Village Farms International, Inc.
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 12, 2026
VFF$2.67-6.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statem ents of Cash Flows
For the Years Ended December 31,
(In thousands of United States dollars)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Cash flows provided by (used in) operating activities: | |||
| Income (loss) from continuing operations including non-controlling interests | $20,988 | $(27,942) | $(33,076) |
| Adjustments to reconcile loss including non-controlling interests to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 16,379 | 16,723 | 14,090 |
| Amortization of deferred charges | 116 | 10 | 136 |
| Interest expense | 2,704 | 3,365 | 4,495 |
| Interest paid on long-term debt | (2,779) | (4,203) | (4,700) |
| Unrealized foreign exchange loss | 13 | 233 | 64 |
| Goodwill and intangible asset impairments | — | 11,939 | 14,020 |
| Inventory and other impairments | 217 | 10,961 | — |
| Non-cash lease expense | 951 | 731 | 1,193 |
| Share-based compensation | 1,741 | 3,747 | 3,111 |
| Deferred income taxes | (2,074) | (1,739) | 7,046 |
| Changes in non-cash working capital items | 19,856 | (97) | 1,254 |
| Net cash provided by operating activities from continuing operations | 58,112 | 13,728 | 7,633 |
| Cash flows (used in) provided by investing activities: | |||
| Purchases of property, plant and equipment | (18,219) | (7,168) | (3,604) |
| Purchases of intangibles | (395) | (158) | — |
| Equity investment | — | — | (548) |
| Repayment of note receivable | — | — | 835 |
| Net cash used in investing activities from continuing operations | (18,614) | (7,326) | (3,317) |
| Cash flows (used in) provided by financing activities: | |||
| Proceeds from borrowings | 19,295 | — | — |
| Repayments on borrowings | (27,160) | (5,709) | (9,281) |
| Purchase of non-controlling interest | — | (3,817) | — |
| Proceeds from issuance of common stock and warrants | — | — | 24,772 |
| Issuance costs | — | — | (1,437) |
| Share repurchases | (2,971) | — | — |
| Proceeds from exercise of warrants and stock options | 5,031 | — | 83 |
| Other financing activities | (546) | — | — |
| Net cash used in (provided by) financing activities from continuing operations | (6,351) | (9,526) | 14,137 |
| Discontinued Operations | |||
| Net cash (used in) provided by operating activities from discontinued operations | (8,388) | (3,381) | (2,318) |
| Net cash provided by (used in) investing activities from discontinued operations | 38,710 | (2,914) | (2,914) |
| Net cash used in financing activities from discontinued operations | (4,000) | — | — |
| Net cash flows provided by discontinued operations | 26,322 | (6,295) | (5,232) |
| Effect of exchange rate changes on cash and cash equivalents | 2,152 | (1,241) | 394 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 61,621 | (10,660) | 13,615 |
| Cash, cash equivalents and restricted cash, beginning of period | 24,631 | 35,291 | 21,676 |
| Cash, cash equivalents and restricted cash, end of period | $86,252 | $24,631 | $35,291 |
| Supplemental disclosure of non-cash activities: | |||
| Non-Cash - investing and financing activities | |||
| Operating lease right-of-use assets | $691 | $117 | $5,578 |
| Operating lease liabilities | $691 | $117 | $5,578 |
| Supplemental cash flow information | |||
| Income Taxes Paid | $93 | $— | $— |
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