- Consolidated Adjusted EBITDA: $103 million for Q4 2024; $444 million for the full year 2024.
- Gross Sales: $368 million for Q4 2024; nearly $1.5 billion for the full year 2024.
- Net Cash from Operations: $161 million in 2024.
- Sugar, Ethanol and Energy Crushing Volume: 12.8 million tons in 2024, a record for the mills.
- Net Sales for Sugar, Ethanol and Energy: $178 million for Q4 2024; $680 million for the full year 2024.
- Adjusted EBITDA for Sugar, Ethanol and Energy: $105 million for Q4 2024; $364 million for the full year 2024.
- Adjusted EBITDA for Farming Business: $4 million for Q4 2024; $103 million for the full year 2024.
- Adjusted EBITDA for Rice Segment: $50 million for the full year 2024.
- Adjusted EBITDA for Dairy Segment: $8 million for Q4 2024; $34 million for the full year 2024.
- Distribution to Shareholders: $102 million in 2024, including dividends and share buybacks.
- Net Debt: $522 million, in line with the previous year.
- Liquidity Ratio: 4.5 times.
- Net Leverage Ratio: 1.2 times.
- Expansion CapEx: $104 million in 2024.
Positive Points
- Adecoagro SA (NYSE:AGRO) achieved a consolidated adjusted EBITDA of $103 million in the fourth quarter and $444 million for the full year 2024, marking an 8% year-over-year increase.
- The company reported record results in its Rice and Dairy segments, driven by investments in production and asset consolidation.
- Adecoagro SA (NYSE:AGRO) set new records in its Sugar, Ethanol, and Energy business, achieving a new crushing record and maximizing sugar production.
- The company distributed $102 million in dividends and share buybacks in 2024, exceeding its distribution policy by $32 million without compromising debt commitments or growth projects.
- Adecoagro SA (NYSE:AGRO) generated $161 million in net cash from operations in 2024, demonstrating strong cash generation across its businesses despite challenges.
Negative Points
- The company faced a year-over-year loss in the mark-to-market of its biological assets in the Sugar, Ethanol, and Energy business.
- Net sales in the Sugar, Ethanol, and Energy business decreased by 22% year-over-year during the fourth quarter.
- The Crops segment reported a negative adjusted EBITDA of $3 million in the fourth quarter, impacted by lower international prices and higher costs.
- The company experienced lower-than-expected corn yields due to the impact of spiroplasma.
- Adecoagro SA (NYSE:AGRO) faced challenges with dry weather conditions, which affected sugarcane yields and required strategic management of sugarcane harvesting.
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Disclaimer
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