Adecoagro Posts Record $471.8 Million Nine-Month EBITDA

Adecoagro reported a record $471.8 million in adjusted EBITDA for the first nine months of 2026, supported by strong fertilizer sales, improved dairy results and better sugarcane productivity. Its third-quarter earnings per share were $0.19, below the $0.40 analyst consensus. Adjusted net income declined year over year in both the quarter and nine-month period, as higher interest costs tied partly to the fertilizer-business acquisition and higher income taxes weighed on results. Pro forma net debt was 3.2 times adjusted EBITDA, with the company expecting improved results to support further deleveraging. The company’s reported results also reflect its acquisitions of Profertil and Caarapó Mill.