Swiss Water reports a 4% increase in revenue and 340% increase in net income.

From GlobeNewswire: 2025-03-12 18:30:00

Swiss Water Decaffeinated Coffee Inc. reported financial results for the three months and fiscal year ended December 31, 2024. Revenue for the fiscal year was $173.1 million, a 4% increase over the prior year, with a net income of $1.3 million, a 340% increase over the prior year. The NY’C’ coffee futures price for Arabica coffee peaked at US$3.36/lb in December 2024. In the fourth quarter of 2024, revenue was $49.2 million, a 19% increase over Q4 2023, with net income at $2.0 million, a 109% increase over the prior year.

CEO Frank Dennis highlighted the operational efficiency and growth of Swiss Water in 2024 despite global coffee market volatility. Adjusted EBITDA for the year was $14.3 million, a 7% increase over the prior year. A conference call to discuss financial results will be held on March 13, 2025. Swiss Water’s proprietary Swiss Water® Process is used for decaffeinating coffee without chemical solvents. Certain statements in the press release may constitute forward-looking statements regarding future performance and risks.



Read more at GlobeNewswire: Swiss Water Reports Year End and Fourth Quarter 2024