Mission Produce Q1 revenue up 29% to $334M; adjusted EBITDA down 8% to $17.7M

Mission Produce, Inc.

2025-Q1 EPS reported $0.05 revenue$334,200,000

Revenue $334.2M (+29% YoY); net income $3.9M ($0.05 diluted EPS) vs breakeven; adjusted net income $7.1M ($0.10 diluted EPS).
Adjusted EBITDA $17.7M (-8% YoY) as per-unit avocado margins fell on higher fruit costs; Marketing & Distribution segment EBITDA down to $9.7M.
Blueberries segment net sales +12% to $36.4M, but adjusted EBITDA -29% to $6.2M on lower selling prices; International Farming turned positive to $1.8M.
Cash $40.1M at Jan 31; Q1 capex $14.8M; FY2025 capex guidance reaffirmed at $50-55M.
Outlook: Q2 avocado pricing expected ~5% higher YoY; blueberry volumes +35-40%; tariff impact excluded from assumptions.

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