Adecoagro SA (LTS:0DWL)

Q1 2026 Adecoagro SA Earnings Call Transcript

May 12, 2026 / 01:00 PM GMT

Release Date Price: $12.87 (-4.38%)

Transcript

Key Points

Positve

Adecoagro SA (AGRO) reported a significant increase in adjusted EBITDA, reaching $86 million, more than doubling the previous year's level.
The company achieved a new first-quarter crushing record of 2.2 million tons of cane, reflecting higher productivity.
The fertilizer segment showed a strong year-over-year recovery, with adjusted EBITDA reaching $53 million, supported by higher urea prices and increased production.
Adecoagro SA (AGRO) anticipates stronger earnings performance and higher cash generation in 2026, enabling faster deleveraging.
The company has a strong liquidity position and full capacity to repay short-term debt, with most indebtedness being long-term and well-aligned with revenue mix.

Negative

Production costs were negatively impacted by the appreciation of the Brazilian Real and accelerated agricultural expenses.
Lower sugar sales were reported due to weaker global prices and lower volumes sold.
Net debt increased to $1.6 billion in the first quarter of 2026, reflecting seasonal working capital requirements.
The food and agriculture segment was impacted by lower commodity prices and higher costs in US dollar terms.
The company faces challenges in expanding the fertilizer plant, with construction timelines of four to seven years, making it difficult to capitalize on current high fertilizer prices.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AGRO.N - Adecoagro SA
Q1 2026 Adecoagro SA Earnings Call
May 12, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and thank you for waiting.

At this time, we would like to welcome everyone to Adeco Agro's 2026 First Quarter Results Conference Call.

Today with us we have Mr. Mariano Bosch, CEO, Mr. Emilio Nieco, CFO, Mr. Renato Junqueira Pereira, Sugar, Ethanol and Energy VP, and Mrs. Victoria Cabello, Investor Relations Officer.

We would like to inform you that this event is being recorded and all participants will be in a listen-only mode during the company's presentation.

After the company's remarks are completed, there will be a question-and-answer section. At that time, further instructions will be given.

Before proceeding, let me mention that forward-looking statements are

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