Ag Growth International's Q3 revenue fell 13% year over year to C$340.50 million, slightly missing analyst expectations. Adjusted EBITDA dropped 45% to C$39.01 million, while its total order book was down 35% to $432 million.
Ag Growth International's third-quarter revenue fell 13% year over year to C$340.50 million, slightly below the C$343.81 million analyst consensus. Adjusted EBITDA declined 45% to C$39.01 million, and its margin fell to 11.5%.
Commercial revenue and profitability fell amid the wind-down of Brazil long-term financed projects, challenging conditions in EMEA and APAC, and softer North American demand. Nearly half of the Commercial Adjusted EBITDA decline was attributed to Brazil, including higher cost estimates for remaining projects and C$5.4 million in bad debt expense. Farm revenue rose 19% and Adjusted EBITDA increased 38%, helped by stronger North American demand and improved dealer inventory.
AGI's total order book was $432 million at September 30, 2026, down 35% year over year. The Farm order book increased, led by North America, where it more than doubled; the company said Commercial activity remained soft across most regions.
