Mission Produce Inc. has announced its financial results for the fiscal second quarter ending April 30, 2025. The company reported a record second quarter revenue of $380.3 million, marking a 28% increase compared to the same period last year. Despite the revenue growth, net income decreased to $3.1 million, or $0.04 per diluted share, from $7.0 million, or $0.10 per diluted share, in the prior year period. Meanwhile, the adjusted net income was $8.7 million, or $0.12 per diluted share, down from $9.8 million, or $0.14 per diluted share, year-over-year. Adjusted EBITDA also saw a slight decline, recorded at $19.1 million compared to $20.2 million in the same period the previous year. Mission Produce repurchased $5.2 million of its common stock during the quarter, reflecting strategic financial maneuvers. CEO Steve Barnard highlighted the company's success in navigating seasonal supply challenges and maintaining elevated market pricing, which surpassed expectations. The company also made notable progress in its strategic priorities, particularly in its mango business, which gained significant market share and achieved record volumes. Additionally, Mission's operations in the United Kingdom are reportedly gaining momentum. Looking ahead to the second half of the fiscal year, Mission Produce is optimistic about generating solid cash flow, leveraging increased Peruvian supply to meet market demand.