Village Farms International posted $215.9 million in revenue for fiscal 2025, down nearly 36% year-over-year, yet generated $32.4 million in net income compared to a loss the previous year [F1]. This turnaround is attributable to tighter cost controls and operational efficiencies across its vertically integrated cannabis businesses and premium greenhouse produce segment. Capital structure improvements and a strong liquidity buffer underpin the company’s strategic flexibility as regulatory complexity persists across multiple jurisdictions [N1][S4][S5].