Wedoany.com Report on Mar 17th, Sustainable producer Adecoagro S.A. in South America announced its annual results for the year ending December 31, 2025. Financial data shows the company's adjusted EBITDA for 2025 was $276.7 million, while the pro forma adjusted EBITDA reached $467.2 million, primarily benefiting from the strategic acquisition of Profertil. Through this move, Adecoagro S.A. expanded its fertilizer business and strengthened its position in the South American market.
In December 2025, Adecoagro S.A. acquired approximately 90% of the equity of Profertil S.A. for about $1.1 billion. Profertil is a leading urea producer in Argentina, with an annual production capacity of 1.3 million tons, supplying around 60% of Argentina's urea demand and benefiting from stable natural gas supply. The acquisition was financed through a combination of equity issuance, debt, and cash, including the issuance of 42 million shares raising approximately $300 million. Post-acquisition, Adecoagro S.A. was restructured into three business segments: Sugar, Ethanol & Energy; Fertilizers; and Food & Agriculture, to optimize the management structure.
By segment, the Sugar, Ethanol & Energy division reported adjusted EBITDA of $291.5 million for 2025, a year-on-year decrease of 19.9%, mainly affected by lower commodity prices and reduced crushing volumes. The Fertilizer business, since its acquisition, reported adjusted EBITDA of $6.1 million, with a pro forma full-year figure of $196.5 million, lower than 2024, partly due to the plant being non-operational for 91 days. The Agriculture business reported adjusted EBITDA of $17.8 million for 2025, a year-on-year decrease of 82.7%, impacted by productivity fluctuations and rising costs.
Looking ahead, Adecoagro S.A. expects the Fertilizer business to recover in 2026 due to full-year operations, and the Sugar, Ethanol & Energy division's crushing volume is expected to achieve low double-digit growth. The company will continue to optimize its Agriculture business by adjusting planting acreage and product mix to improve margins.
