| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 66.74 | 11.4% | 19.9% |
| Total Income | 66.74 | 11.4% | 19.9% |
| Expenditure | 51.81 | 67.7% | 36.2% |
| PBT | 15.53 | 24.7% | 2453.0% |
| Net Profit | 10.22 | 61.4% | 1346.3% |
| OPM | — | ||
| NPM | 15.31% | 28.93pp | 16.29pp |
| EPS | 0.09 | 62.5% | 1000.0% |
Village Farms Reports Record Q3 2025 Net Sales Up 21% YoY to $66.7 Million
04 May 2026 · 4 May, 7:32 am
Summary
Village Farms International, Inc. reported record financial performance for Q3 2025, with consolidated net sales increasing by 21% to $66.7 million. The company achieved record net income from continuing operations of $10.8 million, or $0.09 per share, and record adjusted EBITDA of $20.2 million, representing 30.3% of sales. Canadian Cannabis net sales increased by 29%, with a gross margin of 56%. The company ended the quarter with approximately $88 million in cash and has initiated a share repurchase program.
Key Highlights
- 1
Consolidated net sales increased by 21% year-over-year to $66.7 million in Q3 2025.
- 2
International export sales increased by 758% compared to the prior year.
- 3
Consolidated net income from continuing operations was $10.8 million, or $0.09 per share, up year-over-year and sequentially.
- 4
Consolidated adjusted EBITDA reached $20.2 million, representing 30.3% of sales, both company records.
- 5
Operating cash flow was $24.4 million, bringing the year-to-date total to $46.7 million.
- 6
Canadian Cannabis delivered record net sales and a record gross margin of 56% in Q3 2025.
- 7
A 40 metric ton production capacity expansion is underway for Canadian Cannabis.
Management Comments
Michael DeGiglio
The Company delivered another quarter of record financial performance that demonstrates our continued success profitably scaling what we believe is one of the most attractive platforms for value creation in the global cannabis industry. Our team achieved several new performance records in Q3, with both year-over-year and sequential increases in each of net income from continuing operations, adjusted EBITDA and cash flow from operations. Congratulations to all our Village Farms team members around the world whose hard work, tenacity and integrity are continuing to enable our success.
Informational and educational content only. Not investment advice.