NYSE · Financial Statements

Adecoagro S.A. (AGRO) Financial Statements

$10.12 NYSE: AGRO Market Cap $5.71B

Adecoagro S.A. most recently reported annual revenue of $1.4B, a net loss of $8.0M. Revenue grew at an average annual rate of 11.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Adecoagro S.A.: Revenue rose from $869.0M in 2016 to $1.4B in 2025, a change of +64.3% over 9 years; net profit was positive in 6 of 10 reported years; operating margin moved from 19.6% to 4.7%, a shift of -15.0 percentage points; the most recent year shows a net loss of $8.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$869.0M$933.0M$793.0M$887.0M$818.0M$1.1B$1.3B$1.3B$1.5B$1.4B
Operating Expenses$699.0M$808.0M$637.0M$766.0M$629.0M$846.0M$1.1B$1.1B$1.3B$1.4B
Operating Profit$171.0M$125.0M$156.0M$121.0M$189.0M$278.0M$250.0M$242.0M$182.0M$66.0M
Operating Margin19.6%13.4%19.7%13.7%23.1%24.7%18.5%18.6%12.0%4.7%
Other Income$-136.0M$-116.0M$-181.0M$-100.0M$-176.0M$-103.0M$-114.0M$64.0M$-147.0M$-73.0M
Interest$53.0M$68.0M$58.0M$74.0M$76.0M$83.0M$81.0M$53.0M$74.0M$111.0M
Depreciation$128.0M$151.0M$154.0M$220.0M$183.0M$187.0M$254.0M$274.0M$304.0M$271.0M
Profit Before Tax$13.0M$6.0M$-24.0M$21.0M$13.0M$175.0M$135.0M$305.0M$35.0M$-7.0M
Tax$71.5M$-106.8M$4.2M$98.4M$92.0M$25.1M$19.8M$25.8M$-162.5M$2.5M
Net Profit$2.0M$10.0M$-25.0M$-1.0M$0$131.0M$108.0M$226.0M$92.0M$-8.0M
EPS$0.02$0.02$-0.04$0.00$0.00$0.23$0.20$0.42$0.18$-0.02
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$386.0M$264.0M$262.0M$411.0M$471.0M$374.0M$326.0M$382.0M$304.0M$416.0M$399.0M$531.0M
Operating Expenses$318.0M$225.0M$222.0M$346.0M$442.0M$327.0M$322.0M$376.0M$247.0M$403.0M$371.0M$439.0M
Operating Profit$68.0M$38.0M$40.0M$65.0M$30.0M$48.0M$4.0M$6.0M$57.0M$13.0M$28.0M$92.0M
Operating Margin17.7%14.6%15.2%15.9%6.3%12.7%1.1%1.5%18.7%3.0%7.0%17.3%
Interest$26.0M$11.0M$20.0M$86.0M$3.0M$0$21.0M$23.0M$50.0M$40.0M$37.0M$51.0M
Profit Before Tax$89.0M$109.0M$60.0M$-48.0M$23.0M$-1.0M$15.0M$-16.0M$6.0M$-13.0M$72.0M$35.0M
Tax$15.3M$24.6M$21.4M$120.7M$19.5M$2.0B$-20.9M$-8.2M$-990,000$-14.0M$39.0M$27.2M
Net Profit$75.0M$83.0M$47.0M$10.0M$19.0M$16.0M$18.0M$-18.0M$7.0M$-15.0M$40.0M$18.0M
EPS$0.14$0.15$0.09$0.02$0.04$0.03$0.04$-0.04$0.01$-0.03$0.06$0.03

Over the 10 years reported for Adecoagro S.A., borrowings increased from $635.0M in 2016 to $1.9B in 2025, cash stood at $383.0M in the latest year, shareholders' equity was $222.0M, current assets covered current liabilities 1.38 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.5B$1.6B$2.3B$2.5B$2.5B$2.6B$3.1B$3.2B$3.1B$5.2B
Current Assets$568.0M$689.0M$661.0M$649.0M$767.0M$762.0M$1.0B$1.1B$1.0B$1.4B
Cash$159.0M$269.0M$274.0M$290.0M$336.0M$200.0M$231.0M$340.0M$211.0M$383.0M
Inventory$249.0M$266.0M$222.0M$230.0M$284.0M$434.0M$553.0M$460.0M$540.0M$625.0M
Receivables$128.0M$102.0M$73.0M$66.0M$117.0M$117.0M$134.0M$129.0M$159.0M$299.0M
Fixed Assets$803.0M$821.0M$1.5B$1.7B$1.6B$1.7B$2.0B$2.0B$1.9B$3.4B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$17.0M$21.0M$77.0M$77.0M$83.0M$48.0M$150.0M$60.0M$42.0M$119.0M
Other Assets$13.0M$12.0M$21.0M$20.0M$14.0M$17.0M$19.0M$14.0M$20.0M$228.0M
Total Liabilities$784.0M$962.0M$1.2B$1.5B$1.5B$1.5B$1.9B$1.9B$1.7B$3.5B
Current Liabilities$332.0M$282.0M$278.0M$364.0M$359.0M$357.0M$611.0M$494.0M$400.0M$1.0B
Borrowings$635.0M$818.0M$862.0M$1.2B$1.2B$1.1B$1.3B$1.3B$1.1B$1.9B
Other Liabilities$149.0M$144.0M$307.0M$308.0M$352.0M$470.0M$599.0M$616.0M$585.0M$1.5B
Equity$184.0M$184.0M$184.0M$184.0M$184.0M$184.0M$167.0M$167.0M$167.0M$222.0M
Reserves$664.0M$640.0M$1.1B$988.0M$925.0M$1.0B$1.1B$1.2B$1.4B$1.7B

For Adecoagro S.A., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $21.0M; free cash flow was positive in 10 of 10 years; financing activities used $114.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$255.0M$237.0M$219.0M$322.0M$257.0M$349.0M$370.0M$435.0M$328.0M$285.0M
Investing Cash Flow$-257.0M$-391.0M$-391.0M$-516.0M$-299.0M$-388.0M$-529.0M$-355.0M$-495.0M$-1.2B
Financing Cash Flow$-57.0M$-97.0M$-70.0M$-58.0M$-69.0M$-118.0M$-80.0M$-82.0M$-91.0M$-114.0M
Net Cash Flow$-40.0M$111.0M$4.0M$17.0M$46.0M$-137.0M$31.0M$109.0M$-129.0M$172.0M
Free Cash Flow$120.0M$35.0M$2.0M$56.0M$80.0M$136.0M$140.0M$191.0M$65.0M$21.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.13
EV / EBITDA13.95
FCF Yield0.78%
Quick Ratio0.89
Interest Coverage1.07
Return 1Y44.44%
Return 3Y8.23%
Return 5Y53.24%

Adecoagro S.A. (AGRO) financials — frequently asked questions

What is Adecoagro S.A.'s annual revenue?

Adecoagro S.A. (AGRO) reported annual revenue of $1.4B in its most recent fiscal year.

What is Adecoagro S.A.'s net profit?

Adecoagro S.A. (AGRO) reported a net loss of $8.0M in its most recent fiscal year.

What is AGRO EV/EBITDA?

Adecoagro S.A.'s enterprise value to EBITDA (EV/EBITDA) ratio is 13.95.

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