Bioceres Crop Solutions Corp. (BIOX) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Good morning and welcome everyone to PSRS Crop Solutions Fiscal Team. Chief Executive Officer Federico Trucco and our Chief Financial Officer Enrique Lopez Lecube, as well as our Chief Commercial Officer Milen Marinov, all of whom will be available for the Q&A session following the presentation. During this call, we will make forward-looking statements. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties. I refer you to the forward-looking statement section of the earnings release and presentation, as well as the recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed circumstances. Please note, in today's presentation, we'll be making references to certain non-GAAP financial measures. Reconciliations of the non-GAAP financial measures can be found in our earnings press release. This conference call is being webcast, and the webcast link is available at our investor relations website. It is now my pleasure to turn the call over to Federico. Thanks, Paula, and good morning to everyone. And welcome Milan Marinov, our chief commercial officer, on his first earnings call with us. Please turn to slide number three for an overview of this quarter's main highlights. Our third fiscal quarter is typically uneventful, as it falls in the off-season for most of our geographies. In the past two years, it stood out of the ordinary due to the accrual of portions of the $50 million upfront payment from Syngenta, which significantly improved the P&Ls of the quarter. This year, however, it stands out for a non-P&L achievement, which is our exceptional cash flow performance. We're very pleased to report a $40 million improvement for thi...