Adecoagro Earnings Reports

Adecoagro delivered a record crushing quarter and boosted ethanol production, leading to solid EBITDA and profitability despite lower commodity prices.

Adecoagro saw significant declines in Adjusted EBITDA and Adjusted Net Income due to lower global commodity prices and increased costs. Despite maintaining steady revenues, all segments—especially Crops and Rice—underperformed compared to last year.

Adecoagro reported a significant decrease in Adjusted EBITDA for Q1 2025, down 60.1% year-over-year to $35.9 million. This decline was primarily due to a mark-to-market loss in biological assets in the Sugar, Ethanol & Energy business, lower crushing volume, and reduced Rice prices compared to record levels in Q1 2024. Despite these challenges, the Dairy business showed outperformance, and overall gross sales increased by 27.5% due to higher ethanol volumes sold.

Adecoagro reported a 7.9% year-over-year decrease in revenue for Q4 2024, reaching $368.38 million. Adjusted net income turned positive at $45.90 million, compared to a loss of $16.40 million in the previous year. Adjusted EBITDA increased by 7.8% to $103.25 million, driven by record production in the Sugar, Ethanol & Energy segment, though results were offset by lower sales in Crops and Rice segments.