Argentina's Bioceres Crop Solutions Q1 revenue falls on delayed soybean sales
BIOX•Bioceres Crop Solutions' fiscal first-quarter revenue fell 22% year over year to $53.8 million, partly because soybean-related sales were delayed. Adjusted EBITDA dropped 62% to $5.3 million.
1. Quarterly results
Gross profit declined 39%, and gross margin fell to 35% as lower volumes and an unfavorable product mix weighed on results. The company said delayed sales of soybean-related seed treatments shifted revenue into the next quarter; competition and greater price sensitivity among Argentine growers also reduced demand for differentiated agricultural inputs. Adjusted EBITDA improved sequentially for a second consecutive quarter.
2. Outlook
Bioceres Crop Solutions reiterated its targeted gross profit and cost KPIs for fiscal 2027. It expects the competitive environment in Argentina to affect commercial activity and said growers' greater price sensitivity may influence future demand.
