VANCOUVER, BC / ACCESS Newswire / May 22, 2026 / GLG Life Tech Corporation (NEX:GLG.H) ("GLG" or the "Company"), a global leader in the agricultural and commercial development of high-quality zero-calorie natural sweeteners, announces financial results for the three months ended March 31, 2026. The complete set of financial statements and management discussion and analysis are available on SEDAR and on the Company's website at www.glglifetech.com.
The Company reported revenues of $2.3 million in the first quarter of 2026, a decrease of 26% compared with $3.2 million in revenues for the first quarter of 2025. The Company reported gross profit for continuing operations of $0.3 million for the three months ended March 31, 2026, compared to $0.5 million in gross profit for the same period last year. The gross profit margin was 13% for the three months ended March 31, 2026, compared to 14% for the same period in 2025, or a decrease of one percentage point.
For the three months ended March 31, 2026, compared to the same period in 2025, SG&A expenses were even at $0.3 million.
For the three months ended March 31, 2026, the Company had net loss attributable to the Company from continuing operations of $5.5 million, an increase in net loss of $2.3 million over the comparable period in 2025 (net loss of $3.2 million).
