Business
Organto Foods Announces Second Quarter 2025 Financial Results
TORONTO, ON AND BREDA, THE NETHERLANDS / ACCESS Newswire / August 26, 2025 / Organto Foods In...
About this update from Organto Foods, Inc.
[{"type":"text","content":"Organto Foods Announces Second Quarter 2025 Financial ResultsTORONTO, ON AND BREDA, THE NETHERLANDS / ACCESS Newswire / August 26, 2025 / Organto Foods Inc. (TSXV:OGO)(OTCQB:OGOFF)(FSE:OGF) (\"Organto\" or \"the Company\"), is pleased to announce its financial results for the three and six-month periods ended June 30, 2025. All amounts are expressed in Canadian dollars and in accordance with International Financial Reporting Standards (IFRS), except where specifically noted.Hi-LitesQuarter Ended June 30, 2025Second quarter sales of $17.2 million, an increase of 291% versus the prior year. Largest quarterly sales in the history of the Company and representing 83% of total fiscal 2024 sales of $20.7 million.Gross profit of $1.3 million, an increase of 352% versus the prior year. Largest quarterly gross profit dollars in the history of the Company.Cash operating expenses of 6.8% of sales versus 13.4% in the prior year. Cash operating costs as percentage of sales improved as business scales and overheads are leveraged.EBITDA(1) (Earnings before interest, taxes, depreciation and amortization) of $(0.5) million, reflecting improved operating results offset by the impact of losses on derivatives used to manage currency risk.Six-Month Period Ended June 30, 2025Sales of $30.8 million, an increase of 241% versus the prior year, and already 49% greater than fiscal 2024 total sales of $20.7 million.Gross profit of $2.4 million, an increase of 325% versus the first six months of the prior year, and already 35% greater than fiscal 2024 total gross profit of $1.8 million.Cash operating expenses of 6.7% of sales versus 11.3% in the prior year. Cash operating costs as percentage of sales demonstrate continued improvement as the business scales and overheads are leveraged.EBITDA(1) (Earnings before interest, taxes, depreciation and amortization) of $(0.2) million versus $(0.5) in the prior year, reflecting improved operating results offset by the impact of losses on derivatives used to manage currency risk.Balance sheet significantly strengthened as a result of improved operations, debt restructuring and financing activities:Working capital of $0.2 million versus negative working capital of $14.6 million at December 31, 2024.Short-term loans and convertible debentures reduced to $2.5 million versus $12.5 million at December 31, 2024.\"We're quite...