Quarterly ResultAug 10, 2026, 07:11 AM
Village Farms Q2 Net Sales $64M, Net Income $7.1M
AI Summary
Village Farms International reported strong second-quarter 2026 financial results, with consolidated net sales increasing 7% year-over-year to $64 million and net income reaching $7.1 million, or $0.06 per share. The cannabis segment was a key driver, achieving record revenues of $53.5 million and a 16% increase in Adjusted EBITDA to $15.3 million. The company also saw significant growth in international export sales, which rose 74% year-over-year to $20.9 million, and is progressing with expansion projects in the Netherlands and Canada, ending the quarter with $73 million in cash.
Key Highlights
- Consolidated Net Sales increased 7% year-over-year to $64 million.
- Net Income was $7.1 million, or $0.06 per share.
- Cannabis Net Sales grew 5% year-over-year to a record $53.5 million.
- Cannabis Segment Adjusted EBITDA from continuing operations increased 16% to $15.3 million.
- International export sales surged 74% year-over-year to a record $20.9 million.
- Company closed the second quarter with $73 million in cash.
- Delta 2 greenhouse expansion is on track to reach 40 metric tonnes by mid-2027.
- Awarded "Producer of the Year" at the 2026 Business of Cannabis Awards.
Price Impact
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