Mission Produce reported a total revenue of $319.0 million for the fiscal fourth quarter of 2025, a 10% decrease compared to the same period last year. Despite the revenue decline, the company saw a 13% increase in adjusted net income to $22.2 million and a 12% increase in adjusted EBITDA to $41.4 million. The decrease in revenue was primarily driven by lower per-unit avocado sales prices, partially offset by a 13% increase in avocado volume sold.
Total revenue for Q4 2025 decreased by 10% to $319.0 million compared to the prior year, primarily due to lower per-unit avocado sales prices.
Adjusted net income for Q4 2025 increased by 13% to $22.2 million, or $0.31 per diluted share.
Adjusted EBITDA for Q4 2025 increased by 12% to $41.4 million, driven by increased owned avocado production and higher avocado volume sold.
Avocado volume sold increased by 13% in Q4 2025, reaching 181.5 million pounds.
For the first quarter of fiscal year 2026, Mission Produce anticipates an increase in avocado industry volumes and lower pricing, with continued profitability challenges in blueberries due to higher costs and lower projected yields.
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