Adecoagro S.A. (AGRO) Income Statement
AGRO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAGRO revenue and net income
Where AGRO's revenue goes
2025Each bar shows an amount and its share of revenue. AGRO kept −0.6% of revenue as net income.
AGRO profit margins
AGRO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.0% | +1.9% | +11.8% | +7.8% |
| Gross profit | −19.2% | −9.0% | +0.9% | +4.8% |
| Operating income | −63.6% | −35.7% | −18.9% | −6.5% |
| Net income | −109.0% | — | — | — |
| EPS (diluted) | −104.5% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AGRO quarterly EPS vs estimates
Adecoagro beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 10, 2026.
AGRO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.52B | $1.30B | $1.35B | $1.12B | $817.8M | $887.1M | $793.2M | $933.2M | $869.2M |
| Cost of revenue | $1.08B | $1.08B | $883.5M | $882.1M | $640.1M | $482.2M | $600.8M | $594.7M | $694.7M | $559.0M |
| Gross profit | $351.3M | $434.8M | $415.4M | $465.6M | $484.2M | $335.6M | $286.4M | $198.6M | $238.5M | $310.3M |
| Sales, general & admin | $189.7M | $172.1M | $143.1M | $157.9M | $187.5M | $131.1M | $148.1M | $43.5M | $152.7M | $131.4M |
| Total operating expenses | $284.8M | $252.5M | $173.8M | $215.8M | $206.2M | $146.5M | $165.0M | $42.1M | $156.8M | $133.6M |
| Operating income | $66.4M | $182.3M | $241.6M | $249.8M | $278.0M | $189.1M | $121.4M | $156.5M | $125.3M | $170.5M |
| Interest income | $27.0M | $16.0M | $4.8M | $5.8M | $36.7M | $4.1M | $7.3M | $7.9M | $11.2M | $7.7M |
| Interest expense | $111.1M | $73.8M | $53.2M | $81.2M | $82.8M | $75.6M | $74.2M | $58.2M | $68.2M | $52.7M |
| Income before taxes | −$6.9M | $35.1M | $305.4M | $135.4M | $174.6M | $13.4M | $21.2M | −$24.3M | $5.7M | $13.1M |
| Income taxes | −$174,000 | −$57.0M | $78.7M | $26.8M | $43.8M | $12.3M | $20.8M | −$1.0M | −$6.1M | $9.4M |
| Net income | −$8.3M | $92.3M | $226.3M | $108.1M | $130.7M | $412,000 | −$772,000 | −$24.6M | $10.0M | $2.0M |
| EBITDA | $299.0M | $412.9M | $651.6M | $470.9M | $484.6M | $266.9M | $310.4M | $188.2M | $224.9M | $193.3M |
| EPS (diluted) | −$0.04 | $0.89 | $1.62 | $1.33 | $1.15 | $0.51 | −$0.13 | $0.64 | $0.09 | $0.01 |
| Gross margin | 24.6% | 28.6% | 32.0% | 34.5% | 43.1% | 41.0% | 32.3% | 25.0% | 25.6% | 35.7% |
| Operating margin | 4.7% | 12.0% | 18.6% | 18.5% | 24.7% | 23.1% | 13.7% | 19.7% | 13.4% | 19.6% |
| Net margin | −0.6% | 6.1% | 17.4% | 8.0% | 11.6% | 0.1% | −0.1% | −3.1% | 1.1% | 0.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $531.0M | $398.7M | $415.9M | $304.2M | $382.1M | $325.5M | $374.2M | $471.5M | $411.4M | $263.9M | $263.9M | $385.8M |
| Cost of revenue | $357.8M | $280.1M | $337.1M | $197.4M | $307.5M | $251.5M | $285.1M | $353.3M | $294.4M | $229.4M | $245.7M | $256.2M |
| Gross profit | $173.2M | $118.6M | $78.8M | $106.8M | $74.6M | $74.1M | $89.1M | $118.2M | $117.0M | $34.5M | $18.3M | $129.6M |
| Sales, general & admin | $39.1M | $59.0M | $51.5M | $19.0M | $38.7M | $46.4M | $22.4M | $70.9M | $33.2M | $8.1M | $21.9M | $59.5M |
| Total operating expenses | $81.2M | $90.7M | $81.9M | $49.9M | $68.9M | $70.4M | $41.6M | $88.5M | $51.7M | −$4.0M | $95.7M | $61.4M |
| Operating income | $92.0M | $27.9M | −$3.1M | $56.9M | $5.7M | $3.6M | $47.5M | $29.7M | $65.3M | $38.5M | $20.9M | $68.1M |
| Interest income | $8.8M | $9.1M | $17.7M | — | $7.0M | $337,000 | $6.9M | $4.1M | — | $2.8M | $3.8M | $29.9M |
| Interest expense | $50.8M | $36.6M | $48.0M | $49.8M | $22.7M | $21.5M | $17.2M | $3.0M | $85.8M | $11.0M | $8.6M | $26.4M |
| Income before taxes | $34.7M | $71.9M | −$13.0M | $6.4M | −$15.7M | $15.5M | −$857,000 | $23.3M | −$47.6M | $109.1M | $109.1M | $89.0M |
| Income taxes | $9.4M | $28.1M | $1.8M | −$63,000 | $1.3M | −$3.2M | −$17.0M | $4.5M | −$57.4M | $26.9M | $26.9M | $13.6M |
| Net income | $18.2M | $40.1M | −$14.8M | $6.5M | −$17.6M | $18.1M | $16.4M | $19.1M | $9.5M | $82.5M | $82.5M | $75.4M |
| EBITDA | $196.2M | $181.4M | $63.8M | $139.5M | $81.5M | $83.5M | $36.2M | $107.8M | $134.4M | $176.9M | $65.7M | $204.8M |
| EPS (diluted) | $0.13 | $0.28 | −$0.15 | $0.07 | −$0.14 | $0.18 | $0.16 | $0.19 | $0.09 | $0.45 | $0.16 | $0.83 |
| Gross margin | 32.6% | 29.7% | 19.0% | 35.1% | 19.5% | 22.8% | 23.8% | 25.1% | 28.4% | 13.1% | 6.9% | 33.6% |
| Operating margin | 17.3% | 7.0% | −0.7% | 18.7% | 1.5% | 1.1% | 12.7% | 6.3% | 15.9% | 14.6% | 7.9% | 17.7% |
| Net margin | 3.4% | 10.1% | −3.6% | 2.1% | −4.6% | 5.6% | 4.4% | 4.0% | 2.3% | 31.3% | 31.3% | 19.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AGRO's financial statements (latest annual report filed April 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AGRO financial results
In fiscal year 2025 (ended December 31, 2025), Adecoagro reported revenue of $1.4 billion, down 6.0% from the year before. It had a net loss of $8.3 million, a net profit margin of −0.6%. Diluted earnings per share came to −$0.04. Over five years revenue grew at an average rate of 11.8% a year.
See the AGRO stock overview for the latest quote and news, or the AGRO chart for price history and technical indicators.
AGRO income statement FAQ
What is Adecoagro's annual revenue?
Adecoagro reported total revenue of $1.4 billion for fiscal year 2025, which ended on December 31, 2025. That was down 6.0% from $1.5 billion the previous year.
Is Adecoagro profitable?
No. Adecoagro reported a net loss of $8.3 million in fiscal 2025, a net profit margin of −0.6%; its operating margin was 4.7%.
What is Adecoagro's gross margin?
Adecoagro's gross margin was 24.6% in fiscal 2025: for every $100 of revenue, Adecoagro kept $25 after the direct cost of its products and services.
How fast is Adecoagro growing?
Revenue grew 11.8% a year on average over the last five fiscal years, from $817.8 million to $1.4 billion.
What are Adecoagro's earnings per share?
Adecoagro earned $-0.04 per diluted share in fiscal 2025, compared with $0.89 a year earlier.
When will Adecoagro report its next earnings?
Adecoagro is expected to report results for the quarter ending September 30, 2026 on November 10, 2026.
When does Adecoagro's fiscal year end?
Adecoagro's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 29, 2026.