Village Farms Q4 sales up 11% to $82.6M; net loss narrows to $8.6M; non-cash impairment $10.5M

Village Farms International, Inc.

FY2024 revenue $336.2M (+18% YoY); Q4 revenue $82.6M (+11% YoY).
Q4 net loss $8.6M ($0.08/sh) vs $25.5M loss prior year; FY net loss $35.85M ($0.32/sh).
Canadian Cannabis gross margin impacted by $10.5M non-cash inventory impairment; ex-impairment margin 33%.
International sales up 113% YoY in Q4; expect to triple in 2025; Phase II expansion in Netherlands to quintuple capacity.
Fresh Produce sales $43.3M (+17%); net income $1.9M; full-year cash from operations $10.3M.

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