Winpak posts record Q3 revenue but margin and profit slip
Winpak reported third-quarter 2026 revenue of USD 312.5m, up 10.4% from USD 283.0m a year earlier and its highest quarterly figure on record. Net income attributable to equity holders fell 3.3% to USD 35.2m as lower gross profit cut USD 2.0m from earnings, partly offset by USD 1.7m from higher volumes. Winpak expects fourth-quarter volume growth similar to the third quarter and a modest sequential margin improvement.
Why this mattersRecord volumes without earnings growth show gross-margin pressure in Winpak's food and healthcare packaging; management expects only a modest sequential margin improvement in the fourth quarter.
- Q3 2026 revenue USD 312.5m, up 10.4% from USD 283.0m in Q3 2025, a quarterly record
- Q3 net income attributable to equity holders USD 35.2m, down USD 1.2m (3.3%)
- Lower gross profit reduced Q3 earnings by USD 2.0m; higher sales volumes added USD 1.7m
- Nine-month 2026 earnings USD 99.8m, down 1.4% from USD 101.2m
- Q4 volume growth expected to track Q3, with a modest sequential margin improvement