Adecoagro S A Stock Price, News & Analysis

Adecoagro (NYSE: AGRO) priced an underwritten offering of 41,379,311 common shares at $7.25 per share, generating gross proceeds of approximately $300.0 million. The company granted underwriters a 30-day option to purchase up to an additional 1,111,035 shares. The offering is expected to close on December 15, 2025, subject to customary closing conditions.

Tether Investments, Adecoagro's controlling shareholder, agreed to purchase 30,344,827 shares, and management and other investors agreed to buy an aggregate of 3,627,585 shares. The offering is being made from an effective shelf registration and a final prospectus supplement will be filed with the SEC.

Adecoagro (NYSE: AGRO) announced a public offering of $300,000,000 of common shares, subject to market and other conditions.

The company granted underwriters a 30-day overallotment option to purchase up to an additional $11,100,000 of shares exercisable from time to time within 30 days after December 11, 2025. J.P. Morgan and BofA Securities are global coordinators and joint book-running managers; BTG Pactual, Citigroup and Itaú BBA are joint book-running managers.

Controlling shareholder Tether indicated interest to purchase approximately $200.0 million and management/other investors indicated interest for about $26.0 million. The offering is being made from an effective shelf registration; a preliminary prospectus supplement is filed with the SEC.

Adecoagro (NYSE: AGRO) announced on December 1, 2025 that it filed a Form F-3 shelf registration with the SEC to permit registered offers and sales of up to $500 million of common shares, subscription rights, or a combination thereof.

The registration, if declared effective by the SEC, would allow the company to sell securities from time to time subject to market conditions, the company’s capital needs and SEC limitations; price and terms would be set at the time of any offering. The filing is not yet effective and does not obligate the company to sell any securities.

Adecoagro (NYSE: AGRO) submitted a binding offer to acquire YPF's 50% stake in Profertil S.A. under substantially the same terms as its earlier deal with Nutrien, including a purchase price of approximately US$600 million. If accepted by YPF's board in December 2025 and closed, Adecoagro would own 90% of Profertil with the remaining 10% held by Asociación de Cooperativas Argentinas.

Profertil operates a Bahía Blanca complex with annual capacity of ~1.3 million t urea and ~790,000 t ammonia, supplies ~60% of Argentina's urea, and posted average annual EBITDA of ~US$390 million for 2020-2024. The deal is to be financed via cash, a committed long-term credit facility, and proceeds from an equity sale, and is expected to close by Dec 31, 2025.

Adecoagro (NYSE: AGRO) reported 3Q25 Adjusted EBITDA of $115.1 million and said the Sugar, Ethanol & Energy unit led results with $120.5 million in 3Q25 (+20.3% YoY). The company hit an all-time crushing record of 4.9 million tons in 3Q25 and shifted to an ethanol-maximization mix (58% in 3Q25).

9M25 results declined due to lower commodity prices and higher costs. Net Debt/LTM Adj. EBITDA was 2.8x. Adecoagro agreed to buy Nutrien's ~50% stake in Profertil for ~$600 million (company paid $96 million upfront). Farmland appraised at $714.8 million and total 2025 shareholder distributions reached $45.2 million.

Adecoagro (NYSE: AGRO) announced its Board approved a cash dividend distribution totaling $17.5 million as the second tranche of a two-part payout.

The dividend equals approximately $0.17485 per share, has a record date of November 3, 2025, and a payment date of November 19, 2025. The first equal installment was paid on May 16, 2025, making the announced annual cash dividend $35 million in total.

Adecoagra (NYSE:AGRO) has announced a strategic acquisition of Nutrien Ltd.'s 50% stake in Profertil S.A. for approximately $600 million. The acquisition will be executed through an 80-20 partnership with Asociación de Cooperativas Argentinas (ACA).

Profertil is South America's largest granular urea producer with an annual capacity of 1.3 million metric tons of urea and 790,000 metric tons of ammonia. The company supplies about 60% of Argentina's urea consumption and has generated an average annual EBITDA of $390 million from 2020-2024. The remaining 50% stake is owned by YPF S.A., which holds a 90-day right of first refusal.

The transaction is expected to close by the end of 2025, strengthening Adecoagro's position in the agricultural sector while diversifying its operations.

Adecoagro (NYSE: AGRO) reported mixed second quarter 2025 results, with Adjusted EBITDA reaching $55.4 million, marking a 60.5% year-over-year decline. The company's gross sales decreased by 1.4% in Q2 due to lower commodity prices, though 6-month sales were up 9.9% on higher volumes.

The Sugar, Ethanol & Energy segment generated $68.1 million in Adjusted EBITDA, down 36.3% year-over-year, while the Farming business contributed just $1.1 million. Notable financial developments include the issuance of $500 million Senior Notes due 2032 and a tender offer for 2027 notes. The company committed $45.2 million to shareholder distributions, including share repurchases and dividends.

Adecoagro (NYSE:AGRO) has announced the completion of its cash tender offer for its 6.000% Notes due 2027. The tender offer, which expired on July 24, 2025, resulted in US$150,927,000 (approximately 36.31%) of the outstanding notes being validly tendered and not withdrawn.

Holders who validly tendered their notes will receive US$1,000.00 per US$1,000.00 principal amount, plus accrued interest. The settlement is expected on July 29, 2025. Following the tender offer, US$264,717,000 in principal amount of the 2027 Notes will remain outstanding.

The company plans to finance the tender offer through proceeds from a new U.S. Dollar-denominated notes offering, with any remaining proceeds potentially being used to redeem or purchase outstanding notes through various means.