Village Farms International Inc
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
VFF$2.67-6.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
For the Years Ended December 31,
(In thousands of United States dollars, except share and per share data)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Sales | $336,181 | $285,603 | $293,572 |
| Cost of sales | (288,781) | (236,177) | (266,075) |
| Gross profit | 47,400 | 49,426 | 27,497 |
| Selling, general and administrative expenses | (71,048) | (65,501) | (72,265) |
| Interest expense | (3,365) | (4,509) | (3,244) |
| Interest income | 914 | 1,018 | 207 |
| Foreign exchange (loss) gain | (2,843) | 602 | (2,255) |
| Other income (expense) | 4,015 | 5,616 | (115) |
| Write-off of joint venture loan | — | — | (592) |
| Goodwill and intangible asset impairments | (11,939) | (14,020) | (43,299) |
| Other impairments | (439) | — | — |
| Loss before taxes and loss from equity method investments | (37,305) | (27,368) | (94,066) |
| Recovery of (Provision for) income taxes | 1,662 | (7,451) | (4,681) |
| Loss from equity method investments | — | — | (2,668) |
| Loss including non-controlling interests | (35,643) | (34,819) | (101,415) |
| Less: net (income) loss attributable to non-controlling interests, net of tax | (207) | 21 | 269 |
| Net loss attributable to Village Farms International, Inc. shareholders | $(35,850) | $(34,798) | $(101,146) |
| Basic loss per share attributable to Village Farms International, Inc. shareholders | $(0.32) | $(0.32) | $(1.13) |
| Diluted loss per share attributable to Village Farms International, Inc. shareholders | $(0.32) | $(0.32) | $(1.13) |
| Weighted average number of common shares used in the computation of loss per share (in thousands): | |||
| Basic | 111,370 | 108,728 | 89,127 |
| Diluted | 111,370 | 108,728 | 89,127 |
| Loss including non-controlling interests | $(35,643) | $(34,819) | $(101,415) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustment | (16,265) | 4,237 | (15,460) |
| Comprehensive loss including non-controlling interests | (51,908) | (30,582) | (116,875) |
| Less: comprehensive loss (income) attributable to non-controlling interests | 665 | (436) | 1,432 |
| Comprehensive loss attributable to Village Farms International, Inc. shareholders | $(51,243) | $(31,018) | $(115,443) |
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