Argentina's Bioceres Q4 revenue nearly flat, gross profit falls
Argentina's Bioceres Q4 revenue nearly flat, gross profit falls
Overview
Argentina ag productivity firm's fiscal Q4 revenue was nearly flat yr/yr at $55.9 mln
Gross profit declined 6% yr/yr, impacted by inventory obsolescence charges
Adjusted EBITDA improved to $0.6 mln, supported by lower operating expenses
Outlook
Company to focus on improving performance and cash generation in fiscal 2027
Bioceres plans further portfolio rationalization and operating efficiencies in the next phase
Company expects benefits from recent cost actions to support stronger profitability
Result Drivers
SEGMENT MIX - Crop Nutrition revenue grew 36%, offsetting declines in Crop Protection and the impact of Seeds business reconfiguration
INVENTORY OBSOLESCENCE - Gross profit was impacted by a $4.0 mln non-recurring inventory adjustment related to updated assessment of inventory obsolescence
COST REDUCTIONS - Operating expenses declined 19% in Q4, reflecting cost actions implemented during the year
Company press release: ID:nBw2CjcgYa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| $55.90 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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