sur Organto Foods, Inc. (CVE:OGO)
Organto Foods Reports Record First Quarter 2025 Financial Results
Organto Foods Inc. has announced its financial outcomes for the first quarter of 2025, revealing significant growth. Sales reached $13.6 million, a leap of 193.5% from the previous year, marking the highest quarterly sales in the company's history. Gross profit increased by 298.1% to $1.1 million, highlighting the firm's robust financial health. This quarter also saw a reduction in cash operating expenses to 6.8% of sales, down from 10.5% the prior year.
For the first time, Organto achieved a positive EBITDA of $0.3 million, moving from a loss in the previous year. The company's strategic restructuring over the past 18 months, including portfolio optimization and cost reduction, has laid a foundation for continued growth. Additionally, a recent private placement and debt settlements have strengthened their financial position. These results underscore Organto’s commitment to its goal of becoming a leader in the healthy foods market.
R. H.
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