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GlobeNewswire·

Village Farms Delivers Another Quarter of Record Financial Performance in Q3/25

VFF
  • Consolidated net sales increased 21% year-over-year to $66.7 million for the third quarter ended September 30, 2025.
  • Consolidated net income from continuing operations reached $10.8 million, or $0.09 per share, compared to a net loss in the prior year period.
  • Consolidated adjusted EBITDA hit a record $20.2 million, representing 30.3% of sales.
  • Operating cash flow for the quarter was $24.4 million, bringing year-to-date total to $46.7 million.
  • The company ended the quarter with approximately $88 million in cash.
  • Canadian cannabis net sales grew 29% to $46.6 million, driven by a shift to higher-margin SKUs.
  • International export sales surged 758% year-over-year, with Germany identified as a key growth market.
  • Canadian cannabis gross margin reached a record 56%, up from 26% in the prior year.
  • A 40 metric ton production capacity expansion is underway at the Canadian Delta 2 greenhouse, expected to ramp through 2026.
  • The Netherlands Drachten facility has reached full operating capacity, while construction of a second facility scheduled for Q1 2026 is on track to quintuple production.
  • U.S. cannabis segment net sales decreased 4% to $3.3 million, with a net loss of $0.4 million.
  • The Board approved a $10 million share repurchase program at the end of the third quarter.
  • Brian Ellis was hired as Chief Information and Technology Officer effective November 6, 2025.
  • The Texas medicinal marijuana license application remains pending, with a decision expected on December 1, 2025.
  • Canadian cannabis market share remains in the top five overall, holding the number two spot in dried flower.