Business
AGI Announces First Quarter 2025 Results and Reiterates Full Year Outlook
Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, ȁ...
About this update from Ag Growth International Inc.
[{"type":"text","content":"AGI Announces First Quarter 2025 Results and Reiterates Full Year Outlook\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwnowrap { white-space: nowrap }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl2 { padding-left: 10px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth11 { width: 11% }\n.bwwidth12 { width: 12% }\n.bwwidth13 { width: 13% }\n.bwwidth23 { width: 23% }\n.bwwidth52 { width: 52% }\n.bwwidth54 { width: 54% }\n.bwwidth57 { width: 57% }\n.bwwidth58 { width: 58% }\n.bwwidth61 { width: 61% }\n.bwwidth73 { width: 73% }\n.bwwidth9 { width: 9% }\n \n\n\n\n Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, “we” or “our”) today announced its financial results for the three-month period ending March 31, 2025 and reiterated its previously stated outlook for full year 2025 Adjusted EBITDA.\n \n\n\n\n First Quarter 2025 Highlights\n \n\n\n\n\n Revenue of $287 million was down 9% on a year-over-year (“YOY”) basis\n \n\n Adjusted EBITDA\n \n 1\n \n of $31 million, above the $25-$30 million outlook provided by AGI\n \n\n Adjusted EBITDA margin %\n \n 2\n \n of 10.9% was lower on a YOY basis due to a segment mix with a higher weighting of Commercial segment revenue relative to Farm\n \n\n Free cash flow\n \n 1\n \n of $41 million on a last twelve months (“LTM”) basis ending March 31, 2025\n \n\n Net debt leverage ratio\n \n 2\n \n of 3.6x at March 31, 2025 vs 3.1x at December 31, 2024\n \n\n Repurchased 224,900 shares for cancellation under the Normal Course Issuer Bid at a cost of $9 million\n \n\n\n\n\n 2025 Outlook\n \n\n\n\n\n Adjusted EBITDA guidance for the full year 2025 remains consistent with expectations ...