Gross Margin Improvement
Despite a revenue decline, gross margin expanded from 37% to 42% due to a better product mix and reduced sales of lower-margin products.
Market Share Stability
The company maintained or slightly increased market share in key product families despite overall market contraction.
Geographic Diversification Success
Sales outside of Argentina grew, particularly in markets like Brazil, the US, Mexico, the Andean region, and Uruguay, supporting the company's diversification strategy.
Strategic Partnerships
New agreements with GDM for soybeans and Florimond Desprez for wheat to transition to a capital-light business model.
Appointment of New Chief Commercial Officer
Milen Marinov appointed as the new Chief Commercial Officer, expected to accelerate profitable growth and streamline commercial operations.