Adecoagro Reports Record 9-Month Adjusted EBITDA Amid Fertilizer Growth and Strategic Acquisitions
Adecoagro (AGRO) reported record financial results for the first nine months of 2026, achieving an all-time high adjusted EBITDA of $471.8 million, a 24.8% increase year-over-year. This growth was primarily driven by strong performance in its fertilizer operations and increased urea sales volumes, which rose 10.2% to 873,000 tons. While gross sales for the nine-month period reached $1.5 billion, adjusted net income fell 56.6% to $32.6 million due to higher interest expenses and taxes related to recent acquisitions. The company recently completed a $136 million cash acquisition of Caarap3 to expand its fertilizer business. Management expects net leverage to decline from 3.2x to approximately 2.5x by the end of 2026 as they manage the debt incurred for these strategic expansions.
Tickers: $AGRO
Topics: Acquisition EBITDA Gross Sales Net Debt Sugar and Ethanol Urea Production
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