Village Farms International, Inc. Earnings Per Share Disclosure
16. INCOME (LOSS) PER SHARE
Basic net income (loss) per share is computed using the weighted average number of Common Shares outstanding for the period. Basic and diluted net income (loss) per ordinary share is calculated as follows:
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For the Years Ended December 31, |
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(shares in thousands) |
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2025 |
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2024 |
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2023 |
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Numerator: |
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Net income (loss) attributable to Village Farms International, Inc. shareholders from continuing operations |
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$ |
21,324 |
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|
$ |
(28,149 |
) |
|
$ |
(33,055 |
) |
Income (loss) from discontinued operations, net of tax |
|
$ |
11,117 |
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|
$ |
(7,702 |
) |
|
$ |
(1,743 |
) |
Denominator: |
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Weighted average number of common shares – basic |
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113,283 |
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|
111,370 |
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|
108,728 |
|
Effect of dilutive securities – share-based employee options and awards |
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|
5,262 |
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|
— |
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— |
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Weighted average number of common shares – diluted |
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118,545 |
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|
111,370 |
|
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|
108,728 |
|
Anti-dilutive options, warrants, and awards (1) |
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19,280 |
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|
8,052 |
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|
|
8,456 |
|
Net income (loss) per ordinary share: |
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Basic income (loss) per share attributable to Village Farms International, Inc. shareholders from: |
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Continuing operations |
|
$ |
0.19 |
|
|
$ |
(0.25 |
) |
|
$ |
(0.30 |
) |
Discontinued operations |
|
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0.10 |
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(0.07 |
) |
|
|
(0.02 |
) |
Basic income (loss) per share attributable to Village Farms International, Inc. shareholders |
|
$ |
0.29 |
|
|
$ |
(0.32 |
) |
|
$ |
(0.32 |
) |
Diluted income (loss) per share attributable to Village Farms International, Inc. shareholders from: |
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Continuing operations |
|
$ |
0.18 |
|
|
$ |
(0.25 |
) |
|
$ |
(0.30 |
) |
Discontinued operations |
|
|
0.09 |
|
|
|
(0.07 |
) |
|
|
(0.02 |
) |
Diluted income (loss) per share attributable to Village Farms International, Inc. shareholders |
|
$ |
0.27 |
|
|
$ |
(0.32 |
) |
|
$ |
(0.32 |
) |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 13, 2025 | |
| 2023 | Mar 13, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.