More sales of fruit clusters, butter, milk and other packaged food made with macadamia nuts boosted revenue for Hawaii’s largest macadamia farm last year, but costs also surged and left Royal Hawaiian Orchards LP with a financial loss that was little changed from the year before.

Royal Hawaiian said in a financial report published Wednesday that it lost $2 million in 2016 compared with $2.2 million a year earlier.

Revenue surged 44 percent to $26.6 million last year from $18.5 million the year before, but expenses surged 48 percent to keep Royal Hawaiian’s bottom line about the same.

The company said that sales of its branded packaged snacks that it began making in 2012 rose 47 percent. Yet it also cost the company more to get its snacks into retail stores because of advertising and promotional expenses.

Royal Hawaiian said its snack foods were in about 20,000 stores last year, up from about 15,000 stores a year earlier.

The Hilo-based company farms roughly 5,400 acres of macadamia trees on Hawaii island and also sells raw nuts in bulk. Such bulk sales also increased, even though the volume of nuts harvested last year dropped to about 14 million pounds from 19 million pounds the year before. Royal Hawaiian, which maintains an inventory of stored nuts, said weather conditions inhibited nut production.

Shifting from a producer and wholesaler into major retailing has taken its toll. Royal Hawaiian historically sold its whole crop wholesale and was long known as ML Macadamia Orchards LP. Last year’s financial loss was its fifth in a row.

Royal Hawaiian noted Wednesday that it might not be able to meet all its financial obligations this year and that it is reducing expenses and inventory to sustain operations. The company also said it plans to seek investment capital to satisfy its debts or extend a July 15 maturity date for a $2.8 million loan that it doesn’t expect it can repay using cash generated from operations.

“If we are not able to raise funds through an equity offering or to extend the terms of our debt, we may be forced to sell assets to repay maturing debt or discontinue operations,” the company said in its financial report. The company also noted that it has previously been able to extend the maturity date for this loan, which was used to acquire some orchards.

Partnership shares in Royal Hawaiian, which typically trade lightly on an over-the-counter stock exchange and are mainly held by Denver investor and former Quark Software Inc. CEO Farhad “Fred” Ebrahimi, closed Thursday down 14 cents at a 52-week low of $2.31. Shares on Wednesday fell 18 cents to $2.45 after the financial report was issued. The high price over the past year was $3.20 on May 5.