Ag Growth International Q3 Earnings Call Highlights

12 hours ago 2

MarketBeat

Fri, January 9, 2026 astatine 9:18 AM CST 7 min read

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AGI reported Q3 consolidated gross of CAD 389 million (up 9% y/y) and adjusted EBITDA of CAD 71 million (up 4%), portion adjusted EBITDA borderline fell to 18.2% (down ~100 bps) owed to a premix displacement toward commercialized projects.
Third-quarter filings were delayed aft an interior reappraisal uncovered a material weakness successful Brazil's interior controls implicit fiscal reporting; absorption said nary restatement is required and remediation (including enhanced controls and training) is underway but not yet complete.
The commercialized segment—led by Brazil—remains the main maturation operator with an bid publication of astir CAD 667 million that is implicit 90% commercial; AGI is monetizing Brazilian task receivables via an concern money to easiness moving superior (net indebtedness leverage was 3.9x) and expects affirmative escaped currency travel erstwhile the money is afloat operational successful 2026.
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Ag Growth International (TSE:AFN) reported third-quarter 2025 results showing year-over-year maturation successful gross and adjusted EBITDA, portion absorption besides addressed a filing hold tied to accounting and interior power matters successful Brazil and outlined steps to remediate a related worldly weakness successful interior power implicit fiscal reporting.

For the quarter, AGI posted consolidated gross of CAD 389 million, up 9% twelvemonth implicit year. Adjusted EBITDA was CAD 71 million, a 4% summation from the anterior year. Adjusted EBITDA borderline was 18.2%, down astir 100 ground points from past year, which absorption said was chiefly owed to premix shifting toward commercialized projects.

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CEO Paul Householder described the 4th arsenic “solid” contempt challenging marketplace conditions, peculiarly successful North American workplace equipment. Management said the commercialized segment—especially internationally—remained beardown and reflected advancement from multi-year strategical initiatives focused connected profitable integrated growth, operational excellence, and equilibrium expanse discipline.

Management said AGI’s third-quarter filings were delayed due to the fact that the institution required further clip to “confirm and finalize the accounting treatment” of operations successful Brazil aft interior channels identified fiscal reporting and interior power matters requiring further evaluation. Householder added that, implicit a abbreviated period, AGI launched a caller concern model, secured respective ample projects, and formed an concern money to enactment existent and aboriginal projects—steps that improved profitable maturation but accrued complexity for fiscal reporting and audit review.