#Organto Foods Achieves Record Financial Performance in Q2 2026
Organto Foods Inc., a supplier of organic and fairtrade produce, reported impressive financial results for the second quarter of 2026, with record sales reaching $27.7 million, a 61% increase from the same period last year. The company also highlighted substantial gains in gross profit and a positive shift in earnings before interest, taxes, depreciation, and amortization (EBITDA).
During Q2 2026, Organto's gross profit increased by 65% to $2.1 million, marking the highest gross profit recorded in the company's history. When adjusted for the impact of currency hedging, the gross profit rose further to $2.2 million, representing a remarkable 204% increase compared to the previous year.
The company’s cash operating expenses were 6.3% of total sales, which was a decrease from last year's figure of 6.8%. This reflects improved operational efficiency as Organto continues to scale its business.
As of June 30, 2026, Organto reported a solid balance sheet, showcasing $15.3 million in working capital and the absence of long-term debt. With a current cash balance of $5.4 million and equity up by 87% in 2026, the company's financial position appears robust.
Organto’s annualized sales run rate now exceeds $100 million, underscoring the company’s rapid growth trajectory driven by onboarding new business and increased sales from existing customers. CEO Steve Bromley noted that the company is committed to building a leading name in the organic and fairtrade food sectors.
Organto Foods will hold a conference call on August 13, 2026, at 12:00 pm EST to discuss these financial results and outline future directions. This session will allow investors to gain insights into the company’s strategic vision and operational adjustments.
In Q2 2026, Organto Foods reported sales of $27.7 million, representing a 61% increase compared to the same quarter in the previous year when sales were $17.2 million. This marked the largest quarterly sales in the Company's history.
Organto Foods reported a gross profit of $2.1 million in Q2 2026, which is a 65% increase from the $1.3 million reported in the same quarter of the prior year. The adjusted gross profit, factoring in currency hedging, reached $2.2 million, reflecting a 204% improvement compared to the previous year.
As of June 30, 2026, Organto Foods reported no long-term debt and a strong working capital of $15.3 million. This indicates a significant improvement in financial health compared to prior periods, where debt restructuring occurred.
As of Q2 2026, Organto Foods' annualised sales run rate exceeds $100 million. This figure is based on the substantial sales growth observed during the quarter.
Organto Foods reported a net loss from continuing operations of $0.1 million for Q2 2026, significantly lower than the $7.2 million loss in the same quarter of the previous year. Prior results included a settlement loss of $3.8 million and additional restructuring costs.
In Q2 2026, cash operating expenses decreased to 6.3% of sales, amounting to $1.7 million, an improvement relative to the $1.2 million or 6.8% of sales in the previous year. The decrease in operating expenses as a percentage of sales reflects the Company's growth and increased scale.
Organto Foods will host a conference call for investors and analysts on Thursday, August 13, 2026, at 12:00 pm EST. During this call, the executives will discuss the financial results and outlook.
Detailed financial statements and management discussions for Organto Foods can be found on SEDAR at www.SEDARplus.ca or on the Company website at www.organto.com under the Investors tab.