Record Revenue and Volume Growth
Fiscal 2025 was a defining year with record revenue of $1.39 billion, growing 13% from the prior year. Achieved a record 691 million pounds of avocados sold, driven by 7% volume growth.
Strong Performance in International Markets
Revenue in the United Kingdom grew by over 60% in 2025, contributing to a 40% increase in European volumes. Strong penetration in Europe and Asia further solidified international growth.
Successful International Farming Segment
Peruvian avocado production more than doubled, selling approximately 105 million pounds compared to 43 million pounds in the previous season.
Blueberry and Mango Business Growth
Blueberry volumes increased due to expanded acreage in Peru, and market share for mangoes grew to 5.2%, up 150 basis points from last year.
Improved Financial Performance
Adjusted EBITDA increased 12% to a record $41.4 million. Adjusted net income grew to $22.2 million, up from $19.6 million last year.
Strong Cash Flow and Reduced Debt
Generated $88.6 million in operating cash flow for the year. Reduced long-term debt by $18 million, and interest expense declined by $3.2 million.