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AGRO

Adecoagro S.A.

AGRO

Adecoagro S.A. • NYSE
$8.13 ▲ 0.99% (+0.08)
Market Cap $4.06 B
52w High $11.79
52w Low $7.42
Dividend Yield 0.35%
P/E 35.35
Volume 186.00K
Outstanding Shares 499.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $285.412M ▼ $47.91M ▼ $6.517M ▲ 2.283% ▲ $0.013 ▲ $95.944M ▲
Q2-2025 $382.08M ▲ $68.907M ▲ $-17.558M ▼ -4.595% ▼ $-0.036 ▼ $81.527M ▼
Q1-2025 $325.506M ▼ $49.379M ▲ $18.078M ▲ 5.554% ▲ $0.036 ▲ $83.542M ▲
Q4-2024 $374.22M ▼ $41.564M ▼ $16.417M ▼ 4.387% ▲ $0.032 ▼ $36.171M ▼
Q3-2024 $471.495M $88.541M $18.711M 3.968% $0.038 $107.799M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $365.462M ▲ $3.645B ▲ $2.208B ▲ $1.372B ▲
Q2-2025 $205.672M ▼ $3.278B ▼ $1.866B ▼ $1.372B ▼
Q1-2025 $238.97M ▲ $3.35B ▲ $1.891B ▲ $1.42B ▲
Q4-2024 $211.244M ▼ $3.115B ▼ $1.707B ▼ $1.369B ▼
Q3-2024 $213.606M $3.228B $1.792B $1.397B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.517M ▲ $9.774M ▼ $-122.901M ▼ $264.561M ▲ $159.391M ▲ $-24.359M ▼
Q2-2025 $-17.043M ▼ $130.107M ▲ $-23.826M ▲ $-105.457M ▼ $1.077M ▲ $73.839M ▲
Q1-2025 $18.707M ▲ $-19.07M ▼ $-98.898M ▼ $78.537M ▲ $-31.714M ▼ $-103.843M ▼
Q4-2024 $16.178M ▼ $163.464M ▲ $-84.51M ▼ $-63.685M ▼ $12.989M ▼ $105.752M ▲
Q3-2024 $18.711M $49.066M $-3.954M $-28.853M $57.944M $-713K

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown nicely over the last five years, showing that the business is expanding across its main product lines. However, profitability has been more volatile. Gross and operating margins have narrowed from earlier peaks, suggesting higher costs, some pricing pressure, or less favorable mix in recent periods. Net income moved from breakeven to consistently positive, but most recently it has slipped back from its high point, pointing to a business that is profitable but still very exposed to swings in agricultural prices, weather, and regional conditions.

Balance Sheet

Balance Sheet The balance sheet looks broadly solid and gradually stronger. Total assets have increased, and equity has been built up year after year, which points to value being retained in the business. Debt levels are meaningful but have started to edge down relative to the size of the company, so leverage risk appears to be easing rather than rising. Cash balances move around but are not unusually high, meaning there is some financial flexibility, but not an overly large liquidity cushion if conditions suddenly worsen.

Cash Flow

Cash Flow Operating cash flow has been consistently positive and has generally trended higher, which is a good sign that earnings are supported by real cash generation. The company invests heavily in its asset base every year, so capital spending is a significant and recurring use of cash. Even after that, free cash flow has stayed positive, although it fluctuates and recently came down from a very strong year. Overall, the cash profile suggests a business that can fund its operations and investments internally most of the time, but with limited room for big extra commitments without new capital or stronger years.

Competitive Edge

Competitive Edge Adecoagro operates as a diversified, low-cost agricultural producer in South America, which is one of the most competitive and fertile regions in the world. Its mix of crops, rice, dairy, sugar, ethanol, and energy helps cushion the impact of swings in any single commodity. Vertical integration—from farming through processing to branded products—strengthens control over quality, traceability, and costs, and creates multiple ways to capture value from the same raw materials. Its focus on sustainability and renewable energy has also become a real differentiator, appealing to customers, regulators, and investors who are increasingly sensitive to environmental practices. Against that, the company remains exposed to commodity cycles, currency swings, and political and regulatory risk in its core countries.

Innovation and R&D

Innovation and R&D Innovation at Adecoagro is less about traditional lab research and more about applying technology and process improvements across its operations. Precision agriculture, extensive data use, and automation aim to squeeze more output from the same land with fewer inputs. The company has also built a meaningful renewable energy platform by converting agricultural waste and effluents into power, turning cost items into revenue streams and strengthening its sustainability profile. Its ability to flex output between sugar and ethanol, and to create branded consumer products with full traceability, shows a focus on higher-value, more resilient niches rather than just bulk commodities. The new strategic backing from a technology-focused investor could accelerate further investment in sustainable infrastructure, digital tools, and potentially blockchain-based traceability, although these future benefits are still uncertain and depend on execution.

Summary

Adecoagro combines a growing top line with uneven but generally improving profitability, reflecting both its strengths in scale and efficiency and its exposure to volatile agricultural conditions. The balance sheet has steadily improved, with rising equity and slightly lighter leverage, while cash flows show a business that reliably generates cash but must continually reinvest to maintain and expand its asset base. Competitively, it stands out as a diversified, low-cost, vertically integrated player with strong sustainability credentials in an important food- and energy-producing region. Its emphasis on technology, renewable energy, and branded, traceable products provides avenues for differentiation and potential growth. The main watchpoints are margin pressure, commodity and weather volatility, regional political and currency risks, and the challenge of executing on an ambitious sustainability and innovation agenda without overextending its resources.

NEWS

November 11, 2025 · 5:30 PM UTC

Adecoagro S.A.:Adjusted EBITDA reached $115.1 million in 3Q25.

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October 23, 2025 · 5:00 PM UTC

Adecoagro announces declaration of cash dividends

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