Adjusted EBITDA reached $55.4 million in 2Q25. Leveraging on our production and commercial flexibility to mitigate lower global prices across our businesses

About this update from Adecoagro S.a.

[{"type":"text","content":"LUXEMBOURG, Aug. 18, 2025 /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO, Bloomberg: AGRO US, Reuters: AGRO.K), a leading sustainable production company in South America, announced today its results for the second quarter ended June 30, 2025. The financial information contained in this press release is based on consolidated interim financial statements presented in US dollars and prepared in accordance with International Financial Reporting Standards (IFRS) except for Non - IFRS measures. Please refer to page 24 for a definition and reconciliation to IFRS of the Non - IFRS measures used in this earnings release.","length":615,"tagName":"p"},{"type":"text","content":"Main highlights for the period:","length":31,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"During 2Q25, gross sales were down 1.4% year-over-year on lower prices for most of our products. On an accumulated basis, sales were 9.9% higher versus the same period last year driven by higher volumes sold across all segments - particularly ethanol, reflecting the success of our commercial strategy to clear out inventories at favorable prices.","length":347,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA was 60.5% and 60.3% lower year-over-year during 2Q25 and 6M25, respectively. The decline was driven by year-over-year losses in the mark-to-market of our biological assets in our Sugar, Ethanol & Energy business mainly due to lower quantity of harvested cane, as well as in our Rice operations on lower prices and in Crops on pressured margins. Furthermore, results were also negatively impacted by higher costs in U.S. dollar terms across our Farming operations, together with higher corporate expenses due to one-off expenses related to Tether's tender offer for our common shares.","length":607,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Debt/LTM Adj. EBITDA stood at 2.3x on lower consolidated results.","length":69,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1023,"olType":false},{"type":"text","content":"Sugar, Ethanol & Energy business:","length":37,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Adjusted EBITDA in the SE&E business reached $68.1 million and $98.0 million during 2Q25 and 6M25, 36.3% and 38.3% lower year-over-year respectively. (+) Higher net sales driv...

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