Village Farms International (VFF) reported its Q1 2026 earnings, meeting EPS expectations with $0.02 per share and surpassing revenue forecasts with $50.24 million in sales.
The company's stock rose 3.89% in pre-market trading. Despite achieving positive net income for the fourth consecutive quarter, the company faced negative cash flow due to tax payments.
Consolidated net sales grew 27% year-over-year. The cannabis segment continued to drive growth, with international export sales reaching record levels. Adjusted EBITDA increased 118% year-over-year.
Bond.az data shows the company holds more cash than debt and maintains a strong current ratio of 2.64, indicating solid financial health.
CEO Michael DeGiglio stated: "Our strong first-quarter results underscore the success of our strategic initiatives in the cannabis sector and international markets. We remain focused on driving profitability and shareholder value."
