Village Farms International Reports Q1/25 Results: Sales Rise 4%, Net Loss Widens, Diluted EPS at $(0.06)

Reuters
13 May
Village Farms International Reports Q1/25 Results: Sales Rise 4%, Net Loss Widens, Diluted EPS at $(0.06)

Village Farms International Inc. reported its financial results for the first quarter of 2025, highlighting a strategic focus on profitable sales and international expansion. The company's net sales were $0.5 million, with a net loss of $0.2 million and an adjusted EBITDA of $0.1 million. The Village Farms Fresh (Produce) segment experienced a 4% increase in sales to $37.4 million, up from $36.1 million. This increase was driven by higher volumes from supply partners, although it was partially offset by lower average selling prices compared to the prior-year quarter. The gross margin in this segment was negatively impacted by dust storms during March and April 2025, resulting in a negative gross margin of $4.2 million. Consequently, the segment reported a net loss of $7.8 million, compared to a net income of $0.1 million in the previous year, and an adjusted EBITDA loss of $5.1 million, down from $2.0 million. In the Canadian Cannabis segment, the company achieved its strongest EBITDA performance in three years, maintaining a top three market share nationally despite a reduction in lower-margin branded sales. Net income and adjusted EBITDA for this segment increased by 258% and 64% year-over-year, respectively. Additionally, international medical export cannabis sales rose by 285% year-over-year. The company also commenced cannabis sales in the Netherlands, marking its entry into the European recreational market. The company announced a transformative transaction to privatize certain fresh produce segment assets, aiming to focus resources on global cannabis growth opportunities. Village Farms International cautioned that the first quarter results may not be indicative of future performance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Village Farms International Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9449805-en) on May 12, 2025, and is solely responsible for the information contained therein.

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