Gabriel Barra
Analyst, Seed
Replay available
Adecoagro S.A. (LSE: 0DWL) Q4 2025 earnings conference call, held 2026-03-17. Replay captured from the company's public earnings webcast.

Analyst, Seed
Analyst, Bank of America
Analyst, JP Morgan
Analyst, UBS
Analyst, Morgan Stanley
VP, Sugar, Ethanol and Energy
CEO
CFO
Analyst, BTG Pactual
Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to ADECO Agro's 2025 Results Conference Call. Today with us, we have Mr. Mariana Bosch, CEO, Mr. Emilio Neco, CFO, Mr. Renato Junqueira Pereira, Sugar, Ethanol and Energy VP, and Ms. Victoria Cabello, Investor Relations Officer. We would like to inform you that this event is being recorded and all participants will be in listen-on mode during the company's presentation. After the company's remarks are completed, there will be a question and answer section. At that time, further instructions will be given. Before proceeding, let me mention that forward-looking statements are based on the beliefs and assumptions of ADECO Agro's management and on information currently available to the company. They involve risks, uncertainties and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions and other operating factors could also affect the future results of ADECO Agro and could cause results to differ maturely from those expressed in such forward-looking statements. Now, I will turn the conference over to Mr. Marliano Bosch, CEO. Mr. Bosch, you may begin your conference. Good morning and thank you for joining ADECOagro's 2025 results conference. Today we are presenting a larger, further diversified and more resilient ADECOagro, but with the same DNA, being the lowest cost producer. Upon acquiring Profertil, we became the largest producer of urea in South America, This new operation marked a transformational milestone for us as it broadened our production capabilities, more than doubled our cash generation, and redu...