The earnings call highlighted strong performance in the Commercial segment with record order book growth and effective cost management. However, the Farm segment continues to face significant challenges, including market conditions and high net debt leverage. Despite these challenges, the strength and potential in the Commercial segment support a positive outlook.

Company Guidance -

Q3 2025

During the AGI Second Quarter 2025 Results Conference Call, guidance was provided for the fiscal year with a reiterated adjusted EBITDA of at least $225 million. The Commercial segment showed strong performance, contributing to a consolidated revenue of $349 million and an adjusted EBITDA of $54 million for Q2. The Commercial segment saw a 58% year-over-year increase in EBITDA, with a margin increase to 16.6% from 14.8% in Q2 2024. The order book stands at $660 million, up 4% year-over-year, with Commercial accounting for 85% of the order book. The Farm segment continues to face challenges, with limited visibility into the second half of 2025. AGI aims to stabilize its net debt leverage ratio in the low to mid-3x range by year-end, aided by a plan to monetize significant receivables in Brazil. Capital expenditure expectations for 2025 have been reduced to approximately $40 million, with plans to defer some projects to 2026.

Strong Commercial Segment Performance

Commercial segment revenue grew with an EBITDA contribution of $37 million, up 58% year-over-year. The segment continues to excel with projects in Brazil, EMEA, and North America, all achieving impressive double-digit EBITDA growth.

Record Order Book

The consolidated order book stands at $660 million, up 4% year-over-year, with the Commercial segment contributing significantly and accounting for approximately 85% of the overall order book.

New International Project Wins

Post-quarter, several significant order commitments were secured across various geographies with an aggregate value exceeding $100 million, adding to the momentum for 2026.

Successful Cost Management

SG&A costs improved year-over-year as a percentage of revenue, and operational excellence initiatives were implemented to optimize spending.

Positive Developments in Brazil

Brazil remains a key growth engine with ongoing projects and numerous upcoming opportunities. The demand for grain movement, handling, and on-farm storage continues to drive growth.

CapEx Reduction

Capital budget expectations for 2025 were reduced to approximately $40 million from a prior estimate of $70 million, indicating effective capital allocation and leverage management.

Ag Growth International (TSE:AFN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:AFN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	1.13 / -	1.26	―	―	―
Jul 31, 2025	2025 (Q2)	0.65 / 0.26	1.42	-82.04% (-1.17)	―	―
May 05, 2025	2025 (Q1)	-0.17 / -0.26	0.39	-166.67% (-0.65)	―	―
Mar 05, 2025	2024 (Q4)	1.39 / 1.47	1.7	-13.53% (-0.23)	―	―
Nov 05, 2024	2024 (Q3)	1.78 / 1.26	1.62	-22.22% (-0.36)	―	―
Aug 07, 2024	2024 (Q2)	1.75 / 1.42	2.24	-36.61% (-0.82)	―	―
Apr 29, 2024	2024 (Q1)	0.70 / 0.39	0.25	56.00% (+0.14)	―	―
Mar 06, 2024	2023 (Q4)	1.21 / 1.70	0.92	84.78% (+0.78)	―	―
Nov 07, 2023	2023 (Q3)	1.69 / 1.62	1.41	14.89% (+0.21)	―	―
Aug 10, 2023	2023 (Q2)	1.37 / 2.24	1.2	86.67% (+1.04)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:AFN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	C$41.84	C$42.75	+2.17%
May 05, 2025	C$32.52	C$33.75	+3.78%
Mar 05, 2025	C$34.19	C$34.92	+2.14%
Nov 05, 2024	C$49.77	C$52.42	+5.32%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ag Growth International (TSE:AFN) report earnings?

Ag Growth International (TSE:AFN) is schdueled to report earning on Nov 03, 2025, Before Open (Confirmed).

What is Ag Growth International (TSE:AFN) earnings time?

Ag Growth International (TSE:AFN) earnings time is at Nov 03, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:AFN EPS forecast?

TSE:AFN EPS forecast for the fiscal quarter 2025 (Q3) is 1.13.

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