Adecoagro (AGRO) Registration Filing summary

Company overview and business model

• Leading South American agro-industrial group with operations in Argentina, Brazil, and Uruguay, producing crops, rice, raw milk, sugarcane, and value-added products like sugar, ethanol, and dairy.

• Business model emphasizes low-cost production, geographic and product diversification, vertical integration, land transformation, and sustainable practices.

• Recent strategic focus includes the acquisition of Profertil S.A., a major urea producer, to expand and diversify the revenue base.

Financial performance and metrics

• As of September 30, 2025, pro forma total assets would be $5.17 billion and total capitalization $3.24 billion after the Profertil acquisition.

• Pro forma consolidated revenue for the year ended December 31, 2024, would be $2.19 billion, with pro forma net profit of $289 million.

• For the nine months ended September 30, 2025, pro forma revenue would be $1.46 billion, with net profit of $50 million.

• The acquisition is expected to increase property, plant, and equipment by $813.8 million and goodwill by $137.3 million.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including payment of installments for the Profertil acquisition.

• Management retains broad discretion over allocation based on operational needs and growth plans.