Adecoagro S.a. balance sheet
At the end of fiscal 2025, Adecoagro S.a. had total assets of $5.25bn, total liabilities of $3.46bn and shareholders' equity of $1.66bn. It held $383m in cash against $1.59bn of debt: net debt of $1.21bn.
Balance sheet
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 199 | 159 | 269 | 274 | 290 | 336 | 200 | 231 | 340 | 211 | 383 |
| Receivables | — | 158 | 150 | 159 | 127 | 146 | 146 | 184 | 179 | 213 | 364 |
| Inventory | — | 112 | 109 | 128 | 113 | 133 | 240 | 274 | 256 | 290 | 306 |
| Total current assets | — | 568 | 689 | 661 | 649 | 767 | 762 | 1,023 | 1,056 | 1,015 | 1,419 |
| Goodwill | — | 13 | 12 | — | — | — | — | — | — | — | — |
| Total assets | — | 1,496 | 1,645 | 2,277 | 2,521 | 2,482 | 2,582 | 3,109 | 3,165 | 3,115 | 5,249 |
| Total current liabilities | — | 332 | 282 | 278 | 364 | 359 | 357 | 611 | 494 | 400 | 1,027 |
| Long-term debt | — | 430 | 663 | 718 | 780 | 813 | 705 | 728 | 698 | 680 | 1,380 |
| Total debt | 723 | 635 | 818 | 862 | 968 | 971 | 818 | 1,008 | 905 | 780 | 1,593 |
| Total liabilities | — | 784 | 962 | 1,169 | 1,492 | 1,519 | 1,535 | 1,945 | 1,899 | 1,707 | 3,457 |
| Shareholders' equity | 564 | 700 | 674 | 1,064 | 988 | 925 | 1,012 | 1,126 | 1,229 | 1,369 | 1,655 |
| Non-controlling interests and other (assets − liabilities − equity) | — | — | — | — | — | — | — | — | — | — | 137 |
| Net debt (negative = net cash) | 524 | 477 | 549 | 588 | 678 | 635 | 618 | 777 | 565 | 568 | 1,210 |
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