| Summary of Basic and Diluted Net Income (Loss) per Common Share |
Basic and diluted net income (loss) per common share is calculated as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator: |
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Net income attributable to Village Farms International, Inc. shareholders from continuing operations |
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$ |
7,145 |
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$ |
10,203 |
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$ |
10,062 |
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$ |
8,503 |
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Income from discontinued operations, net of tax |
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$ |
— |
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$ |
16,294 |
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$ |
— |
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$ |
11,291 |
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Denominator: |
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Weighted average number of common shares - basic |
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116,192 |
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112,347 |
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115,728 |
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112,342 |
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Effect of dilutive securities - share-based employee options and awards |
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8,529 |
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389 |
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10,096 |
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265 |
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Weighted average number of common shares - diluted |
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124,721 |
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112,736 |
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125,824 |
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112,607 |
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Antidilutive options and awards |
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14,308 |
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6,501 |
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12,741 |
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6,625 |
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Net income per common share: |
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Basic income per share attributable to Village Farms International, Inc. shareholders from: |
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Continuing operations |
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$ |
0.06 |
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$ |
0.09 |
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$ |
0.09 |
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$ |
0.08 |
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Discontinued operations |
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- |
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0.15 |
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- |
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0.10 |
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Basic income per share attributable to Village Farms International, Inc. shareholders |
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$ |
0.06 |
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$ |
0.24 |
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$ |
0.09 |
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$ |
0.18 |
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Diluted income per share attributable to Village Farms International, Inc. shareholders from: |
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Continuing operations |
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$ |
0.06 |
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$ |
0.10 |
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$ |
0.08 |
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$ |
0.08 |
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Discontinued operations |
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- |
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0.14 |
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- |
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0.10 |
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Diluted income per share attributable to Village Farms International, Inc. shareholders |
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$ |
0.06 |
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$ |
0.24 |
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$ |
0.08 |
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$ |
0.18 |
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