Ceres Global (CRP) Q3 2025 earnings summary

Executive summary

• Q3 net income was $1.6 million, up from $985,000 year-over-year, with revenue rising to $215 million despite tariff-driven volatility and macroeconomic challenges.

• Focused on local demand for soybean meal and oil, with the Jordan Crush plant operating near capacity.

• Tom Coyle appointed Interim President and CEO effective January 1, 2025.

Financial highlights

• Q3 revenue rose 1.3% to $215 million; gross profit was $6.2 million, down from $7.8 million.

• Q3 net income was $1.6 million ($0.05/share), up from $985,000 ($0.03/share) last year.

• Adjusted EBITDA for Q3 was $4.1 million, nearly flat year-over-year; adjusted net income was $1.6 million, up from $991,000.

• For the nine months ended March 31, 2025, revenue was $710.5 million, up from $637 million year-over-year.

• Year-to-date net income was $3 million ($0.10/share), down from $9.9 million ($0.32/share) last year.

Outlook and guidance

• Tariffs and global trade relations, especially with China, will remain key risks and focus areas.

• Expect supply chain services volumes to rebound in Q4, maintaining record pace for the fiscal year.

• Company is proactively positioning to mitigate trade risks and capitalize on market opportunities during planting season.

• Monitoring crop conditions and acreage decisions for the 2025 planting season.

• Ongoing market volatility from geopolitical conflicts and currency fluctuations anticipated.