on Organto Foods Inc. (CVE:OGO)
Organto Foods Reports Record First Quarter Financial Performance in 2026
Organto Foods Inc., a supplier of certified organic and fairtrade produce, announced record financial results for the first quarter of 2026. Sales reached $25.6 million, marking an 88% increase from the previous year and the company's highest quarterly sales to date. Gross profit rose to $1.8 million, a 62% increase compared to last year.
Despite facing logistical challenges, Organto maintained a positive EBITDA of $0.1 million. Operating costs were better managed, accounting for 6.2% of sales compared to 6.5% the previous year. The company also strengthened its balance sheet, improving its working capital by $6.9 million.
CEO Steve Bromley expressed optimism about Organto's trajectory, attributing growth to new customer acquisitions and supply chain expansions. While challenges such as higher logistics costs due to geopolitical tensions persisted, the company's strategic focus remains on building a leading organic food enterprise.
R. P.
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