05:13 PM EST, 11/18/2025 (MT Newswires) -- Organto Foods ( OGOFF ) on Tuesday said it swung to an adjusted profit in third-quarter on higher sales.
The food and vegetable company reported an adjusted profit, excluding most one-time items, of $0.2 million in the quarter, compared to a year-prior adjusted loss of $0.8 million.
The company said sales nearly tripled to $15.1 million from $5.2 million in the year-prior period. It exceeded $13.5 million sales estimates compiled by FactSet. Sales surged as new customers were added, while several existing customers increased their purchases, the company said. The third-quarter sales represent the largest for the period in the history of the company.
"We believe our results for the third quarter are a solid reflection of the strong momentum and financial strength we are building in our business. These results are the outcome of the extensive restructuring and business realignment we've executed over the past 21 months, which we believe sets a solid foundation for sustained growth, stability, and a clear path to profitability," said Steve Bromley, co-chair and CEO of Organto.
The company's shares closed unchanged at $0.65 on the Toronto Stock Exchange.