Overview

* Village Farms ( VFF ) Q3 net sales rise 21% to $66.7 mln, beating analyst expectations

* Adjusted EBITDA for Q3 beats estimates, reaching $20.2 mln

* Company announces $10 mln share repurchase program, reflecting confidence in financial position

Outlook

* Company expects Dutch facility expansion to be operational in Q1 2026

* Village Farms anticipates entering new international markets in H1 2026

* Company sees capacity expansion in Canada supporting growth through 2026

Result Drivers

* CANADIAN CANNABIS - Record net sales and gross margin driven by higher-margin SKUs and international export sales

* INTERNATIONAL EXPORTS - 758% increase in international cannabis sales, driven by demand in Germany

* NETHERLANDS EXPANSION - Drachten facility at full capacity, supporting sales growth and profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $66.70 $57.95

mln mln (3

Analysts

)

Q3 Beat $20.20 $9.52

Adjusted mln mln (3

EBITDA Analysts

)

Q3 $24.40

Operatin mln

g Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* Wall Street's median 12-month price target for Village Farms International Inc ( VFF ) is $3.50, about 15.4% above its November 7 closing price of $2.96

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 41 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)