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ADECOAGRO S.A. (AGRO) Financials

AGRO
FY2025 annual
Revenue $1.4B -6.0% YoY
Net Income -$6.8M -107.3% YoY
Free Cash Flow $44.4M -34.8% YoY
Operating Cash Flow $308.5M -6.0% YoY
Market Cap $1.5B as of Oct 8, 2026
Price / Sales 1.1x on $1.4B revenue, FY2025
Price / Earnings n/m net loss, so no earnings multiple, FY2025
Price / Book 1.1x on $1.4B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Apr 29, 2026 Reported Currency USD FYE April

Newest figures come from the 20-F for FY2025, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AGRO SEC filings page.

ADECOAGRO S.A. (AGRO) reported $1.4B in revenue for fiscal year 2025, down 6.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Rhea AI AGRO FY2025

Adecoagro’s latest year shows a larger asset base producing cash, but little accounting profit after heavy reinvestment.

The business generated $308.5M of operating cash flow despite a $6.8M net loss, so cash generation exceeded bottom-line earnings in FY2025. Yet $264.1M of capital spending left only $44.4M of free cash flow, making reinvestment the main reason cash conversion looked weak.

Revenue fell from $1.5B in FY2024 to $1.4B in FY2025, revealing a smaller sales base rather than continued top-line expansion. Net margin dropped from 6.1% to -0.5%, showing the year’s earnings damage was disproportionate to the sales decline.

A much larger balance sheet—assets rose from $3.1B to $5.2B—came with tighter short-term flexibility rather than proportionate liquidity expansion. The current ratio fell from 2.5x to 1.4x, indicating more pressure on near-term working-capital management.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 35 / 100
Financial Health Score 35/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of ADECOAGRO S.A.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
0

Not available for ADECOAGRO S.A., and counted as zero in the overall score.

Growth
49

ADECOAGRO S.A.'s revenue declined 6.0% year-over-year, from $1.5B to $1.4B. This contraction results in a growth score of 49/100.

Leverage
77

ADECOAGRO S.A. carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
37

ADECOAGRO S.A.'s current ratio of 1.38 indicates adequate short-term liquidity, earning a score of 37/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
49

ADECOAGRO S.A. has a free cash flow margin of 3.1%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
0

Not available for ADECOAGRO S.A., and counted as zero in the overall score.

Piotroski F-Score Partial
3/8

ADECOAGRO S.A. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
N/A

ADECOAGRO S.A. reported a net loss of $6.8M while generating $308.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue
$304.2M
YoY-35.5%

ADECOAGRO S.A. generated $304.2M in revenue in Q2 2026. This represents a decrease of 35.5% from the same quarter a year earlier.

Net Income
$6.4M
YoY-65.7%

ADECOAGRO S.A. reported $6.4M in net income in Q2 2026. This represents a decrease of 65.7% from the same quarter a year earlier.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$340.0M
YoY+71.5%
QoQ+61.0%

ADECOAGRO S.A. held $340.0M in cash against $317.9M in long-term debt as of Q2 2026.

Shares Outstanding
143M
YoY+42.5%
QoQ+42.5%

ADECOAGRO S.A. had 143M shares outstanding in Q2 2026. This represents an increase of 42.5% from the same quarter a year earlier. Against the prior quarter it is up 42.5%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin
2.1%
YoY-1.9pp

ADECOAGRO S.A.'s net profit margin was 2.1% in Q2 2026, showing the share of revenue converted to profit. This is down 1.9 percentage points from the same quarter a year earlier.

Return on Equity
0.4%
YoY-0.9pp

ADECOAGRO S.A.'s ROE was 0.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the same quarter a year earlier.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

AGRO Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AGRO quarterly income statement
MetricQ2'266-K/AQ3'256-K/AQ2'256-K/AQ3'2410-KQ3'2310-KQ3'2210-KQ3'2110-KQ3'2010-K
Revenue$304.2M-35.5%N/A$471.5MN/AN/AN/AN/AN/A
Interest Expense$31.5M+936.4%N/A$3.0MN/AN/AN/AN/AN/A
Income Tax-$63K-101.4%N/A$4.5MN/AN/AN/AN/AN/A
Net Income$6.4M-65.7%N/A$18.7MN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

AGRO Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AGRO quarterly balance sheet
MetricQ2'266-K/AQ3'256-K/AQ2'256-K/AQ3'2410-KQ3'2310-KQ3'2210-KQ3'2110-KQ3'2010-K
Total Assets$3.6B$3.1B-1.6%N/A$3.2B+1.8%$3.1B+20.4%$2.6B+4.0%$2.5B-1.5%$2.5B+10.7%
Current Assets$1.4B$1.0B-3.9%N/A$1.1B+3.2%$1.0B+34.3%$761.8M-0.6%$766.6M+18.1%$649.1M-1.8%
Cash & Equivalents$340.0M+71.5%$211.2M-37.8%$198.3M$339.8M+47.3%$230.7M+15.5%$199.8M-40.6%$336.3M+15.8%$290.3M+6.1%
Inventory$407.3M$289.7M+13.1%N/A$256.1M-6.6%$274.0M+14.4%$239.5M+79.5%$133.5M+18.3%$112.8M-12.0%
Accounts Receivable$389.1M$213.4M+19.2%N/A$179.1M-2.6%$183.8M+26.0%$145.8M+0.1%$145.7M+14.4%$127.3M-19.8%
Goodwill$35.4M$37.2M+35.3%N/A$27.5M-23.8%$36.1M+15.3%$31.3M+16.4%$26.9M-20.0%$33.7M+20.7%
Total Liabilities$2.2B$1.7B-10.1%N/A$1.9B-2.4%$1.9B+26.8%$1.5B+1.1%$1.5B+1.7%$1.5B+27.6%
Current Liabilities$486.1M$400.3M-19.0%N/A$494.1M-19.1%$610.9M+70.9%$357.4M-0.5%$359.2M-1.4%$364.4M+31.2%
Non-Current Liabilities$1.7B$1.3B-7.0%N/A$1.4B+5.3%$1.3B+13.4%$1.2B+1.5%$1.2B+2.8%$1.1B+26.5%
Long-Term Debt$317.9M$287.7M-11.6%N/A$325.6M+14.8%$283.5M+40.6%$201.7M+26.5%$159.4M-8.7%$174.6M
Total Equity$1.4B0.0%$1.4B+11.3%$1.4B$1.3B+8.8%$1.2B+11.1%$1.0B+8.7%$963.7M-6.3%$1.0B-7.2%
Retained Earnings$525.1M$518.1M+23.7%N/A$418.8M+107.0%$202.3M+74.8%$115.7M+1234.7%$8.7M-53.7%$18.7M-92.1%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

AGRO Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AGRO quarterly cash flow statement
MetricQ2'266-K/AQ3'256-K/AQ2'256-K/AQ3'2410-KQ3'2310-KQ3'2210-KQ3'2110-KQ3'2010-K
Operating Cash FlowN/A$163.5MN/AN/AN/AN/AN/AN/A
Capital ExpendituresN/A$57.1MN/AN/AN/AN/AN/AN/A
Free Cash FlowN/A$106.4MN/AN/AN/AN/AN/AN/A
Investing Cash FlowN/A-$84.5MN/AN/AN/AN/AN/AN/A
Financing Cash FlowN/A-$63.7MN/AN/AN/AN/AN/AN/A
Dividends PaidN/A$17.5MN/AN/AN/AN/AN/AN/A
Share BuybacksN/A$8.6MN/AN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation.

AGRO Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AGRO quarterly financial ratios
MetricQ2'266-K/AQ3'256-K/AQ2'256-K/AQ3'2410-KQ3'2310-KQ3'2210-KQ3'2110-KQ3'2010-K
Net Margin2.1%-1.9ppN/A4.0%N/AN/AN/AN/AN/A
Return on Equity0.4%-0.9ppN/A1.3%N/AN/AN/AN/AN/A
Return on Assets0.2%N/AN/AN/AN/AN/AN/AN/A
Current Ratio2.802.54+0.4xN/A2.14+0.5x1.67-0.5x2.130.0x2.13+0.4x1.78-0.6x
Debt-to-Equity0.220.20-0.1xN/A0.260.0x0.24+0.1x0.190.0x0.170.0x0.17-0.9x
Asset Turnover0.08N/AN/AN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
ADECOAGRO S.A. AGRO FY2025 $1.4B -$6.8M -0.5% $1.5B 35/100
Dole plc DOLE FY2025 $9.2B $51.3M 0.6% $1.2B 41/100
Del Monte Corporation FDP FY2025 $4.3B $93.5M 2.2% $1.4B 48/100
Limoneira Co LMNR FY2025 $159.7M -$16.0M -10.0% $217.6M 33/100
Alico Inc ALCO FY2025 $44.1M -$147.3M N/A $283.6M 39/100

Frequently Asked Questions

What is ADECOAGRO S.A.'s annual revenue?

ADECOAGRO S.A. (AGRO) reported $1.4B in total revenue for fiscal year 2025. This represents a -6.0% 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.

How fast is ADECOAGRO S.A.'s revenue growing?

ADECOAGRO S.A. (AGRO) revenue declined by 6.0% year-over-year, from $1.5B to $1.4B in fiscal year 2025.

Is ADECOAGRO S.A. profitable?

No, ADECOAGRO S.A. (AGRO) reported a net income of -$6.8M in fiscal year 2025, with a net profit margin of -0.5%.

As of fiscal year 2025, ADECOAGRO S.A. (AGRO) had $383.1M in cash and equivalents against $296.6M in long-term debt.

ADECOAGRO S.A. (AGRO) had a net profit margin of -0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

ADECOAGRO S.A. (AGRO) has a return on equity of -0.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

ADECOAGRO S.A. (AGRO) generated $44.4M in free cash flow during fiscal year 2025. This represents a -34.8% 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 $308.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

ADECOAGRO S.A. (AGRO) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.

ADECOAGRO S.A. (AGRO) invested $264.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, ADECOAGRO S.A. (AGRO) spent $22.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

ADECOAGRO S.A. (AGRO) had 143M shares outstanding as of fiscal year 2025.

ADECOAGRO S.A. (AGRO) had a current ratio of 1.38 as of fiscal year 2025, which is considered adequate.

ADECOAGRO S.A. (AGRO) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

ADECOAGRO S.A. (AGRO) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

ADECOAGRO S.A. (AGRO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $1.5B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

ADECOAGRO S.A. (AGRO) trades at 1.1x sales, its market capitalization divided by revenue of $1.4B revenue, FY2025. The market capitalization is $1.5B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

ADECOAGRO S.A. (AGRO) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

ADECOAGRO S.A. (AGRO) reported a net loss of $6.8M while generating $308.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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