AGRONYSEAgricultural Production-CropsUS GAAP · USD

Adecoagro S.A.

Adecoagro S.A. is a Luxembourg-incorporated agricultural and agro-industrial holding company with operating subsidiaries across South America. Its business combines farmland-based crop production with sugar, ethanol and energy operations, plus fertilizers and food and agriculture activities.

Kysy yhtiöstä
Liikevaihto1 519milj. USD
+16,9 %v/v
Liikevoitto (EBIT)109milj. USD
−71,2 %v/v
EBIT-marginaali7,2%
−21,9 %-yks.v/v
Nettotulos92,3milj. USD
−59,2 %v/v
Vapaa kassavirta65,0milj. USD
−66,1 %v/v

Tilikausi 2024 · muutos edellisvuodesta

Kehitys 2021–2024

05001 0001 5002 000milj. USD2021: 1 124 milj. USD2021: EBIT 257 milj. USD20212022: 1 348 milj. USD2022: EBIT 217 milj. USD20222023: 1 299 milj. USD2023: EBIT 378 milj. USD20232024: 1 519 milj. USD2024: EBIT 109 milj. USD202412 kk 2025: 1 386 milj. USD12 kk 2025: EBIT 67 milj. USD12 kk1 38667
LiikevaihtoLiikevoitto (EBIT)12 kk = viimeiset 12 kuukautta, ei kokonainen tilikausi

Liiketoiminta

Osuus liikevaihdosta
Sugar, Ethanol and Energy45 %

Sugarcane-based industrial operations producing sugar, ethanol and electricity.

Fertilizers25 %

Industrial fertilizer production and sales through the Profertil business.

Food and Agriculture25 %

Crop production and related agricultural activities across owned farmland.

Other and Corporate5 %

Residual activities, intercompany eliminations and corporate items.

Asiakkaat

Adecoagro sells into industrial, agricultural and energy markets rather than directly to households. Its customer base includes buyers of agricultural commodities, fuel and power, fertilizer distributors and end users, with demand tied to crop cycles, commodity prices and regional energy needs. The business also relies on counterparties in the physical commodities and local market infrastructure around Argentina, Brazil and Uruguay.

Sugar and ethanol buyers

Buy processed sugar and fuel ethanol for industrial, food and fuel uses.

Electricity counterparties

Buy renewable power generated from the sugar and energy platform.

Fertilizer customers

Purchase fertilizers for crop nutrition and agricultural productivity.

Agricultural commodity buyers

Buy crops and other food and agriculture output from owned farmland.

Strategia

Adecoagro’s strategy centers on building an integrated South American agro-industrial platform that combines farming, processing and energy generation. The company emphasizes diversification across crops, sugarcane, fertilizers and renewable electricity, while using scale and operational discipline to improve resilience through commodity cycles.

Diversify earnings across businessesKeskipitkä aikaväli

Broader exposure reduces reliance on one commodity or crop cycle.

Increase industrial scale and capacityKeskipitkä aikaväli

Larger processing capacity improves operating leverage and market reach.

Maintain prudent leverageLyhyt aikaväli

Lower leverage preserves flexibility in a cyclical commodity business.

Maantiede

Adecoagro’s operating base is concentrated in South America, with farmland and industrial facilities in Argentina, Brazil and Uruguay. The company’s production footprint in these countries ties revenue to regional harvest conditions, local logistics, currency movements and domestic commodity markets. Although the parent company is based in Luxembourg and listed in New York, the economic exposure is overwhelmingly South American.

Riskit

Adecoagro is exposed to weather, crop yields, commodity price swings and regional political or regulatory changes because its revenue comes from agricultural production and processing in South America. The fertilizer and energy businesses add diversification, but they also bring exposure to input prices, power-market conditions, foreign exchange and integration risk from acquisitions.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Commodity price volatility1Weather and agronomic risk2Country and FX risk3Acquisition and integration risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Commodity price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Sugar, ethanol, crops and fertilizers all depend on market prices.

    Kohdistuu: Industrial and agricultural revenue

  2. Weather and agronomic riskVaikutus: KorkeaTodennäköisyys: Korkea

    Harvest volumes and biological assets depend on rainfall and crop conditions.

    Kohdistuu: Sugarcane and crop production

  3. Country and FX riskVaikutus: KorkeaTodennäköisyys: Korkea

    Operations are in South America while reporting is in U.S. dollars.

    KohdistuuArgentinaBrazilUruguay
  4. Acquisition and integration riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    New businesses must be integrated into an agricultural platform.

    Kohdistuu: Profertil and other acquisitions

Kirjanpito

Harkinnanvaraiset erät
Biological assets fair value

Sugarcane and crop inventories are marked using market and yield assumptions.

Vaikutus: Can create large non-cash gains or losses period to period

Goodwill impairment

Acquisitions such as Profertil create goodwill that must be tested for recoverability.

Vaikutus: Potential impairment charges if expected synergies underperform

Acquisition valuation

Purchase accounting requires fair value estimates for assets and liabilities acquired.

Vaikutus: Can change goodwill, depreciation and future earnings

Derivative accounting

Interest-rate and FX swaps are used to manage financing exposure.

Vaikutus: Can create gains or losses in finance results

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.9.2026