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Village Farms International (VFF) investor relations material
Village Farms International Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary10 Nov, 2025
Executive summary
Achieved record consolidated net sales of CAD 66.7 million (USD 66.7 million) in Q3 2025, up 21% year-over-year, driven by Canadian Cannabis and Netherlands operations.
Net income from continuing operations reached CAD 10.8 million (USD 10.8 million), or CAD 0.09 per share, reversing a net loss in Q3 last year.
Adjusted EBITDA from continuing operations was CAD 20.7 million (USD 20.7 million), with a margin of 31%, both record highs.
Strong cash flow from operations at CAD 24.4 million in Q3, and CAD 46.7 million for the first nine months; cash position at quarter end was CAD 88 million (USD 87.6 million).
Canadian cannabis segment delivered record sales, margin, and EBITDA, with a 40 metric ton production capacity expansion underway.
Financial highlights
Consolidated net sales increased 21% to CAD 66.7 million (USD 66.7 million) in Q3 2025; nine-month sales reached CAD 166.3 million, up 10%.
Gross profit for Q3 2025 was CAD 31.9 million, up 134% year-over-year; nine-month gross profit was CAD 68.5 million, up 78%.
Net income attributable to shareholders for Q3 2025 was CAD 10.2 million, compared to a net loss of CAD 0.8 million in Q3 2024; nine-month net income was CAD 30.0 million, versus a CAD 27.2 million loss last year.
Adjusted EBITDA for Q3 2025 was CAD 20.7 million, up 283% year-over-year; nine-month adjusted EBITDA was CAD 33.6 million, up 530%.
Basic EPS for Q3 2025 was CAD 0.09; nine-month basic EPS was CAD 0.27.
Outlook and guidance
Capacity expansion projects in Canada and Europe are expected to drive further growth in sales and cash flow in 2026.
Netherlands phase two facility to increase capacity fivefold, expected to drive significant revenue growth in 2026.
Anticipates entering additional international medical cannabis markets in the first half of 2026.
Gross margin guidance for cannabis remains at 30-40% long-term, despite recent outperformance.
Board approved a CAD 10 million share repurchase program, reflecting confidence in future performance.
Is 56% Canadian cannabis gross margin sustainable?
Netherlands 5x capacity: margin impact in 2024?
Texas expansion: How to navigate NASDAQ listing?
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Next Village Farms International earnings date
Q4 202513 Mar, 2026
Next Village Farms International earnings date
Q4 202513 Mar, 2026
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Frequently asked questions
Village Farms International, Inc. is a vertically integrated greenhouse grower and distributor of tomatoes, bell peppers and cucumbers grown through high-tech, environmentally-controlled greenhouses in British Columbia and Texas. It is one of the largest distributors of greenhouse produce in North America. It is also one of the continent's largest producers of greenhouse produce under the Village Farms brand. Village Farms owns, operates and jointly manages farms in B.C., Ontario, Quebec, New York and Texas with more than 11 million square feet (1.05 million cubic meters) of state-of-the-art greenhouse production systems located in North America. Village Farms International is based in Delta, Canada.
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