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Adecoagro S A Financials

AGRO
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Adecoagro S A (AGRO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 54 / 100
Financial Profile 54/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth
62

Adecoagro S A's revenue surged 16.9% year-over-year to $1.5B, reflecting rapid business expansion. This strong growth earns a score of 62/100.

Leverage
98

Adecoagro S A carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
48

Adecoagro S A's current ratio of 2.54 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
36

Adecoagro S A has a free cash flow margin of 4.5%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
26

Adecoagro S A generates a 6.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is down from 17.9% the prior year.

Piotroski F-Score Strong
7/9

Adecoagro S A passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
3.56x

For every $1 of reported earnings, Adecoagro S A generates $3.56 in operating cash flow ($328.3M OCF vs $92.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.5B
YoY+16.9%
5Y CAGR+11.4%

Adecoagro S A generated $1.5B in revenue in fiscal year 2024. This represents an increase of 16.9% from the prior year.

EBITDA
N/A
Net Income
$92.1M
YoY-59.4%
5Y CAGR+206.2%

Adecoagro S A reported $92.1M in net income in fiscal year 2024. This represents a decrease of 59.4% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
$68.1M
YoY-64.8%
5Y CAGR-0.4%

Adecoagro S A generated $68.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 64.8% from the prior year.

Cash & Debt
$211.2M
YoY-37.8%
5Y CAGR-6.2%

Adecoagro S A held $211.2M in cash against $287.7M in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
100M
YoY-5.6%
5Y CAGR-3.1%

Adecoagro S A had 100M shares outstanding in fiscal year 2024. This represents a decrease of 5.6% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
6.1%
YoY-11.4pp
5Y CAGR+6.0pp

Adecoagro S A's net profit margin was 6.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 11.4 percentage points from the prior year.

Return on Equity
6.5%
YoY-11.4pp
5Y CAGR+6.5pp

Adecoagro S A's ROE was 6.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 11.4 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$66.9M
YoY+154.9%
5Y CAGR+73.4%

Adecoagro S A spent $66.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 154.9% from the prior year.

Capital Expenditures
$260.2M
YoY+7.7%
5Y CAGR+0.6%

Adecoagro S A invested $260.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 7.7% from the prior year.

AGRO Income Statement

Metric Q3'25 Q4'24 Q3'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19
Revenue $304.2M N/A $471.5M N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense -$50.5M N/A -$6.4M N/A N/A N/A N/A N/A
Income Tax -$63K N/A $4.5M N/A N/A N/A N/A N/A
Net Income $6.4M N/A $18.7M N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

AGRO Balance Sheet

Metric Q3'25 Q4'24 Q3'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19
Total Assets $3.6B+17.0% $3.1B N/A $3.2B+1.8% $3.1B+20.4% $2.6B+4.0% $2.5B-1.5% $2.5B
Current Assets $1.4B+34.1% $1.0B N/A $1.1B+3.2% $1.0B+34.3% $761.8M-0.6% $766.6M+18.1% $649.1M
Cash & Equivalents $340.0M+61.0% $211.2M+6.6% $198.3M-41.7% $339.8M+47.3% $230.7M+15.5% $199.8M-40.6% $336.3M+15.8% $290.3M
Inventory $407.3M+40.6% $289.7M N/A $256.1M-6.6% $274.0M+14.4% $239.5M+79.5% $133.5M+18.3% $112.8M
Accounts Receivable $389.1M+82.4% $213.4M N/A $179.1M-2.6% $183.8M+26.0% $145.8M+0.1% $145.7M+14.4% $127.3M
Goodwill $35.4M-4.9% $37.2M N/A $27.5M-23.8% $36.1M+15.3% $31.3M+16.4% $26.9M-20.0% $33.7M
Total Liabilities $2.2B+29.4% $1.7B N/A $1.9B-2.4% $1.9B+26.8% $1.5B+1.1% $1.5B+1.7% $1.5B
Current Liabilities $486.1M+21.4% $400.3M N/A $494.1M-19.1% $610.9M+70.9% $357.4M-0.5% $359.2M-1.4% $364.4M
Long-Term Debt $317.9M+10.5% $287.7M N/A $325.6M+14.8% $283.5M+40.6% $201.7M+26.5% $159.4M-8.7% $174.6M
Total Equity $1.4B+2.0% $1.4B-1.9% $1.4B+13.5% $1.3B+8.8% $1.2B+11.1% $1.0B+8.7% $963.7M-6.3% $1.0B
Retained Earnings $525.1M+1.4% $518.1M N/A $418.8M+107.0% $202.3M+74.8% $115.7M+1234.7% $8.7M-53.7% $18.7M

AGRO Cash Flow Statement

Metric Q3'25 Q4'24 Q3'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19
Operating Cash Flow N/A $163.5M N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A $57.1M N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A $106.4M N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A -$84.5M N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A -$63.7M N/A N/A N/A N/A N/A N/A
Dividends Paid N/A $17.5M N/A N/A N/A N/A N/A N/A
Share Buybacks N/A $8.6M N/A N/A N/A N/A N/A N/A

AGRO Financial Ratios

Metric Q3'25 Q4'24 Q3'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 2.1% N/A 4.0% N/A N/A N/A N/A N/A
Return on Equity 0.4% N/A 1.3% N/A N/A N/A N/A N/A
Return on Assets 0.2% N/A N/A N/A N/A N/A N/A N/A
Current Ratio 2.80+0.3 2.54 N/A 2.14+0.5 1.67-0.5 2.130.0 2.13+0.4 1.78
Debt-to-Equity 0.22+0.0 0.20 N/A 0.26+0.0 0.24+0.1 0.19+0.0 0.170.0 0.17
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Adecoagro S A (AGRO) reported $1.5B in total revenue for fiscal year 2024. This represents a 16.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Adecoagro S A (AGRO) revenue grew by 16.9% year-over-year, from $1.3B to $1.5B in fiscal year 2024.

Yes, Adecoagro S A (AGRO) reported a net income of $92.1M in fiscal year 2024, with a net profit margin of 6.1%.

As of fiscal year 2024, Adecoagro S A (AGRO) had $211.2M in cash and equivalents against $287.7M in long-term debt.

Adecoagro S A (AGRO) had a net profit margin of 6.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Adecoagro S A (AGRO) has a return on equity of 6.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Adecoagro S A (AGRO) generated $68.1M in free cash flow during fiscal year 2024. This represents a -64.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Adecoagro S A (AGRO) generated $328.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Adecoagro S A (AGRO) had $3.1B in total assets as of fiscal year 2024, including both current and long-term assets.

Adecoagro S A (AGRO) invested $260.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Yes, Adecoagro S A (AGRO) spent $66.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Adecoagro S A (AGRO) had 100M shares outstanding as of fiscal year 2024.

Adecoagro S A (AGRO) had a current ratio of 2.54 as of fiscal year 2024, which is generally considered healthy.

Adecoagro S A (AGRO) had a debt-to-equity ratio of 0.20 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Adecoagro S A (AGRO) had a return on assets of 3.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Adecoagro S A (AGRO) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Adecoagro S A (AGRO) has an earnings quality ratio of 3.56x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Adecoagro S A (AGRO) scores 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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