Swiss Water Decaffeinated Coffee Inc. Reports First Quarter 2026 Financial Results
VANCOUVER, British Columbia – May 1, 2026 – Swiss Water Decaffeinated Coffee Inc. (TSX: SWP) (“Swiss Water” or “the Company”) today announced its financial results for the first quarter ended March 31, 2026.
All financial information is reported in Canadian dollars unless otherwise indicated.
First Quarter 2026 Highlights
- Revenue for the first quarter of 2026 was $20.1 million, a decrease of 13% compared to $23.2 million in the first quarter of 2025.
- Gross profit for the first quarter of 2026 was $6.2 million, or 30.8% of revenue, compared to $7.4 million, or 31.9% of revenue, in the first quarter of 2025.
- Net income for the first quarter of 2026 was $2.3 million, or $0.16 per share, compared to $3.1 million, or $0.22 per share, in the first quarter of 2025.
- The Company processed 14.3 million pounds of green coffee during the first quarter of 2026, compared to 16.1 million pounds in the first quarter of 2025.
Management Commentary
“Whereas our first quarter results reflect the challenging market conditions we discussed in our year-end call, we are encouraged by the increasing signals of improving supply from our green coffee suppliers,” said Frank Clegg, Chief Executive Officer of Swiss Water. “We continue to focus on operational efficiencies and maintaining our high standards of quality and sustainability.”
Financial Summary
| (in thousands of Canadian dollars) | Q1 2026 | Q1 2025 |
|---|---|---|
| Revenue | $20,100 | $23,200 |
| Gross Profit | $6,200 | $7,400 |
| Net Income | $2,300 | $3,100 |
| Earnings per Share (basic) | $0.16 | $0.22 |
| Pounds of Green Coffee Processed | 14,300 | 16,100 |
Outlook
Swiss Water anticipates continued volatility in the green coffee market. The Company remains focused on its long-term strategy of providing sustainable and high-quality decaffeination services to its customers.
The full details of the financial statements and Management’s Discussion and Analysis are available on the Company’s website at https://swisswater.com/ and on SEDAR+ at https://www.sedarplus.ca/.