Village Farms International Income Statement 2025-2011 | VFF

Brief overview of revenue and earnings at Village Farms International

The comparison covers a five-year financial horizon. Revenue reported by Village Farms International was $170 million at the beginning of the period and $216 million at the end. Across the full period, sales moved by +27%; the average annual rate was 4.9%. Revenue was effectively stagnant over the period.

Gross profit changed from 11 million dollars to 87.7 million dollars (+700%). Direct costs grew more slowly than revenue and improved the economics of sales. Comparing the endpoints gives gross margins of 6.4% and 40.6%. The expansion indicates stronger pricing power or better control of direct costs.

The operating result measured by EBITDA moved from $6.8 million to $16.4 million, or +140%. The operating result outpaced sales and points to improving efficiency. The EBITDA share of revenue changed from 4% to 7.6%. The business generated more EBITDA from each unit of revenue.

Net income changed from 11.6 million dollars to 32.4 million dollars (+179.5%). The period finished with its strongest net-income result.

The market value of the business moved from 692 million dollars to 346 million dollars, or −50.1%. The market is not yet fully reflecting the fundamental progress.

Summary assessment

The five-year picture requires weighing both strengths and weaknesses. Key strengths include a stronger final result, a stronger gross margin and positive operating leverage. The overall view is constrained by limited revenue growth and a weaker market valuation. The key question is whether sales can be converted into sustainable profit.