Key Takeaways:
- Adecoagro reported Adjusted EBITDA of $276.7 million for full year 2025, down 37.7% year-over-year, with pro forma Adjusted EBITDA of $467.2 million including a full year of Profertil operations.
- In December 2025, Adecoagro completed the acquisition of a 90% stake in Profertil S.A., Argentina's sole granular urea producer, for approximately $1.1 billion.
- The Sugar, Ethanol & Energy segment remained Adecoagro's largest contributor with Adjusted EBITDA of $291.5 million, despite a 19.9% year-over-year decline driven by lower sugar prices and reduced crushing volumes.
- Full year results were pressured by lower commodity prices, mixed productivity, and higher costs in U.S. dollar terms across the Farming segment.
- Adecoagro's Board of Directors approved $35 million in cash dividends for 2026, payable in two equal instalments, subject to shareholder approval at the April 15 Annual Meeting.
Adecoagro Completes Transformational Profertil Acquisition in FY2025
Adecoagro S.A. (NYSE: AGRO), a sustainable production company operating across South America, has reported its financial results for the fiscal year ended December 31, 2025. The year was shaped primarily by the completion of its acquisition of Profertil S.A. in mid-December 2025, which significantly expanded the company's scale and debt position.
Adecoagro reported gross sales of $1.45 billion for the full year, a 2.1% decline compared to 2024. On a pro forma basis — treating the Profertil acquisition as if it had occurred on January 1, 2024 — gross sales were $2.02 billion, down 5.9% year-over-year.
Adecoagro Full Year 2025 Financial Summary
Adjusted EBITDA and Net Income
Adjusted EBITDA for 2025 was $276.7 million, a 37.7% decline from $444.3 million in 2024. On a pro forma basis, Adjusted EBITDA reached $467.2 million, down 35.5% from $723.9 million in 2024, primarily reflecting weaker operating performance and 91 days without operations at the Profertil fertilizer plant.
