Village Farms International Shares Rise Following 2Q Beat

Dow Jones

2025/08/11

By Connor Hart

Shares of Village Farms International rose after the company swung to a surprise profit and logged higher-than-expected sales in the second quarter.

The stock jumped 32%, to $2.27, in early trading Monday. Shares have more than doubled in the past year.

The Vancouver-based company posted net income attributable to shareholders of $26.5 million, or 24 cents a share. That's compared with a loss of $23.5 million, or 21 cents a share, a year earlier.

Analysts polled by FactSet had expected a quarterly loss of one cent a share.

Sales climbed 12% to $59.9 million and topped the $56.4 million that Wall Street modeled.

Canadian cannabis sales--the company's largest business unit--grew to $44.5 million from $40.7 million. The company entered the Netherlands' cannabis market this year.

"We believe the trends observed in our business during the second quarter are sustainable, and that our capacity expansion projects in Canada and the Netherlands position us for continued profitable growth in 2026 and beyond," Chief Executive Michael DeGiglio said.

Village Farm said its second-quarter results reflect the company's previously disclosed plan to privatize certain assets and operations of its produce segment through the formation of a new entity, backed by private investment firms.

Continuing sales from its produce segment increased to $8.6 million from $8.4 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

August 11, 2025 10:01 ET (14:01 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares have more than doubled in the past year. \n</p>\n<p>\n  The Vancouver-based company posted net income attributable to shareholders of $26.5 million, or 24 cents a share. That's compared with a loss of $23.5 million, or 21 cents a share, a year earlier. \n</p>\n<p>\n  Analysts polled by FactSet had expected a quarterly loss of one cent a share. \n</p>\n<p>\n  Sales climbed 12% to $59.9 million and topped the $56.4 million that Wall Street modeled. \n</p>\n<p>\n  Canadian cannabis sales--the company's largest business unit--grew to $44.5 million from $40.7 million. 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Shares have more than doubled in the past year. \n\n\n  The Vancouver-based company posted net income attributable to shareholders of $26.5 million, or 24 cents a share. That's compared with a loss of $23.5 million, or 21 cents a share, a year earlier. \n\n\n  Analysts polled by FactSet had expected a quarterly loss of one cent a share. \n\n\n  Sales climbed 12% to $59.9 million and topped the $56.4 million that Wall Street modeled. \n\n\n  Canadian cannabis sales--the company's largest business unit--grew to $44.5 million from $40.7 million. 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