Adecoagro SA's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Adecoagro SA reported revenue of $1.4B (-6.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.3B | $1.3B |
| Cost of revenue | ($1.2B) | ($1.2B) | ($973.2M) | ($1.1B) |
| Initial recognition and changes in fair value of biological assets and agricultural produce | $95.6M | $143.1M | $87.9M | $215.9M |
| Changes in net realizable value of agricultural produce after harvest | $6.4M | ($28.4M) | $1.8M | ($22.3M) |
| Margin on manufacturing and agricultural activities before operating expenses | $351.3M | $434.8M | $415.4M | $465.6M |
| General and administrative expenses | ($122.1M) | ($103.9M) | ($70.3M) | ($84.3M) |
| Selling expenses | ($161.1M) | ($153.5M) | ($129.1M) | ($143.5M) |
| Other operating income, net | $26.3M | $4.8M | $25.6M | $1.9M |
| Profit from operations | $94.3M | $182.3M | $241.6M | $249.8M |
| Finance income | $35.1M | $16.8M | $157.1M | $25.3M |
| Finance costs | ($127.1M) | ($166.4M) | ($122.1M) | ($137.6M) |
| Other financial results - Net (loss) / gain of inflation effects on monetary items | ($9.2M) | $2.4M | $28.8M | ($2.1M) |
| Financial results, net | ($101.2M) | ($147.2M) | $63.8M | ($114.4M) |
| (Loss) / profit before income tax | ($6.9M) | $35.1M | $305.4M | $135.4M |
| Income tax benefit / (expense) | $174.0K | $57.0M | ($78.7M) | ($26.8M) |
| (Loss) / profit for the year | ($6.8M) | $92.1M | $226.7M | $108.6M |
| Equity holders of the parent | ($8.3M) | $92.3M | $226.3M | $108.1M |
| Non-controlling interest | $1.6M | ($239.0K) | $430.0K | $468.0K |
| Basic earnings per share (USD per share) | -$0.08 | $0.90 | $2.11 | $0.98 |
| Diluted earnings per share (USD per share) | -$0.08 | $0.90 | $2.10 | $0.98 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Property, plant and equipment, net | $3.0B | $1.5B | $1.5B | $1.6B |
| Right of use assets | $389.0M | $373.8M | $406.7M | $360.2M |
| Investment property | $24.0M | $33.5M | $33.4M | $33.3M |
| Intangible assets, net | $253.9M | $37.2M | $27.5M | $36.1M |
| Biological assets | $40.5M | $43.4M | $23.7M | $30.6M |
| Deferred income tax assets | $23.7M | $15.5M | $9.8M | $8.8M |
| Trade and other receivables, net | $82.9M | $38.5M | $39.1M | $44.6M |
| Derivative financial instruments | $1.9M | $5.5M | $18.0M | $5.2M |
| Other assets | $3.5M | $3.8M | $1.5M | $1.7M |
| Total Non-Current Assets | $3.8B | $2.1B | $2.1B | $2.1B |
| Biological assets | $274.3M | $250.5M | $204.3M | $235.8M |
| Inventories | $306.3M | $289.7M | $256.1M | $274.0M |
| Trade and other receivables, net | $364.4M | $213.4M | $179.1M | $183.8M |
| Derivative financial instruments | $1.2M | $4.1M | $13.8M | $134.0K |
| Short-term investments | $89.8M | $46.1M | $62.6M | — |
| Cash and cash equivalents | $383.1M | $211.2M | $339.8M | $230.7M |
| Total Current Assets | $1.4B | $1.0B | $1.1B | $1.0B |
| TOTAL ASSETS | $5.2B | $3.1B | $3.2B | $3.1B |
| Share capital | $221.8M | $167.1M | $167.1M | $167.1M |
| Share premium | $876.1M | $659.4M | $743.8M | $793.2M |
| Cumulative translation adjustment | ($426.2M) | ($413.8M) | ($603.9M) | ($456.0M) |
| Equity-settled compensation | $11.4M | $17.3M | $18.7M | $18.8M |
| Other reserves | $153.2M | $151.3M | $150.7M | $126.9M |
| Treasury shares | -7.9M | -17.0M | -8.1M | -4.8M |
| Revaluation surplus | $275.7M | $245.3M | $317.6M | $281.9M |
| Reserve from the sale of non-controlling interests in subsidiaries | $41.6M | $41.6M | $41.6M | $41.6M |
| Retained earnings | $509.7M | $518.1M | $418.8M | $202.3M |
| Equity attributable to equity holders of the parent | $1.7B | $1.4B | $1.2B | $1.1B |
| Non-controlling interest | $136.9M | $39.0M | $36.5M | $37.6M |
| TOTAL SHAREHOLDERS EQUITY | $1.8B | $1.4B | $1.3B | $1.2B |
| Trade and other payables | $700.0K | $767.0K | $1.0M | $17.2M |
| Borrowings | $1.4B | $680.0M | $697.8M | $728.0M |
| Lease liabilities | $296.6M | $287.7M | $325.6M | $283.5M |
| Deferred income tax liabilities | $728.6M | $330.3M | $376.3M | $301.4M |
| Payroll and social security liabilities | $567.0K | $1.5M | $1.6M | $1.6M |
| Derivatives financial instruments | $1.3M | $4.0M | $0 | $96.0K |
| Provisions for other liabilities | $22.3M | $2.2M | $2.9M | $2.5M |
| Total Non-Current Liabilities | $2.4B | $1.3B | $1.4B | $1.3B |
| Trade and other payables | $673.2M | $206.9M | $190.7M | $242.4M |
| Current income tax liabilities | $31.9M | $3.5M | $5.0M | $422.0K |
| Payroll and social security liabilities | $38.8M | $32.7M | $37.4M | $30.0M |
| Borrowings | $213.1M | $99.6M | $207.1M | $279.8M |
| Lease liabilities | $60.0M | $54.4M | $52.9M | $54.4M |
| Derivative financial instruments | $4.1M | $1.8M | $169.0K | $3.0M |
| Provisions for other liabilities | $5.5M | $1.5M | $728.0K | $909.0K |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| (Loss) / profit for the year | ($6.8M) | $92.1M | $226.7M | $108.6M |
| Income tax expense / (benefit) | ($174.0K) | ($57.0M) | $78.7M | $26.8M |
| Depreciation | $195.8M | $223.8M | $198.3M | $188.8M |
| Amortization | $2.8M | $2.3M | $1.7M | $2.3M |
| Depreciation of right of use assets | $72.9M | $77.9M | $74.1M | $63.3M |
| (Gain) / loss from the disposal of other property items | ($4.3M) | $2.4M | ($4.7M) | ($3.7M) |
| Gain from the sale of farmland and other assets | $0 | ($6.0M) | ($6.3M) | $0 |
| (Insurance recovery) / impairment due to fire | ($4.4M) | — | — | — |
| Net (gain) / loss from the fair value adjustment of Investment properties | ($3.3M) | $23.4M | ($10.6M) | $3.0M |
| Equity settled share-based compensation granted | $11.9M | $6.7M | $8.6M | $10.2M |
| (Gain) from derivative financial instruments and forwards | ($2.9M) | ($1.2M) | ($8.6M) | $13.7M |
| Interest, finance cost related to lease liabilities and other financial expense, net | $89.8M | $68.3M | $16.4M | $83.1M |
| Initial recognition and changes in fair value of non-harvested biological assets (unrealized) | ($13.4M) | $18.3M | $17.7M | ($44.9M) |
| Changes in net realizable value of agricultural produce after harvest (unrealized) | ($876.0K) | $7.3M | ($2.6M) | ($72.0K) |
| Provision and allowances | $3.8M | ($1.8M) | $654.0K | $999.0K |
| Tax credits recognized | ($6.1M) | ($19.5M) | — | — |
| Net loss / (gain) of inflation effects on the monetary items | $9.2M | ($2.4M) | ($28.8M) | $2.1M |
| Foreign exchange (gain) / losses, net | ($5.8M) | $37.6M | ($90.9M) | ($19.3M) |
| Cash flow hedge – transfer from equity | $0 | $28.6M | $36.9M | $40.2M |
| Subtotal | $338.1M | $515.1M | $507.0M | $465.0M |
| (Increase) / decrease in trade and other receivables | ($57.2M) | ($68.3M) | $3.7M | ($60.8M) |
| Decrease / (increase) in inventories | $43.6M | $3.1M | ($12.4M) | $45.4M |
| Increase in biological assets | ($17.8M) | ($38.9M) | ($23.4M) | ($3.7M) |
| Decrease / (increase) in other assets | $240.0K | ($2.1M) | ($37.0K) | ($1.1M) |
| Decrease / (increase) in derivative financial instruments | $3.8M | $21.8M | ($11.2M) | ($9.7M) |
| Decrease in trade and other payables | ($3.1M) | ($100.3M) | ($43.9M) | ($64.5M) |
| Increase in payroll and social security liabilities | $2.1M | $4.1M | $15.7M | $7.7M |
| Increase in provisions for other liabilities | $1.1M | $1.1M | $803.0K | ($290.0K) |
| Net cash generated from operating activities before taxes paid | $310.9M | $335.6M | $436.2M | $378.1M |
| Income tax paid | ($2.4M) | ($7.3M) | ($1.3M) | ($8.1M) |
| Net cash generated from operating activities | $308.5M | $328.3M | $434.9M | $370.0M |
| Acquisition of subsidiaries net of cash and cash equivalents acquired | ($676.0M) | ($16.2M) | ($3.2M) | $1.1M |
| Purchases of property, plant and equipment | ($264.1M) | ($260.2M) | ($241.6M) | ($217.8M) |
| Purchase of cattle and non-current biological assets | ($139.0K) | ($1.9M) | ($511.0K) | ($9.1M) |
| Purchases of intangible assets | ($2.0M) | ($1.2M) | ($1.3M) | ($3.4M) |
| Interest received and others | $28.8M | $7.8M | $62.1M | $5.2M |
| Proceeds from disposal of other property items | $4.7M | $2.3M | $4.1M | $2.8M |
| Proceeds from the sale of farmland and other assets | $3.3M | $23.3M | $33.2M | $9.9M |
| Acquisition of short-term investment | ($313.0M) | ($47.9M) | ($106.9M) | ($98.0M) |
| Disposals of short-term investment | $295.6M | $62.4M | $142.5M | — |
| Net cash used in investing activities | ($922.9M) | ($231.6M) | ($111.6M) | ($299.3M) |
| Proceeds from issuance of shares net of transaction costs | 303.7M | — | — | — |
| Proceeds from long-term borrowings | $870.6M | $126.8M | $7.7M | $41.1M |
| Payments of long-term borrowings | ($213.9M) | ($105.7M) | ($24.1M) | ($14.0M) |
| Proceeds from short-term borrowings | $279.9M | $169.9M | $448.5M | $347.9M |
Adecoagro SA score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.