Filing Flows › Village Farms International (VFF) › Q2 2025
Village Farms International (VFF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Village Farms International (VFF) reported revenue of $59.9M for the second quarter 2025 (Q2 2025), +12% from a year earlier and -22% from the quarter before. Operating margin was 11.6%, net earnings $26.5M (44.2% of revenue).
Village Farms International, Q2 2025: revenue $59.9M (+12% year over year), operating margin 11.6%, net earnings $26.5M, operating cash flow $26.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.9M | -22% | +12% |
| Gross profit | $22.3M | +97% | +64% |
| Operating profit | $6.9M | — | — |
| Net earnings | $26.5M | — | — |
| Operating cash flow | $26.0M | — | +357% |
| Free cash flow | $23.3M | — | +381% |
What changed
Revenue was $59.9M in Q2 2025, up 12% year over year and down 22% from the previous quarter.
Gross margin was 37.3%, up 11.9 points from a year earlier. Operating profit was $6.9M, a 11.6% margin (up 55.0 points year over year). Operating expenses fell 58% while revenue rose 12%. Net earnings were $26.5M ($26.2M including minority interests, which bore $258K of losses). The effective tax rate was 8.7%. Non-operating items added $21.8M, 76% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26.0M (up 357% year over year), 99% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization and $123K of share-based compensation. Working capital and other items used $3.8M. Capital expenditures of $2.8M left free cash flow of $23.3M.
Questions
What was Village Farms International's revenue in the second quarter 2025?
Village Farms International (VFF) reported revenue of $59.9M for the second quarter 2025 (Q2 2025), +12% from a year earlier and -22% from the quarter before.
Was Village Farms International profitable in the second quarter 2025?
Operating profit was $6.9M (11.6% of revenue) and net earnings $26.5M.