Ag Growth Q1 FY26 loss before taxes widens to $(43.6) million; adjusted EBITDA drops 19% to $25 million

  • Ag Growth International first-quarter revenue slipped 2% to $282 million, while loss before income taxes widened to $43.6 million.
  • Adjusted EBITDA fell 19% to $25.2 million, with adjusted EBITDA margin narrowing 2 percentage points to 8.9% on lower Commercial volumes.
  • Net debt leverage ratio rose to 5.2x at March 31, 2026 from 4.7x at December 31, 2025, reflecting a typical first-quarter working-capital build.
  • About $105 million tied to long-term accounts receivable in Brazil was released from escrow post-quarter; roughly $55 million has been received, with proceeds earmarked for repayment of senior credit facilities.
  • Management lifted expected annualized cost savings to at least $30 million, targeted to be fully realized by fourth-quarter 2026, while order book fell 19% year over year to $589 million.


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