Adecoagro
Integrates South American farming with Brazilian sugarcane processing.
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Profile
Markets farm output, sugar, ethanol, electricity and fertilizer by linking agricultural production to industrial processing. Its operating base spans Argentina, Brazil and Uruguay, with fertilizer production dependent on medium-term natural-gas supply contracts.
Combines farming with industrial processing across Argentina, Brazil and Uruguay. The Farming line includes Crops, Rice and Dairy, while Brazilian sugarcane mills turn company-grown sugarcane into sugar, ethanol and energy. Fertilizers completes the current three-line operating structure.
Markets farm output, sugar, ethanol, electricity and fertilizer through assets that link agricultural production to processing, rather than through farmland ownership alone. Operations pair agricultural production in Argentina and Uruguay with a Brazilian sugarcane platform.
Control changed to Tether, while co-founder Mariano Bosch remained chief executive. Fertilizer production depends materially on natural-gas supply secured through medium-term contracts.
Company facts
Key statistics
Year to date +38.3% · Average volume (30d) 845.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | UBS | Reiterate | Buy | $8 | $13.20 | |
| Apr 15, 2026 | Citigroup | Downgrade | Buy | Neutral | ||
| Mar 30, 2026 | UBS | Upgrade | Neutral | Buy | ||
| Mar 17, 2026 | Morgan Stanley | Upgrade | Underweight | Equal Weight | ||
| Jan 9, 2026 | Truist Financial | Target | $9 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | $0.54 | $0.13 | −76.1% | $602.0M | $531.0M | −11.8% | −1.28% |
| May 11, 2026Q1 FY26 | $0.25 | −$0.24 | −196.8% | $408.9M | $398.7M | −2.5% | −3.11% |
| Mar 16, 2026Q4 FY25 | −$0.09 | −$0.18 | −107.8% | $372.0M | $415.9M | +11.8% | +14.22% |
| Nov 11, 2025Q3 FY25 | $0.06 | $0.26 | +334.6% | $376.1M | $304.2M | −19.1% | −3.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $325.5M | $382.1M | $304.2M | $415.9M | $398.7M | $531.0M | |
| Gross profit | $74.1M | $74.6M | $106.8M | $95.8M | $118.6M | $173.2M | |
| Operating income | $3.6M | $5.7M | $56.9M | $12.7M | $27.9M | $92.0M | |
| Net income | $18.1M | −$17.6M | $6.5M | −$15.4M | $40.1M | $18.2M | |
| Diluted EPS | $0.04 | −$0.04 | $0.01 | −$0.03 | $0.06 | $0.03 | |
| Gross margin | 22.8% | 19.5% | 35.1% | 23.0% | 29.7% | 32.6% | |
| Operating margin | 1.1% | 1.5% | 18.7% | 3.1% | 7.0% | 17.3% |
Fiscal years (4-quarter sums)FY21 $1.12B · FY22 $1.35B · FY23 $1.30B · FY24 $1.52B · FY25 $1.43B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $330.5M · Total debt $2.33B · Total assets $5.25B · Shareholders' equity $1.74B
Dividends
Raised for 3 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 4, 2026 | May 4 | May 19 | $0.1213 | cut from $0.1749 |
| Nov 3, 2025 | Nov 3 | Nov 19 | $0.1749 | cut from $0.175 |
| May 2, 2025 | May 2 | May 16 | $0.175 | raised from $0.174 |
| Nov 12, 2024 | Nov 12 | Nov 27 | $0.174 | raised from $0.1682 |
| May 13, 2024 | May 14 | May 29 | $0.1682 | raised from $0.1649 |
| Nov 8, 2023 | Nov 9 | Nov 24 | $0.1649 | raised from $0.1626 |
| May 8, 2023 | May 9 | May 24 | $0.1626 | raised from $0.16 |
| Nov 1, 2022 | Nov 2 | Nov 17 | $0.16 | raised from $0.157 |
Ownership
Shares outstanding 564.17M · Float 116.75M · 20.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Tether Global Investments Fund, S.I.C.A.F., S.A. | 105.88M | 74.80% | 13D | Mar 26, 2026 |
| Tether Investments Limited | 13.73M | 13.40% | 13D/A | Sep 20, 2024 |
| Citadel Advisors LLC | 1.30M | 0.23% | 13F | May 15, 2026 |
| Discovery Capital Management, LLC / CT | 1.27M | 0.23% | 13F | May 15, 2026 |
| Mariano Bosch · officer: Chief Executive Officer | 1.21M | 0.21% | Form 4 | Mar 20, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 21, 2026 | Christian Ferdinando Emilio Deprati | director | −1,163 | $13.03 |
| Apr 21, 2026 | Andres Eduardo Larriera | director | −1,163 | $13.03 |
| Apr 21, 2026 | Artigas Manuela Vaz | director | −1,163 | $13.03 |
| Apr 21, 2026 | Ivo Sarjanovic | director | −1,163 | $13.03 |
| Apr 21, 2026 | Dreyfus Kyril Robert Leonid Louis | director | −1,163 | $13.03 |
Peers
- Cresud (ADR)
Regional crops, dairy, cattle, and sugarcane operator
- BrasilAgro (ADR)
South American farming and sugarcane producer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Adecoagro | $10.76 | +0.28% | $6.06B | 165.2 | 5.5 | 3.7 | +39.0% |
| Cresud (ADR) | $11.17 | +0.99% | $717.5M | 5.7 | — | 1.1 | −1.7% |
| BrasilAgro (ADR) | $3.82 | −0.13% | $380.5M | — | — | 2.2 | −3.1% |
| Median | 5.7 | — | 1.7 | −2.4% |