Saturday 17 October 2026 Export AGRO’s income statement to Excel — free account

Adecoagro S.A.

Adecoagro S.A.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 6.00% from fiscal 2024. In the quarter to June 2026, revenue grew 39.0%, EPS grew 172.2%, free cash flow fell 5.56% and total debt rose 123.0%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

10.03 0.02 −0.20%

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Market cap: $1.5B
P/E: 30.4×
Fwd P/E: 2.6×
Dividend yield: 0.00%
F-score: 3/9
Altman Z: 0.70
Beneish M: −2.05
Dividend safety: 32/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.56

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	1	7	—	—	—	—	—	—

Insider Ownership 78.62%

Capital & Financial Ratios $m

Market Cap 1,450.00

Revenue 1,649.84

Net Income 60.64

Free Cash Flow 60.08

Net Debt 1,686.81

Current Ratio 1.73

Debt/Equity 1.07

P/E ratio 30.39

Fwd P/E 2.58

P/S ratio 0.89

P/B ratio 0.78

Past 5Y EPS Growth —

This Y EPS Growth 939.97%

Next Y EPS Growth (21.39%)

Next Y revenue growth 46.21%

Next 5Y EPS Growth (13.68%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 58.97%

10-year low 10-year high

P/S against its own 10 years 48.36%

10-year low 10-year high

P/B against its own 10 years 34.54%

10-year low 10-year high

EV/Sales against its own 10 years 72.69%

10-year low 10-year high

EV/FCF against its own 10 years 76.59%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2024	0.17	0.17
2023	0.33	0.16 0.16
2022	0.32	0.16 0.16
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack
2016	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	416	261	474	331
Receivables	179	213	364	372
Inventory	460	540	581	658
Other	—	—	—	—
	1,056	1,015	1,419	1,361

	2023	2024	2025	Q'26
Payables	191	207	673	198
ST’ Debt	207	100	213	440
Other	38	36	48	52
	494	400	1,027	788

Compound Annual Growth %

	10y	5y	3y
Sales	7.79%	11.79%	1.94%
Cash Flow	7.83%	3.71%	(5.88%)
Earnings	0.00%	0.00%	0.00%
Book Value	13.01%	13.21%	15.49%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	399	531	—	—	—
’25	326	382	304	416	1,428
’24	262	411	471	374	1,519
’23	246	403	386	264	1,299
’22	206	384	386	372	1,348
’21	175	290	326	334	1,124
’20	156	182	237	243	818

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	125	—	—	—
’25	(19)	130	28	170	309
’24	(39)	155	49	163	328
’23	(53)	92	218	178	435
’22	(23)	71	88	234	370
’21	(23)	99	138	134	349
’20	49	19	71	117	257

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(90)	72	—	—	—
’25	(104)	76	(20)	98	50
’24	(133)	114	3	107	91
’23	(132)	36	218	108	229
’22	(101)	25	45	184	152
’21	(82)	64	70	95	147
’20	(18)	0	44	75	100

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.28	0.13	—	—	—
’25	0.18	(0.18)	0.07	(0.15)	(0.08)
’24	0.45	0.09	0.19	0.16	0.90
’23	0.20	0.43	0.71	0.77	2.11
’22	0.57	0.17	0.21	0.03	0.98
’21	0.16	0.14	0.32	0.53	1.13
’20	(0.47)	(0.10)	0.17	0.41	0.00

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.38	8.33	6.40	5.29	3.31	6.78	6.95	7.34	8.72	6.89	Analyst estimates 2026–2028 Powerpack
	High	13.42	13.29	10.63	8.70	8.52	11.77	13.55	12.51	12.08	11.79
People
People	Employees	8,326	7,790	7,743	8,237	8,716	9,104	9,776	9,762	10,320	10,283
	Revenue/emp, $m	0.10	0.12	0.10	0.11	0.09	0.12	0.14	0.13	0.15	0.14
Income, $m
Income, $m	Revenue	869	933	793	887	818	1,124	1,348	1,299	1,519	1,428
	Gross margin, %	35.69	25.56	25.03	32.28	41.03	43.07	34.55	31.98	28.63	24.60
	EBT	13	10	(24)	21	13	175	135	305	35	(7)
	EBT margin, %	1.51	1.07	(3.06)	2.39	1.64	15.52	10.04	23.51	2.31	(0.49)
	Net income	4	15	(23)	0	1	131	109	227	92	(7)
	Depreciation	128	151	154	220	183	218	254	274	304	271
Per share, $
Per share, $	Revenue	7.16	7.74	6.80	7.57	6.96	9.76	12.24	12.13	14.80	13.98
	Earnings	0.02	0.12	(0.21)	(0.01)	0.00	1.14	0.98	2.11	0.90	(0.08)
	Cash flow	2.10	1.97	1.87	2.75	2.19	3.03	3.36	4.06	3.20	3.02
	Capex	(1.10)	(1.65)	(1.57)	(2.20)	(1.34)	(1.75)	(1.98)	(1.92)	(2.32)	(2.53)
	Free cash flow	1.01	0.31	0.31	0.55	0.85	1.27	1.38	2.14	0.88	0.49
	Book value	5.53	5.66	9.50	8.78	8.21	9.10	10.57	11.82	13.72	17.56
	Shares, m	121	121	117	117	117	115	110	107	103	102
Valuation, ×
Valuation, ×	P/E	1,095.00	129.25	0.00	0.00	680.00	6.68	7.63	5.14	10.60	0.00
	P/S	1.53	1.34	1.02	1.11	0.98	0.79	0.62	0.90	0.64	0.57
	P/B	1.98	1.83	0.73	0.95	0.83	0.84	0.71	0.92	0.69	0.45
	EV/Sales	2.07	1.92	1.76	1.87	1.75	1.34	1.12	1.27	0.98	1.35
	EV/FCF	14.74	47.72	39.07	25.67	14.39	10.23	9.90	7.23	16.40	38.43
Cash, $m
Cash, $m	Operating cash flow	255	237	219	322	257	349	370	435	328	309
	Capex	(133)	(200)	(183)	(258)	(157)	(202)	(218)	(206)	(238)	(258)
	Free cash flow	122	38	36	65	100	147	152	229	91	50
Balance, $m
Balance, $m	Working capital	236	407	383	285	407	404	412	562	615	393
	Total debt	635	818	862	968	971	818	1,008	905	780	1,593
	Net debt	473	544	582	677	635	617	678	489	518	1,119
	Shareholders’ equity	672	683	1,108	1,029	964	1,048	1,164	1,266	1,408	1,792
Returns, %
Returns, %	ROA	0.15	0.85	(1.26)	(0.03)	0.02	5.16	3.80	7.21	2.94	(0.20)
	ROIC	9.31	6.60	5.79	4.45	7.39	10.44	8.48	8.61	5.92	2.02
	ROE	0.34	1.95	(2.75)	(0.07)	0.04	12.99	9.78	18.63	6.91	(0.52)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CALM Cal-Maine Foods, Inc.	$3.0B	51.1×	19.7×	−41.51% (below 0%: shrinking)	n/m	−154.84% (below 0%: shrinking)	0.07%	(15.23%)	Compare
IBA Industrias Bachoco, S.A. de C.V.	$2.5B	11.9×	8.8×	+6.31% (above 0%: growing)	−53.24% (below 0%: shrinking)	+146.11% (above 0%: growing)	18.30%	9.63%	Compare
AGRO Adecoagro S.A.	$1.5B	30.4×	2.6×	+38.98% (above 0%: growing)	n/m	−5.56% (below 0%: shrinking)	32.92%	17.32%
DMC Del Monte Corporation	$1.4B	41.1×	17.0×	+3.10% (above 0%: growing)	−62.18% (below 0%: shrinking)	−70.03% (below 0%: shrinking)	9.95%	2.75%	Compare
DOLE Dole PLC	$1.3B	21.5×	10.2×	+2.92% (above 0%: growing)	+170.00% (above 0%: growing)	−218.11% (below 0%: shrinking)	7.81%	1.90%	Compare
VITL Vital Farms, Inc.	$367.1M	— (loss-making)	— (loss-making)	−10.14% (below 0%: shrinking)	n/m	−521.68% (below 0%: shrinking)	6.58%	(24.18%)	Compare
LND Brasilagro Cia Brasileira De Propriedades Agricolas	$356.6M	1,385×	7.5×	−17.41% (below 0%: shrinking)	n/m	+30.61% (above 0%: growing)	16.11%	13.32%	Compare
AFRI Forafric Global PLC	$319.5M	— (loss-making)	—	—	n/m	−1,812.63% (below 0%: shrinking)	9.61%	0.00%	Compare
VFF Village Farms International, Inc.	$317.9M	13.3×	14.6×	+6.81% (above 0%: growing)	−75.00% (below 0%: shrinking)	−87.98% (below 0%: shrinking)	46.85%	17.45%	Compare
Median of peers	$818.5M	31.3×	12.4×	+2.92%	−57.71%	−121.41%	9.78%	2.33%

All 25 Farm Products stocks →

Adecoagro S.A. (AGRO) key facts

Concern: Adecoagro S.A.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 6.00% from fiscal 2024.
Adecoagro S.A. (AGRO) is a Farm Products company in the Consumer Defensive sector, listed on the New York Stock Exchange.
As of October 16, 2026, AGRO traded at $10.03, a market capitalization of $1.5 billion.
Adecoagro S.A. does not currently pay a dividend.
Return on equity was −0.52% and debt-to-equity 1.07.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 0.70 (distress zone) for fiscal 2025.