Village Farms International, Inc.
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 11, 2025
VFF$2.67-6.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands of United States dollars, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Sales | $59,899 | $53,597 | $99,579 | $95,584 |
| Cost of sales | (37,557) | (39,960) | (63,057) | (70,730) |
| Gross profit | 22,342 | 13,637 | 36,522 | 24,854 |
| Selling, general and administrative expenses | (15,411) | (17,056) | (30,030) | (31,306) |
| Interest expense | (814) | (901) | (1,516) | (1,815) |
| Interest income | 109 | 322 | 184 | 528 |
| Foreign exchange gain (loss) | 1,792 | (403) | 1,708 | (1,281) |
| Other income | 4,430 | 45 | 4,451 | 149 |
| Goodwill and intangible asset impairments | — | (11,939) | — | (11,939) |
| Income (loss) before taxes and equity method investment income | 12,448 | (16,295) | 11,319 | (20,810) |
| Provision for income taxes | (2,503) | (260) | (3,486) | (580) |
| Equity method investment income, net of tax | — | — | — | — |
| Income (loss) from continuing operations | 9,945 | (16,555) | 7,833 | (21,390) |
| Income (loss) from discontinued operations, net of tax | 16,294 | (7,003) | 11,291 | (4,847) |
| Income (loss) including non-controlling interests | 26,239 | (23,558) | 19,124 | (26,237) |
| Less: net loss (income) attributable to non-controlling interests, net of tax | 258 | 9 | 670 | (164) |
| Net income (loss) attributable to Village Farms International, Inc. shareholders | $26,497 | $(23,549) | $19,794 | $(26,401) |
| Basic income (loss) per share attributable to Village Farms International, Inc. shareholders from: | ||||
| Continuing operations | $0.09 | $(0.15) | $0.08 | $(0.20) |
| Discontinued operations | 0.15 | (0.06) | 0.10 | (0.04) |
| Basic income (loss) per share attributable to Village Farms International, Inc. shareholders | $0.24 | $(0.21) | $0.18 | $(0.24) |
| Diluted income (loss) per share attributable to Village Farms International, Inc. shareholders from: | ||||
| Continuing operations | $0.10 | $(0.15) | $0.08 | $(0.20) |
| Discontinued operations | 0.14 | (0.06) | 0.10 | (0.04) |
| Diluted income (loss) per share attributable to Village Farms International, Inc. shareholders | $0.24 | $(0.21) | $0.18 | $(0.24) |
| Weighted average number of common shares used in the computation of net income (loss) per share (in thousands): | ||||
| Basic | 112,347 | 110,960 | 112,342 | 110,604 |
| Diluted | 112,736 | 110,960 | 112,607 | 110,604 |
| Income (loss) including non-controlling interests | $26,239 | $(23,558) | $19,124 | $(26,237) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustment | 9,870 | (2,001) | 10,835 | (6,252) |
| Comprehensive income (loss) including non-controlling interests | 36,109 | (25,559) | 29,959 | (32,489) |
| Comprehensive (income) loss attributable to non-controlling interests | (239) | 117 | 100 | 232 |
| Comprehensive income (loss) attributable to Village Farms International, Inc. shareholders | $35,870 | $(25,442) | $30,059 | $(32,257) |
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