Village Farms (VFF) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, March 12, 2026 astatine 9:34 AM CDT 27 min read

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March 12, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Mike DeGiglio

• Chief Financial Officer — Steve Ruffini

• Chief Operating Officer — Gilan Lefever

• Senior Vice President, Corporate Affairs — Sam Gibbons

Mike DeGiglio: Thank you, Liz. Good morning, everyone, and convey you for joining us. With maine contiguous are Steve Ruffini, our Chief Financial Officer; and Gilan Lefever, our Chief Operating Officer; and Sam Gibbons, our Senior Vice President of Corporate Affairs. So I'm precise excited to study our 2025 results, and I'll statesman with a reappraisal of highlights for the afloat twelvemonth and the 4th quarter. Then I'll crook the telephone implicit to Steve for a reappraisal of the financials earlier immoderate past closing remarks. Our 4th fourth results again delivered beardown profitability, gross borderline and currency travel from operations, which contributed to grounds levels of show for each of these metrics successful fiscal twelvemonth 2025.

It was besides a twelvemonth that reflected the accumulation of galore years of hard enactment and semipermanent strategical readying that has prepared america to capitalize connected galore of the catalysts that are present unlocking worth for our stakeholders. Not lone did we present grounds profitability and currency travel procreation successful 2025, but we did truthful with measurement relation maturation crossed respective cardinal metrics compared to 2024. We grew our planetary cannabis income by 17% year-over-year with conscionable a partial twelvemonth of contributions from outstanding Netherlands concern and planetary export income accrued much than sixfold arsenic we proceed to payment from our enactment presumption arsenic 1 of the world's largest EU GMP-certified cannabis operators.

This resulted successful consolidated and grounds consolidated performance, including nett income from continuing operations of $21 cardinal oregon $0.19 per share. a $49 cardinal betterment compared to the anterior year. Adjusted EBITDA from continuing operations of $50 million, different betterment of $48 million. and currency travel from continuing operations of $58 million, an betterment of $44 cardinal compared to 2024. Our afloat twelvemonth show is simply a effect of coagulated execution against our semipermanent program and a strategy focused connected improving borderline performance, profitability and currency procreation to alteration further maturation investments crossed our platform. Those of you who travel america the longest cognize that we started with a crawl-walk-run attack to scaling retired of cannabis business.

And that's ever been our presumption that we don't request to beryllium first-mover vantage to physique durable, defensible concern models successful our plant-based user goods. But what we bash request is vision, patience, subject and excellence successful plus improvement operations and commercialized activities, coupled with world-class radical susceptible of starring america forward. We judge we demonstrated each of these qualities since we expanded the cannabis successful 2018 and peculiarly successful 2025. Since 2018, we've taken a methodical attack to scaling our capableness and capabilities successful Canada, including aboriginal designation of the imaginable powerfulness of EU GMP certification which we began pursuing astir 6 years ago.