Swiss Water Stories 12 months Finish and Fourth Quarter 2024 Outcomes

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VANCOUVER, British Columbia, March 12, 2025 (GLOBE NEWSWIRE) — Swiss Water Decaffeinated Espresso Inc. (TSX:SWP) (“Swiss Water” or “the Firm”), a number one specialty espresso firm and premium chemical free espresso decaffeinator, at the moment reported monetary outcomes for the three months and financial yr ended December 31, 2024. All quantities are expressed in Canadian {dollars} except in any other case said.

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Fiscal 12 months 2024 Monetary Highlights

• Income of $173.1 million, a rise of 4% over the prior yr;
• Gross Revenue of $26.2 million, a rise of 39% over prior yr;
• Web Revenue of $1.3 million, a rise of 340% over prior yr;
• Adjusted EBITDA of $14.3 million, a rise of seven% over the prior yr;
• Volumes for the yr are up barely;
• Working value efficiencies from consolidated manufacturing;
• The NY’C’ espresso futures worth for Arabica espresso remained unstable through the yr, peaking at US$3.36/lb in December. In 2024, the NY’C’ averaged US$2.35/lb, in comparison with a mean of US$1.72/lb in 2023, a rise of 37%. Spot availability of coffees stays very low and stress on the futures market continues.

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Fourth Quarter 2024 Highlights

• Income of $49.2 million, a rise of 19% over This autumn 2023;
• Gross Revenue of $7.0 million, a rise of 1% over This autumn 2023;
• Web Revenue of $2.0 million, a rise of 109% over prior yr;
• Adjusted EBITDA of $4.9 million, a slight lower of two% over This autumn 2023;
• Full compensation of $15.9 million Mill Highway debenture with warrants;
• This autumn 2024 volumes have been stronger than anticipated. Nevertheless, they have been marginally decrease than This autumn 2023, which included greater than regular volumes as a backlog of orders which had amassed through the transition to the Firm’s new facility have been processed and shipped.

“2024 was a pivotal yr for Swiss Water, certainly one of transformation and resilience. Regardless of persistent volatility in world espresso markets, we’re happy to report strong outcomes that underscore the effectiveness of our strategic method and the belief of our prospects. The consolidation of our manufacturing into our new Delta facility has positioned us for enhanced operational effectivity and sustainable long-term progress,” stated Frank Dennis, CEO of Swiss Water. “Our popularity for premium high quality decaffeinated espresso, mixed with our strategic stock positioning, enabled us to fulfill our prospects’ wants throughout a difficult market atmosphere. By sustaining a powerful stability sheet, we preserved stock in important areas, guaranteeing roasters may entry our high-quality espresso with speedy availability. Within the fourth quarter, we additional fortified our monetary place by retiring a major debt obligation to Mill Highway Capital LLC, which meaningfully expands our strategic and monetary flexibility. As we glance ahead, we stay steadfastly dedicated to creating worth for our prospects and stakeholders, by confidently navigating the dynamic world espresso panorama.”

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Abstract of Monetary Outcomes

Adjusted EBITDA

Swiss Water defines Adjusted EBITDA as internet revenue earlier than curiosity, depreciation, amortization, impairments, share-based compensation, positive factors/losses on overseas trade, positive factors/losses on disposal of property and capital gear, honest worth changes on embedded choices, loss on extinguishment of debt, adjustment for the affect of IFRS 16 – Leases, and provision for revenue taxes and different non-cash positive factors associated to a remeasurement of asset retirement obligation. The Firm’s definition of Adjusted EBITDA additionally excludes unrealized positive factors and losses on the undesignated portion of overseas trade ahead contracts.

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The reconciliation of internet revenue, an IFRS measure, to Adjusted EBITDA is as follows:

Name Particulars

A convention name to debate Swiss Water’s latest monetary outcomes shall be held on Thursday,
March 13, 2025, at 1:00 pm Pacific (4:00 pm Jap). To entry the convention name, please dial:

• 1-888-506-0062 (toll-free) or
• 1-973-528-0011 (worldwide);
• Listeners shall be prompted to supply an entry code: 714346. If a listener doesn’t have this code, they will reference the Firm title instead passcode.

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A replay shall be accessible via March 27, 2025, at

• 1-877-481-4010 (toll-free) or
• 1-919-882-2331 (worldwide); replay passcode: 52072

A extra detailed dialogue of Swiss Water Decaffeinated Espresso Inc.’s latest monetary outcomes is offered within the Firm’s Administration Dialogue and Evaluation filed on SEDAR+ and Swiss Water’s web site (investor.swisswater.com).

For extra data, please contact:

Iain Carswell, Chief Monetary Officer
Swiss Water Decaffeinated Espresso Inc.
Telephone: 604.420.4050
E-mail: investor-relations@swisswater.com 
Web site: investor.swisswater.com

About Swiss Water

Swiss Water Decaffeinated Espresso Inc. is a number one specialty espresso firm and a premium chemical free espresso decaffeinator that employs the proprietary Swiss Water® Course of to decaffeinate inexperienced espresso with out using chemical solvents, comparable to methylene chloride. It additionally owns Seaforth Provide Chain Options Inc., a inexperienced espresso dealing with and storage enterprise. Each companies are positioned in Delta, British Columbia, Canada.

Ahead-Trying Statements

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Sure statements on this press launch might represent “forward-looking” statements that contain identified and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, ranges of exercise, efficiency, or achievements to be materially totally different from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by such forward-looking statements. When used on this press launch, such statements might embrace such phrases as “might”, “will”, “anticipate”, “imagine”, “plan”, “anticipate” and different comparable terminology. These statements mirror administration’s present expectations relating to future occasions and working efficiency, in addition to administration’s present estimates, however that are primarily based on quite a few assumptions and will show to be incorrect. These statements are neither guarantees nor ensures, however contain identified and unknown dangers and uncertainties, together with, however not restricted to, dangers associated to processing volumes and gross sales progress, working outcomes, the availability of utilities, the availability of espresso and packaging supplies, provide of labour drive, basic business circumstances, commodity worth dangers, expertise, competitors, overseas trade charges, development timing, prices and financing of capital initiatives, a possible affect of any pandemics, world and native local weather modifications, modifications in rates of interest, inflation, taxation, transportation availability, and basic financial circumstances. Further dangers are mentioned in Swiss Water’s most not too long ago revealed Annual Data Kind, the annual and quarterly Administration Dialogue and Evaluation, and audited and interim consolidated monetary statements that may be discovered on SEDAR+ and the Firm’s web site. The forward-looking statements and monetary outlook data contained herein are made as of the date of this press launch and are expressly certified of their entirety by this cautionary assertion. Besides to the extent required by relevant securities legislation, Swiss Water undertakes no obligation to publicly replace or revise any such statements to mirror any change in administration’s expectations or in occasions, circumstances, or circumstances on which any such statements could also be primarily based, or that will have an effect on the chance that precise outcomes will differ from these described.

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