The three CS, which affected the result of the good crop in 2024, according to the CEO

S. 2024 was not good for a good crop. “Thus, Marino Kolbo, CEO of the seed company, started a press conference with journalists on Tuesday, 25 years old, to provide financial results for this year.

According to the executive authority, a mixture of Negative Climate Conditionsand Restricted credit E High costs It affected the company’s net revenues, which decreased by 11.43 % compared to 2023, with a total of $ 1.841 billion.

The net profit also recorded a significant decrease by 53.47 %, with a total of $ 160.5 million, while the modified Ebitda margin decreased to 9.96 %, which reflects the increase in operating expenses and sales.

Culpoo, and The climate is mainly affected by the production of seeds. The expectation was to earn 240 thousand large bags, but the final production was 205 thousand large bags.

On creditThe company adopted a more cautious situation. The crisis faced by some of the main merchants in Brazil, with requests for Judicial recovery And the closure of the stores, led the good crop to limit credit grants.

“We have made some sales for large companies in distributors and distributors, but they were mixed. When the seeds returned in the third quarter, we adjusted the prices,” Kolbo said. The CEO and the Director, Financial Director, Felipe Pereira Marquis, who also participated in the press conference, preferred not to reveal the names of the sellers concerned.

In the fourth quarter of 2024, the net income of a good crop reached 956.9 million, an increase of 13.8 % during the same period of 2023, despite the decrease in total profit by 29.18 %, which reflects the impact of climate axes on the volume of production. The request of 2025 was superior to the previous year, focusing on diversifying revenues with new cultures.

Despite the results below, Colbo believes that the company showed flexibility, as it recorded a growth in the size of the processed seeds, driven by innovation in the portfolio, including launching the distinctive AVRA Seed brand, in partnership with GDM, and expanding the customer base.

According to the CEO, AVRA launched the customer base and reduced dependence on the great distributors, allowing the good crop to acquire the new market sectors, especially in the main areas of Brazil.

Good crop in 2025

Despite the 2024 challenge, Felipe Pereira Marquis, the company’s financial manager, believes that “the worst moment for AGRO has passed,” although the company maintains a cautious situation compared to merchants until 2025. The strategy is to give priority to young and medium references, “which provides a good opportunity to grow.”

“The issue of credit brakes is relative. I think we will be more demanding regarding guarantees, which is likely to restrict credit to big merchants,” said Marino Colbo CEO.

In addition, the company intends to enhance its distribution network and control its strategy to ensure sustainable health and growth margins. The views of 2025, according to executives, refer to a year of recovery, focusing on operational efficiency and increasing presence in the main markets.

Colbo also said that the company has 1300 stores that have been appointed to sell seeds, and the goal of 2025 is an increase from 697 to 900 stores.

“This is an important step in achieving the strong growth we are looking for. One of the stores we serve, we have a medium share of 22 %. This is where we sell, our participation is 22 %, allowing us to grow in the stores that we already serve as in the new projects that we will open,” the CEO concludes.

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