Business
AGI Announces Record Fourth Quarter 2024 Results, Provides 2025 Outlook, and Declares First Quarter 2025 Dividends
Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, ȁ...
About this update from Ag Growth International Inc.
[{"type":"text","content":"AGI Announces Record Fourth Quarter 2024 Results, Provides 2025 Outlook, and Declares First Quarter 2025 Dividends\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.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadl6 { padding-left: 30px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\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.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth15 { width: 15% }\n.bwwidth30 { width: 30% }\n.bwwidth39 { width: 39% }\n.bwwidth59 { width: 59% }\n.bwwidth60 { width: 60% }\n.bwwidth70 { width: 70% }\n.bwwidth80 { width: 80% }\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-months and year-ending December 31, 2024 and provided its outlook for 2025, in addition to declaring dividends for the first quarter of 2025.\n \n\n\n\n Fourth Quarter 2024 Highlights\n \n\n\n\n\n Revenue of $381 million was approximately flat on a year-over-year (“YOY”) basis\n \n\n Adjusted EBITDA\n \n 1\n \n of $78 million, up 7% from $73 million on a YOY basis, is a record fourth quarter result\n \n\n Adjusted EBITDA margin %\n \n 2\n \n of 20.5% increased by approximately 125 basis points vs 19.3% on a YOY basis\n \n\n Free cash flow\n \n 1\n \n increased by 62% to $79 million on a last twelve months (“LTM”) basis ending Dec 31, 2024, relative to the LTM period ending Dec 31, 2023\n \n\n Net debt leverage ratio\n \n 2\n \n of 3.1x at Dec 31, 2024 vs 3.1x at Sept 30, 2024 and 2.8x at Dec 31, 2023\n \n\n Repurchased 201,400 shares for cancellation under the Normal Course Issuer Bid at a cost of $11 million\n \n\n\n\n\n Full Year 2024 Highlights\n \n\n\n\n\n Revenue of $1,405 million was down 8% from $1,527 million on a year-o...