Financials Village Farms International, Inc.

Equities

VFF

CA92707Y1088

Fishing & Farming

Market Closed - Nasdaq Other stock markets 04:00:00 2025-07-11 pm EDT			5-day change	1st Jan Change
1.360 ^USD	+4.62%		+7.09%	+76.39%

Jun. 20	Village Farms International, Inc. - Shareholder/Analyst Call
Jun. 09	Village Farms International Regains Nasdaq Compliance	MT

Projected Income Statement: Village Farms International, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	211.9	340.2	404.3	385.6	336.2	257	215.6	226.5
Change	-	60.53%	18.84%	-4.62%	-12.82%	-23.56%	-16.11%	5.06%
EBITDA ¹	9.234	17.79	-29.35	10.24	1.788	15.66	31.67	33.2
Change	-	92.61%	-265.02%	134.89%	-82.54%	776.09%	102.18%	4.83%
EBIT ¹	-6.922	-11.09	-61.65	-21.7	-23.65	-4.482	11.63	-
Change	-	-60.22%	-455.87%	64.8%	-8.96%	81.05%	359.51%	-
Interest Paid ¹	-2.562	-3.598	-4.467	-3.491	-2.451	-2.824	-2.824	-
Earnings before Tax (EBT) ¹	9.735	-15.67	-129.5	-36.95	-37.3	-5.374	7.536	-
Change	-	-260.94%	-726.86%	71.48%	-0.96%	85.59%	240.23%	-
Net income ¹	14.46	-11.52	-139.3	-42.93	-35.85	-8.535	6.603	-
Change	-	-179.68%	-1,108.74%	69.18%	16.5%	76.19%	177.36%	-
Announcement Date	3/16/21	3/1/22	3/9/23	3/13/24	3/13/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	63.03	56.38	59.01	63.63	88.45	90.16	92.41	91.12	106.5	95.62	95.65	86.43	104	95.69	100.2	107	92.18	83.37	82.55	77.07	78.4	50.03	51.41	51.4	53.1	53.5	53.9
Change	-	-10.56%	4.68%	7.82%	39.01%	1.93%	2.5%	-1.4%	16.84%	-10.19%	0.04%	-9.65%	20.32%	-7.98%	4.73%	6.72%	-13.81%	-9.56%	-0.98%	-6.64%	1.72%	-36.18%	2.75%	-0.02%	3.31%	0.75%	0.75%
EBITDA ¹	3.005	5.968	-0.6354	0.4906	1.944	8.444	6.727	-7.937	-13.24	-3.005	-4.067	0.6938	6.027	4.481	-0.8884	4.919	-3.559	5.302	-3.546	0.081	3.419	5.633	6.523	7	7.7	8.2	8.1
Change	-	98.6%	-110.65%	177.21%	296.32%	334.31%	-20.34%	-217.99%	-66.78%	77.3%	-35.34%	117.06%	768.71%	-25.64%	-119.82%	653.7%	-172.35%	248.97%	-166.88%	102.28%	4,120.56%	64.76%	15.8%	7.32%	10%	6.49%	-1.22%
EBIT ¹	-0.8109	3.36	-9.479	-9.588	-7.097	3.481	2.405	-10.46	-15.66	-12.68	-20.83	-6.824	-7.959	-1.653	-6.096	-1.197	-10.42	-0.832	-11.52	-5.439	-0.5117	1.466	1.921	-	-	-	-
Change	-	514.35%	-382.12%	-1.15%	25.98%	149.05%	-30.9%	-534.73%	-49.75%	19.05%	-64.31%	67.24%	-16.64%	79.23%	-268.7%	80.36%	-770.17%	92.01%	-1,285.1%	52.8%	90.59%	386.55%	31.02%	-	-	-	-
Charge d'intérêts ¹	-0.5772	-0.3935	-0.9756	-0.8955	-0.752	-0.773	-1.112	-0.8893	-0.8568	-1.321	-1.259	-1.514	-1.897	-1.363	-0.7	-0.711	-0.583	-0.555	-0.602	-0.706	-0.706	-0.706	-0.706	-	-	-	-
Earnings before Tax (EBT) ¹	-0.53	-0.5895	10.86	-11.2	-7.807	2.22	1.496	-10.8	-56.26	-16.57	-40.83	-8.128	-0.0566	-4.016	-24.75	-3.231	-23.3	-0.656	-10.99	-6.132	-1.218	0.7603	1.215	-	-	-	-
Change	-	-11.22%	1,941.84%	-203.13%	30.27%	128.44%	-32.6%	-821.54%	-421%	70.54%	-146.42%	80.09%	99.3%	-6,999.82%	-516.23%	86.94%	-620.98%	97.18%	-1,575.61%	44.21%	80.14%	162.44%	59.83%	-	-	-	-
Net income ¹	-0.1577	0.6812	8.743	-8.964	-5.677	0.9272	2.634	-8.485	-46.94	-11.77	-67.93	-8.87	-1.858	-1.788	-30.36	-3.907	-23.55	-0.82	-8.629	-6.703	-1.035	0.6463	1.033	-	-	-	-
Change	-	532%	1,183.49%	-202.53%	36.67%	116.33%	184.05%	-422.18%	-453.25%	74.93%	-477.29%	86.94%	79.05%	3.78%	-1,597.48%	87.13%	-502.77%	96.52%	-952.32%	22.32%	84.56%	162.44%	59.82%	-	-	-	-
Announcement Date	8/12/20	11/13/20	3/16/21	5/10/21	8/9/21	11/9/21	3/1/22	5/10/22	8/9/22	11/9/22	3/9/23	5/10/23	8/9/23	11/8/23	3/13/24	5/8/24	8/8/24	11/7/24	3/13/25	5/12/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Village Farms International, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	3/16/21	3/1/22	3/9/23	3/13/24	3/13/25	-	-	-

Estimates

Cash Flow Forecast: Village Farms International, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	4.26	27.49	19.68	6.518	10.24	11.5	12
Change	-	545.26%	-28.4%	-66.88%	57.12%	12.29%	4.35%
Free Cash Flow (FCF) ¹	2.815	-77.71	-47.07	-1.203	0.265	-5.7	10.9
Change	-	-2,860.93%	39.43%	97.44%	122.03%	-2,250.94%	291.23%
Announcement Date	3/16/21	3/1/22	3/9/23	3/13/24	3/13/25	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Village Farms International, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	4.36%	5.23%	-7.26%	2.66%	0.53%	6.1%	14.69%	14.66%
EBIT Margin (%)	-	-3.27%	-3.26%	-15.25%	-5.63%	-7.03%	-1.74%	5.39%	-
EBT Margin (%)	-	4.59%	-4.61%	-32.04%	-9.58%	-11.1%	-2.09%	3.5%	-
Net margin (%)	-	6.82%	-3.39%	-34.45%	-11.13%	-10.66%	-3.32%	3.06%	-
FCF margin (%)	-	1.33%	-22.84%	-11.64%	-0.31%	0.08%	-2.22%	5.06%	-
FCF / Net Income (%)	-	19.46%	674.34%	33.79%	2.8%	-0.74%	66.78%	165.08%	-
Profitability
ROA	-11.09%	-3.32%	-1.05%	-4.94%	-2.16%	-3.46%	-	-	-
ROE	2.2%	7%	-2.9%	-27.23%	-9.96%	-12.29%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	2.01%	8.08%	4.87%	1.69%	3.05%	4.47%	5.57%	-
CAPEX / EBITDA (%)	-	46.13%	154.55%	-67.06%	63.65%	572.76%	73.41%	37.89%	-
CAPEX / FCF (%)	-	151.35%	-35.37%	-41.81%	-541.81%	3,864.53%	-201.75%	110.09%	-
Items per share
Cash flow per share ¹	-	-	-0.4816	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EPS ¹	-	0.19	-0.11	-1.13	-0.29	-0.32	-0.07	0.055	0.14
Change	-	-	-157.89%	-927.27%	74.34%	-10.34%	78.12%	178.57%	154.55%
Nbr of stocks (in thousands)	-	66,060	88,117	90,853	110,239	112,337	112,337	112,337	112,337
Announcement Date	-	3/16/21	3/1/22	3/9/23	3/13/24	3/13/25	-	-	-