Business
Mission Produce® Announces Fiscal 2025 Fourth Quarter and Full Year Financial Results
Achieved record full year revenue of $1.39 billion, an increase of 13% year-over-year, driven by strong execution in Marketing & Distribution and
About this update from Mission Produce, Inc.
[{"type":"text","content":"Achieved record full year revenue of $1.39 billion, an increase of 13% year-over-year, driven by strong execution in Marketing & Distribution and significantly higher yields from owned Peruvian orchards in International Farming Generated nearly $180 million in cash flow from operations over the past two years; capital expenditures expected to step down to approximately $40 million in FY26 as Company enters phase of accelerated free cash flow generation Announced leadership succession plan in conjunction with today’s earnings release; Founder & CEO Steve Barnard to transition to Executive Chairman as John Pawlowski assumes CEO role at Annual Meeting in April 2026 OXNARD, Calif., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Mission Produce, Inc. (NASDAQ: AVO) (“Mission” or “the Company”) a world leader in sourcing, producing, and distributing fresh Hass avocados, today reported its financial results for the fiscal fourth quarter ended October 31, 2025. Fiscal Fourth Quarter 2025 Financial Overview: Total revenue of $319.0 million and achieved volume growth of 13% versus the same period last yearNet income attributable to Mission Produce of $16.0 million, or $0.22 per diluted share, compared to $17.3 million, or $0.24 per diluted share, for the same period last yearAdjusted net income increased 13% to $22.2 million, or $0.31 per diluted share, compared to $19.6 million, or $0.28 per diluted share, for the same period last yearAdjusted EBITDA increased 12% to $41.4 million, compared to $36.9 million in the same period last year Full Year 2025 Financial Overview: Total revenue of $1.39 billion and achieved volume growth of 7% versus last yearNet income attributable to Mission Produce increased 3% to $37.7 million, or $0.53 per diluted share, compared to $36.7 million or $0.52 per diluted share last yearAdjusted net income increased 6% to $56.2 million, or $0.79 per diluted share, compared to $52.8 million or $0.74 per diluted share last yearAdjusted EBITDA increased 3% to $110.8 million compared to $107.8 million last yearOwned exportable avocado production volume sold increased approximately 144% to 105 million pounds for the 2025 harvest season; volume was positively impacted by a return to normal growing conditions following a period of challenging weather-related events in the prior yearCash flow from operations of $88.6 million compared to...