Adecoagro S.A. announced a new two‑tranche cash dividend, with the first installment scheduled for May 19, 2026 and the second in November 2026. Each tranche will be equal in amount, totaling $17.5 million for the first payment and $0.12126801 per share.
The dividend is the first under Adecoagro’s new policy and signals confidence in the company’s cash‑flow generation after the December 2025 acquisition of a 90% stake in Profertil S.A. for approximately $1.1 billion. The acquisition added 1.3 million tons of urea capacity and 60 % of Argentina’s domestic demand, reshaping the company’s scale and debt profile while improving earnings quality.
Full‑year 2025 Adjusted EBITDA fell 37.7 % to $276.7 million, but pro‑forma Adjusted EBITDA—including Profertil operations—was $467.2 million, reflecting the impact of the acquisition. The company posted a net loss in 2025, yet management projects a recovery in 2026, with expectations of normalized performance from the Fertilizers segment and a doubling of cash generation.
The dividend follows a prior October 2025 payment of $0.1749 per share, maintaining Adecoagro’s tradition of two dividends annually. Equal‑amount tranches demonstrate the company’s intent to provide steady returns while preserving flexibility for reinvestment.
The move aligns with Adecoagro’s broader strategy of growth and deleveraging. By returning cash to shareholders, the company balances the increased debt from the Profertil purchase with a commitment to shareholder value, positioning itself to benefit from expected higher urea and ethanol prices in 2026.
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