Adecoagro S.A. income statement AGRO

Annual Quarterly

In fiscal 2024, which ended Dec 31, 2024, Adecoagro S.A. reported revenue of $1.5 billion, up 16.9% from the year before. Net income was $92.1 million, a profit margin of 6.1%. Operating income came to $182.3 million, an operating margin of 12.0%. Diluted earnings per share were $0.90. Across the 8 fiscal years shown, revenue grew from $933.2 million in fiscal 2017 to $1.5 billion in fiscal 2024, about 7.2% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017
Revenue	1,519 +16.9%	1,299 -3.6%	1,348 +19.9%	1,124 +37.5%	818 -7.8%	887 +11.8%	793 -15.0%	933
Cost of revenue	1,199 +23.2%	973 -9.5%	1,076 +25.8%	855 +39.7%	612 -8.8%	671 +10.0%	610 -20.4%	767
Gross profit	435 +4.7%	415 -10.8%	466 -3.8%	484 +44.3%	336 +17.2%	286 +44.2%	199 -16.8%	239
Selling, general and administrative	257 +29.1%	199 -12.5%	228 +21.5%	187 +26.2%	148 -9.6%	164 +12.2%	146 -4.2%	153
Operating income	182 -24.5%	242 -3.3%	250 -10.2%	278 +47.1%	189 +55.7%	121 -22.4%	156 +20.8%	130
Pretax income	35 -88.5%	305 +125.6%	135 -22.5%	175 +1203.1%	13 -36.7%	21 +187.2%	-24 -343.0%	10
Income tax	-57 -172.5%	79 +194.0%	27 -39.0%	44 +255.7%	12 -40.8%	21 +2133.2%	-1 +79.5%	-5
Net income	92 -59.4%	227 +108.8%	109 -16.9%	131 +12116.5%	1 +212.9%	0 +101.5%	-23 -255.1%	15
Basic EPS	0.90 -57.4%	2.11 +115.2%	0.98 -13.5%	1.14 +37733.3%	0.00 +142.9%	-0.01 +96.7%	-0.21 -293.6%	0.11
Diluted EPS	0.90 -57.4%	2.10 +115.0%	0.98 -13.4%	1.13 +37566.7%	0.00 +142.9%	-0.01 +96.7%	-0.21 -295.4%	0.11
Weighted average shares, basic	103 -4.2%	107 -2.7%	110 -4.4%	115 -2.0%	117 +0.2%	117 +0.5%	117 -3.3%	121
Weighted average shares, diluted	103 -4.1%	107 -2.7%	110 -4.5%	116 -1.8%	118 -0.2%	118 +0.1%	118 -3.6%	122
Other measures
Depreciation and amortization	189 +19.7%	158 +1.5%	156 +15.8%	135 +17.5%	114 -18.7%	141 +10.3%	128 +0.3%	127
EBITDA	371 -7.0%	400 -1.5%	406 -1.7%	413 +35.9%	303 +15.8%	262 -7.7%	284 +10.6%	257
Interest coverage	4.46x	7.57x	4.99x	4.45x	3.24x	2.02x	3.31x	2.48x
Margins
Gross margin	28.63%	31.98%	34.55%	43.07%	41.03%	32.28%	25.03%	25.56%
Operating margin	12.00%	18.60%	18.53%	24.73%	23.12%	13.68%	19.73%	13.89%
Pretax margin	2.31%	23.51%	10.04%	15.52%	1.64%	2.39%	-3.06%	1.07%
Profit margin	6.06%	17.46%	8.06%	11.63%	0.13%	0.04%	-2.93%	1.60%
EBITDA margin	24.46%	30.77%	30.09%	36.69%	37.11%	29.55%	35.81%	27.52%
Effective tax rate	-162.50%	25.76%	19.77%	25.11%	92.01%	98.38%	—	-50.01%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry: Agricultural Production-Crops (SIC 0100)
Listed as: AGRO (NYSE)
Fiscal year ends: December 31
Headquarters: N/A, Luxembourg
SEC filer status: Accelerated filer
SEC CIK: 1499505

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.