Adecoagro S.a. cash flow statement

In fiscal 2025, Adecoagro S.a.'s operations generated $309m of cash; it spent $264m on capital projects, leaving free cash flow of $44.4m. It returned $10.2m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Adecoagro S.a.: cash flow statement, annual
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 from operations	145	255	237	219	322	257	349	370	435	328	309
Depreciation and amortisation	91	109	127	128	141	114	135	156	158	189	171
Stock-based pay	4	5	6	5	5	4	6	10	9	7	12
Capital spending	141	132	199	207	252	169	199	218	242	260	264
Free cash flow	4	123	39	11	70	89	149	152	193	68	44
Free cash flow after stock pay	−1	118	33	7	65	84	143	142	185	61	33
Share buybacks	0	5	38	16	4	4	66	37	26	67	10

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Adecoagro S.a.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Adecoagro S.a.