Village Farms International Reports Record Q4 2025 Earnings Driven by Cannabis Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
0mins
Should l Buy VFF?
Source: seekingalpha
- Significant Sales Growth: Village Farms International reported consolidated net sales of $49.6 million in Q4 2025, reflecting a 9% year-over-year increase, with Canadian cannabis sales reaching $52.7 million, up 10%, indicating strong market performance.
- Surge in International Exports: International cannabis export sales increased more than sixfold, driven by expanded operations in the Netherlands and advantages from EU-GMP certification, further solidifying the company's position as a leading EU-GMP certified cannabis operator globally.
- Improved Profitability: The company reported a net income of $2.3 million, reversing a loss of $5.7 million from the previous year, with earnings per share at $0.02, and adjusted EBITDA rising to $8.6 million, showcasing significant improvements in profitability and cash flow.
- Positive Future Outlook: Management anticipates sequential growth in international exports in 2026 and plans to begin shipping to multiple new jurisdictions in the coming months, indicating a continued commitment to expanding in the global cannabis market.
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Analyst Views on VFF
About VFF
Village Farms International, Inc. is a vertically integrated supplier of plant-based consumer packaged goods in the cannabis and cannabidiol (CBD) categories in North America, the Netherlands, and selected markets internationally. Its segments include Produce, Cannabis-Canada, Cannabis-U.S., Clean Energy and Cannabis - Netherlands. Produce segment produces, markets and sells tomatoes, bell peppers and cucumbers. Cannabis-Canada produces and supplies cannabis products to be sold to other licensed providers and provincial governments across Canada and internationally. Cannabis-U.S. develops and sells CBD-based health and wellness products, including ingestible, edible and topical applications, across the United States. Clean Energy receives a royalty representing a portion of the natural gas that is sold to one customer pursuant to its long-term contract. Cannabis - Netherlands segment produces and supplies cannabis products in the Netherlands, supplying designated coffee shops.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Village Farms Extends Loan Maturity and Lowers Interest Rate
- Loan Terms Improvement: Village Farms successfully amended its loan with Farm Credit Canada, reducing the interest rate by 50 basis points and extending the maturity date to February 3, 2031, indicating improved financial health and future growth potential.
- Loan Balance Details: The current loan balance stands at $15.4 million with an interest rate below 7.0%, providing the company with better funding costs that support its growth objectives for 2026.
- Long-term Partnership: Executive Stephen Ruffini highlighted the collaborative relationship with FCC, which has been a valued partner for 20 years, reflecting Village Farms' stability and trust in financing.
- Market Leadership: Village Farms holds a leading market share in Canada, operating one of the largest EU-GMP certified cannabis facilities globally, with competitive products in international medical markets, further solidifying its industry position.
See More
VILLAGE FARMS INTERNATIONAL INC: ALL OTHER LOAN TERMS REMAIN UNALTERED.
- Loan Terms: All other material terms of the loan remain unchanged.
- Stability: The current conditions of the loan are stable and consistent.
See More
VILLAGE FARMS INTERNATIONAL INC - REDUCES LOAN INTEREST RATE BY 50 BASIS POINTS AND EXTENDS MATURITY DATE TO FEBRUARY 3, 2031
- Loan Interest Rate Adjustment: Village Farms International has improved its loan interest rate by 50 basis points.
- Maturity Extension: The maturity of the loan has been extended to February 3, 2031.
See More
VILLAGE FARMS POSITIVELY REVISIONS AND EXTENDS LOAN WITH FARM CREDIT CANADA
Farm Credit Canada Updates: Farm Credit Canada has made favorable amendments to its loan programs, enhancing support for farmers.
Loan Extensions: The organization is extending loan terms, providing more flexibility and financial relief to agricultural producers.
See More
Village Farms International Reports Record Q4 2025 Earnings Driven by Cannabis Growth
- Significant Sales Growth: Village Farms International reported consolidated net sales of $49.6 million in Q4 2025, reflecting a 9% year-over-year increase, with Canadian cannabis sales reaching $52.7 million, up 10%, indicating strong market performance.
- Surge in International Exports: International cannabis export sales increased more than sixfold, driven by expanded operations in the Netherlands and advantages from EU-GMP certification, further solidifying the company's position as a leading EU-GMP certified cannabis operator globally.
- Improved Profitability: The company reported a net income of $2.3 million, reversing a loss of $5.7 million from the previous year, with earnings per share at $0.02, and adjusted EBITDA rising to $8.6 million, showcasing significant improvements in profitability and cash flow.
- Positive Future Outlook: Management anticipates sequential growth in international exports in 2026 and plans to begin shipping to multiple new jurisdictions in the coming months, indicating a continued commitment to expanding in the global cannabis market.
See More
Village Farms Reports Strong Q4 Earnings with Significant Growth
- Earnings Highlights: Village Farms reported a Q4 GAAP EPS of $0.01 with revenue of $49.6 million, reflecting a 9.3% year-over-year growth that indicates the company's stable growth and improved profitability in the market.
- Surge in International Sales: International export cannabis sales skyrocketed by 384% year-over-year, significantly boosting overall revenue and demonstrating the company's expansion potential and competitiveness in the global market.
- Net Income and Cash Flow: The Q4 net income from continuing operations was $2.3 million, translating to $0.02 per share, with adjusted EBITDA reaching $8.6 million and operating cash flow of $11.4 million, showcasing strong operational efficiency and financial health.
- Gross Margin Performance: Canadian cannabis operations achieved a gross margin of 43% in Q4, with adjusted EBITDA of $9.8 million, representing 25.8% of sales, which not only enhances profitability but also lays a solid foundation for future investments and expansion.
See More
Village Farms Extends Loan Maturity and Lowers Interest Rate
- Loan Terms Improvement: Village Farms successfully amended its loan with Farm Credit Canada, reducing the interest rate by 50 basis points and extending the maturity date to February 3, 2031, indicating improved financial health and future growth potential.
- Loan Balance Details: The current loan balance stands at $15.4 million with an interest rate below 7.0%, providing the company with better funding costs that support its growth objectives for 2026.
- Long-term Partnership: Executive Stephen Ruffini highlighted the collaborative relationship with FCC, which has been a valued partner for 20 years, reflecting Village Farms' stability and trust in financing.
- Market Leadership: Village Farms holds a leading market share in Canada, operating one of the largest EU-GMP certified cannabis facilities globally, with competitive products in international medical markets, further solidifying its industry position.
See More
VILLAGE FARMS INTERNATIONAL INC: ALL OTHER LOAN TERMS REMAIN UNALTERED.
- Loan Terms: All other material terms of the loan remain unchanged.
- Stability: The current conditions of the loan are stable and consistent.
See More
VILLAGE FARMS INTERNATIONAL INC - REDUCES LOAN INTEREST RATE BY 50 BASIS POINTS AND EXTENDS MATURITY DATE TO FEBRUARY 3, 2031
- Loan Interest Rate Adjustment: Village Farms International has improved its loan interest rate by 50 basis points.
- Maturity Extension: The maturity of the loan has been extended to February 3, 2031.
See More
VILLAGE FARMS POSITIVELY REVISIONS AND EXTENDS LOAN WITH FARM CREDIT CANADA
Farm Credit Canada Updates: Farm Credit Canada has made favorable amendments to its loan programs, enhancing support for farmers.
Loan Extensions: The organization is extending loan terms, providing more flexibility and financial relief to agricultural producers.
See More
Village Farms International Reports Record Q4 2025 Earnings Driven by Cannabis Growth
- Significant Sales Growth: Village Farms International reported consolidated net sales of $49.6 million in Q4 2025, reflecting a 9% year-over-year increase, with Canadian cannabis sales reaching $52.7 million, up 10%, indicating strong market performance.
- Surge in International Exports: International cannabis export sales increased more than sixfold, driven by expanded operations in the Netherlands and advantages from EU-GMP certification, further solidifying the company's position as a leading EU-GMP certified cannabis operator globally.
- Improved Profitability: The company reported a net income of $2.3 million, reversing a loss of $5.7 million from the previous year, with earnings per share at $0.02, and adjusted EBITDA rising to $8.6 million, showcasing significant improvements in profitability and cash flow.
- Positive Future Outlook: Management anticipates sequential growth in international exports in 2026 and plans to begin shipping to multiple new jurisdictions in the coming months, indicating a continued commitment to expanding in the global cannabis market.
See More
Village Farms Reports Strong Q4 Earnings with Significant Growth
- Earnings Highlights: Village Farms reported a Q4 GAAP EPS of $0.01 with revenue of $49.6 million, reflecting a 9.3% year-over-year growth that indicates the company's stable growth and improved profitability in the market.
- Surge in International Sales: International export cannabis sales skyrocketed by 384% year-over-year, significantly boosting overall revenue and demonstrating the company's expansion potential and competitiveness in the global market.
- Net Income and Cash Flow: The Q4 net income from continuing operations was $2.3 million, translating to $0.02 per share, with adjusted EBITDA reaching $8.6 million and operating cash flow of $11.4 million, showcasing strong operational efficiency and financial health.
- Gross Margin Performance: Canadian cannabis operations achieved a gross margin of 43% in Q4, with adjusted EBITDA of $9.8 million, representing 25.8% of sales, which not only enhances profitability but also lays a solid foundation for future investments and expansion.
See More
