sur Organto Foods Inc. (CVE:OGO)
Organto Foods Reports Record Financial Performance for Q2 2026
Organto Foods Inc. has released its record-breaking financial results for the second quarter ending June 30, 2026. The company achieved a 61% increase in sales, amounting to $27.7 million, marking the highest quarterly sales in its history. Gross profit also soared by 65% to reach $2.1 million, with adjusted gross profit rising to $2.2 million, boosted by currency hedging strategies.
The company’s EBITDA improved significantly, moving from a loss of $0.5 million last year to a positive $0.4 million. Notably, Organto maintained a robust balance sheet, boasting $15.3 million in working capital and no long-term debt. The annualized sales run rate now exceeds $100 million.
Operating leveraging improved due to overhead reduction with cash operating expenses standing at 6.3% of sales, down from 6.8% in the prior year. Organto's strategic management has resulted in a minimal net loss from continuing operations at $0.1 million, a significant reduction from the previous year's $7.2 million loss.
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