Loading...
•
Dec 31, 2024
Adecoagro Q4 2024 Earnings Report
Adecoagro reported a decline in revenue and net income, while Adjusted EBITDA showed growth in Q4 2024.
Key Takeaways
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.
Revenue declined 7.9% year-over-year to $368.38 million due to lower sugar and ethanol prices.
Adjusted net income turned positive at $45.90 million, a major improvement from last year’s loss.
Adjusted EBITDA increased by 7.8% to $103.25 million, driven by strong Sugar, Ethanol & Energy performance.
Free cash flow from operations decreased 8.5% year-over-year to $160.88 million.
Adecoagro
Adecoagro
Adecoagro Revenue by Segment
Revenue by Segment
Sugar, Ethanol & Energy Revenue
CapyFin.comFarming Revenue
CapyFin.com Forward Guidance
Adecoagro expects a moderate increase in sugar and ethanol production, with a continued focus on cost control and operational efficiency.
Positive Outlook
- Ethanol prices expected to increase due to tight supply-demand conditions.
- Sugar production mix optimized to capture premium prices.
- Dairy segment expected to see increased domestic market demand.
- Expansion Capex investment to drive long-term growth.
- Operational efficiencies expected to enhance margins.
Challenges Ahead
- Lower productivity in early 2025 due to weaker crop yields.
- Corn and soybean prices remain under pressure from high global supply.
- Continued cost pressures due to inflation and FX fluctuations.
- Increased competition in the domestic dairy market.
- Potential downside risks from global commodity price volatility.
Revenue & Expenses
Visualization of income flow from segment revenue to net income