Vylor Inc. became an independent, publicly traded company on October 1, 2026, when Corteva completed the separation of its Seed Business through a pro rata dividend in-kind of Vylor shares to Corteva shareholders of record as of the close of business on September 24. The transaction was intended to be tax-free for U.S. federal income tax purposes. Vylor is the accounting successor for pre-separation periods: Corteva’s historical consolidated statements are Vylor’s historical financial statements, alongside separate historical combined statements for the Seed Business.
For the three months ended September 30, those pre-separation consolidated results show net sales of $2.458 billion, compared with $2.618 billion a year earlier, and a net loss attributable to Corteva of $570 million, versus $320 million. Nine-month sales were $13.742 billion versus $13.491 billion; operating cash used was $3.948 billion versus $969 million. On October 1, Vylor borrowed $1.578 billion under its five-year revolver and $1.5 billion under its 364-day revolver to repay PHI Bilateral Facility borrowings.
Vylor Inc. reported pro forma results for the third quarter and nine months ended September 30, 2026. Third-quarter net sales were $938 million, down 1% year over year, and organic sales declined 3%; volume fell 9%, partly offset by a 6% increase in price/mix. GAAP loss from continuing operations after tax was $480 million, compared with a $391 million loss a year earlier; adjusted Pro Forma Operating EBITDA was a $269 million loss, down 33%.
For the first nine months, net sales were $8.53 billion, up 4%, and organic sales were $8.41 billion, up 2%. GAAP income from continuing operations after tax was $1.01 billion, down 18%; adjusted Pro Forma Operating EBITDA was $2.66 billion, up 8%, and adjusted Pro Forma Operating EPS was $2.37 per share, up 6%. Vylor reaffirmed 2026 guidance: adjusted Pro Forma Operating EBITDA of approximately $2.8 billion and adjusted Pro Forma Operating EPS of $2.25 to $2.35 per share. Its announced capital returns include a new $3 billion multi-year share repurchase program and a $0.13 per share dividend payable December 7, 2026, to shareholders of record November 30, 2026.
Vylor Inc. (VYLR) presents unaudited pro forma financial statements reflecting Corteva’s October 1, 2026 separation of its Seed Business into Vylor and related capital-structure and ancillary transactions. For accounting purposes, Vylor is treated as Corteva’s accounting successor, with the Crop Protection Business shown as discontinued operations. The statements model the transactions as if effective January 1, 2025 for operating results and September 30, 2026 for the balance sheet; they are illustrative and do not purport to show actual results.
For the nine months ended September 30, 2026, pro forma net sales were $8.531 billion versus $8.235 billion in 2025, while income from continuing operations attributable to Vylor was $1.005 billion versus $1.228 billion. For the three months ended September 30, 2026, that income measure was a loss of $480 million versus a loss of $391 million. Pro Forma Operating EBITDA, a non-GAAP measure, was a loss of $279 million for the quarter versus $222 million, and $2.613 billion for the nine months versus $2.401 billion. At September 30, 2026, pro forma cash was $1.312 billion and long-term debt was $2.510 billion.
Vylor Inc. (VYLR) says it cannot file its Form 10-Q for the quarter ended September 30, 2026 by the prescribed due date and plans to file no later than the fifth calendar day following the prescribed due date. It needs additional time for reporting processes and procedures related to its spin-off from Corteva, completed October 1, 2026.
Vylor says it will be treated as the accounting spinnor and accounting successor to Corteva, and that its financial statements for the September quarter will be Corteva’s consolidated interim financial statements. Vylor expects higher expenses, primarily from separation activities and ongoing research and development investments, resulting in a higher seasonal loss than in the same period of 2025. It expects to issue results before its scheduled November 12, 2026 earnings call.
Vylor Inc.'s Chief Legal Officer, Kurt R. Van Thomme, reports direct ownership of 13,372 common shares and two direct stock-option positions covering 946 and 500 common shares, each with a $0.0000 exercise price. The 946-option position vests in 473 options on February 18, 2027 and 473 on February 18, 2028, and expires February 18, 2035; the 500-option position expires February 20, 2034.
Vylor Inc. director Rajesh Kalathur received an award of 2,610 common shares on October 22, 2026. His reported direct holdings after the award were 2,610 shares. The same report lists 274 common shares held indirectly by his spouse as a separate holding. The transaction is reported as a grant award, not a purchase or sale.
Vylor Inc. (VYLR) director Johannes Jacobus Oosthuizen acquired 2,610 common shares as a grant or award on October 22, 2026, at $0.0000 per share. His directly held position following the transaction was 2,610 shares.
Moses Victor Javier Aguilar, a director of Vylor Inc. (VYLR), acquired 2,610 shares of common stock in a grant or award on October 22, 2026. The reported price was $0.0000 per share, and his direct holdings following the award were 2,610 shares. The transaction is recorded as a grant/award acquisition, rather than a purchase or sale.