Organto Foods Announces Record First Quarter 2026 Financial Results

About this update from Organto Foods, Inc.

[{"type":"text","content":"Results Reflect Continued Record Growth","length":39,"tagName":"p"},{"type":"text","content":"TORONTO, ON AND BREDA, THE NETHERLANDS / ACCESS Newswire / May 26, 2026 / Organto Foods Inc. (TSXV:OGO)(OTCQX:OGOFF)(FSE:OGF0) ("Organto" or "the Company"), is pleased to announce its financial results for the three months ended March 31, 2026. All amounts are expressed in Canadian dollars and in accordance with International Financial Reporting Standards (IFRS), except where specifically noted.","length":418,"tagName":"p"},{"type":"text","content":""We are very pleased with our first quarter 2026 results which we believe reflect the strong momentum and operating leverage we are realizing in our business, combined with the solid financial platform we now have in place. During the first quarter we on-boarded a number of new customers, suppliers and logistics partners, which contributed to the growth we realized. The combination of our growing business, which delivered record results in the quarter, and our strengthened financial position, leads to our optimism as we work to build a world-class organic and fairtrade foods company. With continued execution we believe we are on the path to creating lasting value for our partners, customers, team members and shareholders." commented Steve Bromley, Co-Chair and Chief Executive Officer.","length":805,"tagName":"p"},{"type":"text","content":"Hi-Lites","length":8,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter sales of $25.6 million versus $13.6 million in the prior year, an increase of approximately 88% versus the prior year. Largest quarterly sales in the history of the Company.","length":187,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $1.8 million versus $1.1 million in the prior year, an increase of approximately 62% versus the prior year and before the impact of foreign currency hedging contracts. Largest quarterly gross profit dollars in the history of the Company.","length":253,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash operating costs of 6.2% of sales versus 6.5% in the same quarter in the prior year and 7.6% for the entire prior year. Cash operating costs as a percentage of sales continue to decline as the business scales and overheads are leveraged.","length":241,"tagName":"p"}]},{"...

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