Bioceres reports Q3 operating profit $4.3M vs. ($4.3M) last year

Reports Q3 revenue $39.4M, one estimate $54.5M. Mr. Federico Trucco, Bioceres (BIOX)’ Chief Executive Officer, commented: “This quarter reflects a period of transition and operational refocusing for the Company. While market conditions in several areas of our business remain challenging, and the effects of the transition in Seeds continue to weigh on reported results, we are increasingly focused on strengthening the fundamentals of the organization and prioritizing disciplined execution across the platform. During the quarter, we continued advancing initiatives aimed at simplifying the organization, improving operational efficiency, strengthening working capital management and improving cash generation and liability management across key operating subsidiaries. In parallel, we are reinforcing governance and internal processes and conducting a strategic review of our continuing operations – including initiatives focused on organizational streamlining and capital allocation optimization – to ensure that capital, management attention, and resources remain aligned with the areas where we believe we can create the greatest long-term value. We recognize the significance of the events surrounding Pro Farm and the uncertainty generated by the ongoing litigation process. While we continue to pursue the appropriate legal course and evaluate constructive alternatives where possible, our priority remains clear: stabilizing the business, preserving the value of our core operations, and positioning the Company for a more resilient and sustainable future.”