Verde AgriTech Reports First Positive EBITDA Since 2023

Key Takeaways

• Verde AgriTech (TSX: NPK | OTCQX: VNPKF) posted its first positive EBITDA in eight quarters, recording $0.1 million in Q3 2025, compared to a loss of $0.03 million in Q3 2024.
• Revenue reached $5.9 million on sales of 85,136 tons, down 18% year-over-year due to ongoing challenges in Brazil’s agriculture sector.
• Net loss narrowed to $2.1 million, while gross margin excluding freight remained stable at 60%.
• Verde was granted a new Brazilian patent for fertilizer production technology combining glauconitic siltstone with beneficial microorganisms, bringing its total to five granted patents.
• The company advanced its Enhanced Rock Weathering (ERW) program and rare-earth exploration projects, with strong carbon capture and sustainability metrics reported for the quarter.

Verde AgriTech Delivers Operational Discipline During Market Downturn

Verde AgriTech Ltd (TSX: NPK | OTCQX: VNPKF) announced its financial results for the quarter ended September 30, 2025, reporting steady operational improvement despite ongoing challenges from the Great Brazilian Agricultural Crisis.

The company recorded $5.9 million in revenue on 85,136 tons sold, down from the prior year due to reduced farmer purchasing power and tight credit conditions across Brazil’s agricultural sector. However, EBITDA before non-cash events turned positive at $0.1 million, marking the company’s first positive quarter since Q2 2023. Net loss decreased to $2.1 million, and cash reserves rose to $3.6 million, reflecting Verde’s continued focus on cost control and prudent working capital management.

“The Great Brazilian Agriculture Crisis continues to weigh on demand, but we executed with discipline—cutting costs, tightening credit, and focusing on resilient, long-cycle customers,” said Cristiano Veloso, Founder and CEO of Verde AgriTech. “While conditions remain difficult, Q3 shows clear sequential improvement and operational rigor to keep building from here.”

Patent Grant and Research Progress Strengthen Innovation Pipeline

During the quarter, Verde AgriTech received a Brazilian patent for its advanced fertilizer production technology, which integrates glauconitic siltstone with beneficial microorganisms to enhance nutrient availability and soil health. The company now holds five active patents in Brazil, with three additional applications pending with the National Institute of Industrial Property (INPI).

Verde also reported progress in agronomic trials for eucalyptus and sugarcane, opening potential partnerships with large-scale buyers capable of absorbing volumes beyond current production capacity.

Sustainability and Carbon Capture Achievements

In Q3 2025, Verde’s products had the potential to capture up to 10,214 tons of CO₂ through Enhanced Rock Weathering (ERW), with a net carbon removal estimate of 7,106 tons. Additionally, sales avoided 4,155 tons of CO₂e emissions by substituting potassium chloride (KCl) fertilizers.

Since 2018, Verde’s operations have cumulatively contributed to 329,933 tons of CO₂ equivalent in avoided or captured emissions, while preventing 188,742 tons of chloride from being applied to soils.

Rare-Earth Discovery in Minas Gerais Marks Diversification Milestone

Following the quarter, Verde announced the discovery of a rare-earth mineralized zone in Minas Gerais, Brazil, spanning 5,500 hectares across 13 mineral rights. The discovery has led to the formation of the Minas Americas Global Alliance Project, which focuses on developing magnetic rare earth elements such as neodymium, praseodymium, dysprosium, and terbium.

A three-rig drilling program commenced in October 2025, with plans to complete initial exploration, resource estimation, and economic assessment through mid-2026. The company reported that initial leach tests confirmed ionic-adsorption behavior and high magnet rare-earth grades with negligible impurities.

Verde AgriTech Outlook: Positioned for 2026 Growth and Resilience

Verde expects a stronger performance in Q4 2025 and into Q1 2026, supported by improved agricultural liquidity, better credit access for farmers, and rising demand for sustainable inputs.

The company anticipates that continued adoption of its carbon-negative fertilizers and growing momentum in the Minas Americas Global Alliance rare-earth project will support revenue recovery and margin improvement over the coming year.

“We’re cautiously optimistic that our progress signals a recovery ahead,” said Veloso. “With positive EBITDA, growing cash reserves, and diversification through our rare-earths initiative, Verde is positioned for stability and future growth.”

Read the complete financial results.