net Debt by its Pro Forma Adjusted EBITDA, both of these components are Non-GAAP Financial Measures. Proforma Adjusted EBITDA is Adjusted EBITDA calculated on a 12-month basis giving effect to acquisitions, if any, to the first day of the calculation period. Proforma Adjusted EBITDA was calculated by taking the sum of the year ended December 31, 2024 Adjusted EBITDA ($455.5 million) and the Adjusted EBITDA for the six months ended June 30, 2025 ($294.0 million) less the Adjusted EBITDA for the six months ended June 30, 2024 ($278.9 million). Net Debt is calculated as the sum of borrowings after deferred financing fees ($1,809.2 million) reduced by cash and cash equivalents ($21.6 million) as at June 30, 2025. Article content Free Cash Flow per share is calculated as Segment Profit (Loss) ($33.5 million) less interest expense ($20.7 million), taxes paid ($10.6 million), capital expenditures ($27.5 million), transaction, restructuring and other costs ($2.4 million) and the preferred share dividend paid in the period ($4.7 million). Free Cash Flow per share is calculated by dividing Free Cash Flow by the weighted average common outstanding shares. This calculation excludes changes in non-cash operating working capital and other, which can fluctuate meaningfully and from quarter to quarter and can therefore detract from the purpose of the metric which is to demonstrate the performance from the underlying operations. Article content Adjusted Net Earnings is calculated as segment profit for the period ($33.5 million) and adjusting for depreciation and amortization ($64.5 million), taxes ($2.5 million), gain (loss) on disposal ($1.6 million), finance expense ($21.4 million) and the preferred share dividend paid in the period ($4.7 million). Adjusted Net Earnings per share is calculated by dividing Adjusted Net Earnings by the weighted average common shares outstanding. This metric was changed from the prior quarter to align the treatment of gains (losses) on financial and non-financial derivatives and foreign currency translation to be consistent with Adjusted EBITDA. Article content Article content Article content Article content Article content Contacts Article content Superior Plus Corp. Article content Article content Website: Article content Article content Article content E-mail: Article content investor-relations@ Article content Article content Article content Article content
The Market Online
15 hours ago
- The Market Online
Canopy Growth, Silver North Resources, Vonovia
Market volatility continues to rise, yet the US stock markets are still managing to defend their record highs. The price of silver made a comeback last week, closing above the USD 38 mark after several weeks of sideways movement. The ongoing uncertainty in both geopolitical and fiscal policy could help propel the precious metal to reach new highs, which should benefit both producers and exploration companies alike. This article is disseminated in partnership with Apaton Finance GmbH. It is intended to inform investors and should not be taken as a recommendation or financial advice. Canopy Growth – Surprising gains The cannabis industry, once celebrated, has been in a downward spiral for years. One of the leading players, Canopy Growth, has lost 99.90% of its value since its all-time high of CAD 766.80 and is currently trading at CAD 1.72. However, there are opportunities for a rebound, and the chances of a strong recovery are reflected in the latest quarterly figures. One of the leading cannabis companies in both the recreational and medical segments beat analysts' forecasts. Canopy Growth reported a loss of USD 0.16 per share in the first quarter, slightly missing the consensus estimate of minus USD 0.15. Revenue rose 9% year-on-year to USD 64.12 million, significantly exceeding the expected USD 47.91 million. Growth was primarily driven by the Canadian market for recreational and medical cannabis, as well as higher international cannabis sales. Net revenue in the Canadian recreational segment climbed 43% to CAD 27 million. This was due to stronger sales expansion and high demand for flowers and processed products such as pre-rolled joints. In the medical segment in Canada, revenues increased by 13%, supported by more insured customers, larger order quantities and an expanded product range in the online shop. The subsidiary Storz & Bickel generated revenue of CAD 15 million, a decline of 25% compared to the strong prior-year quarter. Uncertain consumer sentiment and the high comparative figure had a negative impact. For the second half of 2025, Storz & Bickel plans to launch a new vaporizer, which the Company believes has great sales potential. Silver North Resources – Ideal conditions Precious metals are booming, which is no surprise given the current geopolitical and fiscal uncertainty. While gold is likely to test the USD 3,500 mark again, the price of silver managed to stay above the important horizontal resistance level of USD 38 per ounce last week. Unlike its big brother, silver not only has a reputation as a safe haven, but also has the advantage of being increasingly in demand as an industrial metal, primarily for alternative energy sources and artificial intelligence hardware. Producers and promising exploration companies such as Silver North Resources (TSXV:SNAG) are naturally benefiting from the rising silver price. The Canadian company has two properties in its portfolio that could significantly increase its current market capitalization of CAD 15.35 million in the medium term. The Haldane property, which borders directly on Hecla Mining's area, is considered particularly promising. The first 27 drill holes have already yielded exceptionally high silver grades of over 300 grams per tonne. In order to further explore the area and obtain additional data, another drilling program is scheduled to start in August. Ten drill holes with a total length of around 2,500 meters are planned to expand the Keno-type silver-lead-zinc mineralization at the newly discovered Main Fault target. At least three high-grade silver veins have been identified there to date. The second flagship project, the Tim Project, is located near Watson Lake and in close proximity to Coeur Mining's Silvertip mine. The property benefits from solid infrastructure and has demonstrated anomalous values of silver, lead, and zinc. Last year, project partner Coeur Mining conducted an initial drilling program on site, the results of which have not yet been published. Silver North shares have benefited from both the rising silver price and positive fundamental developments, now trading at CAD 0.25, reflecting a gain of nearly 210%. The stock declined last week after Silver North Resources announced the completion of a private placement totaling CAD 268,235, which will be used to fund the exploration and development of its properties. Vonovia – Real estate slump over? Europe's leading private residential real estate company also presented strong figures. Vonovia made significant progress in the first half of 2025 and raised its forecast for adjusted pre-tax profit. The DAX-listed company now expects EUR 1.85 to 1.95 billion instead of the previous EUR 1.75 to 1.85 billion. Management expects adjusted EBITDA to be at the upper end of the previous target range of EUR 2.7 billion to EUR 2.8 billion. The long-term targets for 2028 remain unchanged. In the period from January to June, adjusted operating profit rose by 12% to EUR 1.42 billion. While the largest contribution from the rental business increased only slightly, the Value-Add, Recurring Sales, and Development segments posted more significant growth. Adjusted EBT, which is important for the dividend calculation, climbed 11% to EUR 984 million, corresponding to earnings per share of EUR 1.20, up from EUR 1.09 in the previous year. Net profit after taxes amounted to EUR 795 million, compared with a loss of EUR 508 million in the first half of 2024. Vonovia shares benefited from the positive outlook and climbed by around 5% after publication. The chart picture would brighten significantly if the horizontal resistance level of EUR 28.86 were to be exceeded. Cannabis company Canopy Growth reported better-than-expected figures, triggering a rebound. The German real estate sector may also have bottomed out, judging by the figures and forecasts of real estate developer Vonovia. Silver North Resources shares are benefiting from both rising silver prices and fundamental business developments. Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a 'Transaction'). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company. In this respect, there is a concrete conflict of interest in the reporting on the companies. 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Japan Forward
a day ago
- Japan Forward
Japan Needs a New Role that's Not America's Cash Dispenser
Can Japan reclaim a sovereign economic policy when its role as a major funder of America has grown for decades while the US current account deficit has widened? US President Donald Trump and Japan's Economic Revitalization Minister Ryosei Akazawa during tariff negotiations. The White House posted this on X (formerly Twitter) on July 22. It shouldn't surprise anyone that leaders in the United States treat Japan as a cash dispenser. President Donald Trump touted the Japan-US agreement for a $550 billion USD (about ¥80 trillion JPY) investment-and-loan framework. He called it "like a signing bonus that a baseball player would get… That's our money. It's our money to invest, as we like." US Commerce Secretary Howard Lutnick put it bluntly: "Japanese are the financier. They are the banker. They are not the operator." The Ishiba administration has bargained almost exclusively over tariff rates in the Japan-US talks — most notably, bringing forward the 15% tariff on automobiles and auto parts. By contrast, the Trump administration is intent on locking in Japan's framework for investment in the US.A comparison of Japanese firms' direct investment in the US with their domestic capital spending shows both total and net amounts. For domestic investment, net means gross outlays minus depreciation — that is, new facilities. For US investment, net excludes reinvestment of locally generated funds, so most of it represents new facilities. In gross terms, investment headed to the US is about one-third of domestic spending. On a net basis, the relationship flips. In fiscal 2023 and 2024, net investment in the US is more than double the net investment at home. During his February visit to Washington, Prime Minister Shigeru Ishiba sought to ingratiate himself with Trump. He boasted that Japan is the largest source of direct investment in that country. In practice, Japan is channeling capital to America while shortchanging investment at home. For a White House bent on reviving American manufacturing, Japan is like a moth to the flame. Japanese firms are gladly bringing fresh capital and cutting-edge technology to the US. Alongside steep import tariffs, the Trump administration is urging companies from Japan and Europe to invest in the US. That approach bore fruit in the Japan-US tariff deal on July 22 and the US-European Union (EU) deal on July 27. Japan's investment in the US is fully underwritten by government-affiliated lenders. It is led by the Japan Bank for International Cooperation (JBIC), through equity, loans, and credit guarantees. By contrast, under the US-EU agreement, the EU has declared that investment will be executed entirely by the private sector, not governments. EU data show the bloc's net direct investment in the US is highly volatile as it prioritizes repatriation. In 2023, it swung sharply negative. Japan's investment, by comparison, has risen steadily. And with government-affiliated institutions now fully engaged, that trajectory is likely to continue. Investment always entails risk. In manufacturing, private capital often hesitates under the pricing pressure of cheap Chinese imports. When government-affiliated institutions fund firms directly — or guarantee their bank loans — they take on that risk, clearing a major obstacle to private investment. On top of that, roughly 90% of the returns from these investments accrue to the US, with only about 10% to Japan. President Donald Trump speaks at the White House on August 6. (©Reuters via Kyodo) Getting the deal, Trump declared, "It's our money to invest, as we like," signaling that Washington would choose the investors, the projects, and the spending. The implication was plain: Japan should just provide the money. The cash dispenser label has rarely felt more apt. Only one prominent Japanese politician ever openly pushed back. He was former Finance Minister Shōichi Nakagawa, who died in October 2009. After the collapse of Lehman Brothers on September 15, 2008, Nakagawa visited the White House on October 11. He met President George W Bush and others to discuss Washington's plans to rescue its financial institutions. There, he was shocked to learn that the Bush administration had removed North Korea from the list of state sponsors of terrorism, despite unresolved abductions of Japanese citizens. He pressed Bush directly. Back in Tokyo and still dissatisfied, Nakagawa received an old acquaintance — a former senior US official — at the minister's office after 3 PM on October 20. He asked him to deliver a verbal message to President Bush: "Japan will not quietly serve as America's cash dispenser." I was present as the interpreter. (For details, see my book Bōkoku no Zaimu Genrishugi (tentative English title: The Fiscal Fundamentalism Driving Japan to Ruin ), published by Kaya Shobo.) Since Nakagawa's death, Japan's role as a major funder of America has only grown. The US current account deficit keeps widening. Surplus capital from Japan — where domestic demand is weak — flows into dollar-denominated markets, supporting US equities, the dollar, and US Treasuries. Even so, it's hard to say Japan secured better terms from Washington than the EU or the United Kingdom (UK) in the tariff deal. Lamenting the Ishiba administration's weakness won't change that. The task now is to reclaim a sovereign economic policy that puts domestic investment first. Unless Japan abandons tax hikes, austerity, and overreliance on the US market, it will remain America's cash dispenser. (Read the report in Japanese .) Author: Hideo Tamura
