Key Takeaways
- ADAMA expects full-year 2025 revenues to decline by approximately 1% to 4% year over year.
- The company anticipates a return to positive adjusted net profit, compared with a significant loss in 2024.
- Adjusted EBITDA and margins are expected to improve due to operational efficiency gains and lower inventory costs.
- Reported net loss is forecast to narrow substantially versus the prior year.
- Final audited results are expected to be released on March 26, 2026.
ADAMA Reports Progress Under ‘Fight Forward’ Transformation Plan
ADAMA Ltd. (SZSE: 000553) has released a preliminary estimate of its financial performance for the full year of 2025, highlighting continued progress under its ‘Fight Forward’ strategic transformation plan. According to the company, key financial indicators improved compared with 2024, including a shift to positive adjusted net profit and a significantly reduced reported net loss.
The estimates are unaudited and subject to final review, though ADAMA stated that it has held preliminary discussions with its external auditor without identifying material disagreements.
Revenue Trends Reflect Market and Portfolio Adjustments
Sales Performance in a Challenging Market Environment
For the full year of 2025, ADAMA expects revenues to decline by approximately 1% to 4% in U.S. dollar terms compared with 2024. The company attributed the decrease primarily to lower selling prices, portfolio optimization decisions, and reduced exposure to certain basic chemical products.
Additional factors impacting revenue included weak active ingredient pricing due to global overcapacity, high interest rates, and low commodity prices affecting distributors and farmers. ADAMA also cited significant revenue declines in Turkey during the first quarter of 2025 as a contributing factor.
Profitability Improves Despite Lower Prices
Adjusted EBITDA and Adjusted Net Profit
ADAMA expects adjusted EBITDA and its margin to increase year over year, driven by higher gross profit and improved gross margins. These improvements were largely attributed to lower costs of inventory sold and enhanced operational efficiency, which more than offset the impact of pricing pressure.
The company forecasts adjusted net profit in the range of USD 4 million to USD 54 million for full-year 2025, compared with an adjusted net loss of USD 206 million in 2024. Earnings per share on an adjusted basis are estimated at USD 0.0016 to USD 0.0231.
ADAMA noted that adjusted net profit excludes non-operational and non-cash items, including amortization related to prior acquisitions, restructuring and advisory costs under the Fight Forward plan, asset impairments, remediation provisions, product liability compensation, and certain financial expenses.
ADAMA's Reported Results Show Narrowing Net Loss
Reported EBITDA and Net Income Outlook
On a reported basis, which includes the impact of the excluded items, ADAMA expects higher EBITDA and margin in 2025 compared with the prior year. The reported net loss attributable to shareholders is estimated to range between USD 122 million and USD 172 million, significantly improved from a USD 407 million loss in 2024.
The improvement is primarily linked to stronger operating performance and lower tax expenses, partially offset by higher reported financial expenses.
Next Steps and Financial Disclosure Timeline For ADAMA
ADAMA emphasized that the current figures are preliminary and may change following further analysis ahead of the release of its full financial statements. The company expects to publish its audited full-year 2025 results after market close on March 26, 2026.
The company advised investors to exercise caution when relying on preliminary estimates while making investment decisions.
Read the complete financials.
