Bioceres Crop Solutions Corp. (BIOX) Q4 2025 Earnings Call Transcript
Fourth Quarter Revenue $74.7 million, a 40% decline year-over-year. The decline was primarily due to the winding down of the seed business and weaker demand for crop inputs in Argentina.
Crop Nutrition Sales (Quarter) Declined by 34%. This was driven by lower micro-beaded fertilizer sales in Argentina and lower inoculant revenues in other markets due to timing misalignment with the Syngenta agreement.
Full Fiscal Year Revenue $335.3 million, down 28% year-over-year. Declines were seen across all three reporting segments.
Crop Protection Revenue (Full Year) $181.9 million, down 20% year-over-year. Decline in Argentina offset growth in bio-protection in the U.S. and adjuvants in Brazil.
Crop Nutrition Revenue (Full Year) $89.5 million, down 37% year-over-year. Decline driven by lower corn acreage in Argentina, weak on-farm economics, and elevated channel inventories.
Seed & Integrated Products Revenue (Full Year) $63.9 million, down 34% year-over-year. Reduction reflects scaling back of the HB4 program and transition to a royalty-based model.
Quarterly Gross Profit $25.4 million, a 47% reduction year-over-year. Decline mainly due to lower gross profit in Crop Nutrition and Seeds segments.
Full Year Gross Profit $131.7 million, down 29% year-over-year. Decline reflects lower sales across all segments, with the largest decline in Crop Nutrition.
Adjusted EBITDA (Quarter) Negative $4.5 million, down from $19.9 million the previous year. Decline mainly due to a $22.7 million reduction in gross profit and nonrecurring impairments.
Adjusted EBITDA (Full Year) $28.3 million, down from $81.4 million in FY '24. Decline due to a $54.6 million reduction in gross profit and nonrecurring expenses.
Operating Cash Flow (Quarter) $29.9 million, up 28% year-over-year. Increase attributed to improved working capital management.
Operating Cash Flow (Full Year) $53 million, a 27% increase year-over-year. Reflects focus on cash generation despite profitability pressures.
Net Financial Debt $220.8 million as of June 30, 2025, compared to $217.4 million in the previous quarter. Stable net debt but lower adjusted EBITDA resulted in a net debt to adjusted EBITDA ratio of 7.8x.
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Moolec Achieves Breakthrough Results and Stock Market Reaction
- Increased Planting and Yields: Moolec cultivated approximately 1,100 acres of engineered safflower in the 2025 season, achieving an average yield of 2,200 pounds per acre, significantly up from 1,400 pounds in 2024, exceeding the company's expectations and demonstrating the effectiveness and potential of its agricultural technology.
- GLA Concentration Validation: The company confirmed gamma-linolenic acid (GLA) concentrations of around 45% from its U.S. GLASO safflower platform, marking the operational feasibility of its plant-engineered molecular farming technology for commercial-scale production, laying the groundwork for sustainable revenue.
- Nasdaq Listing Approval: On January 30, Moolec confirmed that the Nasdaq Hearings Panel approved its request for continued listing after the company regained compliance with minimum bid price requirements following a one-for-15 reverse stock split, boosting market confidence.
- Positive Stock Market Reaction: Following the announcement of strong crushing results, Moolec's shares soared over 130% on Friday, with the stock gaining 241% year-to-date, reflecting strong investor optimism regarding its future growth prospects.
BTIG Raises Hudson Pacific Price Target to $26
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- Market Performance: Hudson Pacific shares closed at $10.83 on Wednesday, and despite the significant target price increase, the current stock price remains below the target, suggesting a market undervaluation of its potential.
- NRx Pharmaceuticals Target Adjustment: Ascendiant Capital increased the price target for NRx Pharmaceuticals from $47 to $48, with analyst Edward Woo maintaining a Buy rating, reflecting optimism about the company's product outlook.
- Ulta Beauty Target Upgrade: Argus Research raised Ulta Beauty's price target from $650 to $700, with analyst Deborah Ciervo maintaining a Buy rating, indicating positive expectations for its market performance.
Bioceres Appoints Ezequiel Simmermacher as CFO
- Executive Change: Bioceres Crop Solutions announced the appointment of Ezequiel Simmermacher as CFO, aiming to strengthen the company's financial management and strategic planning to support future growth objectives.
- Enhanced Financial Leadership: With over 15 years of experience in finance and operations management, Simmermacher is expected to leverage his extensive industry knowledge and leadership skills to drive further development in the agricultural technology sector.
- Strategic Direction Shift: The new CFO's appointment signifies Bioceres' efforts to optimize its financial structure and enhance investor confidence, which could positively impact the company's future capital operations and market performance.
- Market Reaction Anticipation: The market generally views this appointment positively, believing that the new CFO's professional background will help Bioceres maintain its competitive edge in the fiercely competitive agricultural technology market.
Canaccord Genuity Keeps Hold Rating on Bioceres Crop Solutions, Reduces Price Target to $2.25
Real-time Intelligence: Benzinga Pro offers traders the fastest news alerts to stay updated on market movements.
Exclusive Stories: The platform provides unique stories generated by Benzinga reporters, enhancing trading insights.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, sharing valuable market intelligence.
Market Winning Tool: Benzinga Pro is designed to help traders succeed in the markets by providing accurate and timely information.
Bioceres Crop (BIOX) Posts Q1 Loss and Falls Short of Revenue Projections
Quarterly Performance: Bioceres Crop (BIOX) reported a quarterly loss of $0.12 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.04, and revenues of $77.3 million, missing estimates by 18.37%.
Stock Outlook: The company's shares have declined by 68.3% this year, contrasting with the S&P 500's 16.4% gain, but current favorable earnings estimate revisions have resulted in a Zacks Rank #2 (Buy) for the stock.
Industry Context: Bioceres operates in the Agriculture - Operations industry, which is currently ranked in the bottom 20% of Zacks industries, indicating potential challenges ahead for stock performance.
Upcoming Reports: Another industry player, Cibus (CBUS), is set to report its quarterly results on November 13, with expectations of a significant loss and declining revenues compared to the previous year.
Bioceres Crop Solutions Announces Financial and Operational Results for Fiscal Q1 2026
Financial Performance: Bioceres Crop Solutions reported total revenues of $77.5 million in 1Q26, a 17% decline year-over-year, with a net loss of $7.5 million and an Adjusted EBITDA of $13.6 million, reflecting a 61% increase from the previous year.
Operational Improvements: Despite lower revenues, the company achieved a gross profit of $36.2 million, with gross margin expanding to 47% due to a more profitable product mix and reduced operating expenses.
Management Insights: CEO Federico Trucco highlighted progress in improving revenue quality, protecting margins, and maintaining cost discipline, while acknowledging ongoing challenges in the Argentine market.
Strategic Focus: Bioceres is prioritizing actions to strengthen its capital structure and enhance financial flexibility, aiming for long-term resilience through improved margin quality and working-capital efficiency.
Moolec Achieves Breakthrough Results and Stock Market Reaction
- Increased Planting and Yields: Moolec cultivated approximately 1,100 acres of engineered safflower in the 2025 season, achieving an average yield of 2,200 pounds per acre, significantly up from 1,400 pounds in 2024, exceeding the company's expectations and demonstrating the effectiveness and potential of its agricultural technology.
- GLA Concentration Validation: The company confirmed gamma-linolenic acid (GLA) concentrations of around 45% from its U.S. GLASO safflower platform, marking the operational feasibility of its plant-engineered molecular farming technology for commercial-scale production, laying the groundwork for sustainable revenue.
- Nasdaq Listing Approval: On January 30, Moolec confirmed that the Nasdaq Hearings Panel approved its request for continued listing after the company regained compliance with minimum bid price requirements following a one-for-15 reverse stock split, boosting market confidence.
- Positive Stock Market Reaction: Following the announcement of strong crushing results, Moolec's shares soared over 130% on Friday, with the stock gaining 241% year-to-date, reflecting strong investor optimism regarding its future growth prospects.
BTIG Raises Hudson Pacific Price Target to $26
- Target Price Increase: BTIG raised Hudson Pacific Properties' price target from $4.75 to $26, with analyst Thomas Catherwood maintaining a Buy rating, indicating strong confidence in the company's future growth prospects.
- Market Performance: Hudson Pacific shares closed at $10.83 on Wednesday, and despite the significant target price increase, the current stock price remains below the target, suggesting a market undervaluation of its potential.
- NRx Pharmaceuticals Target Adjustment: Ascendiant Capital increased the price target for NRx Pharmaceuticals from $47 to $48, with analyst Edward Woo maintaining a Buy rating, reflecting optimism about the company's product outlook.
- Ulta Beauty Target Upgrade: Argus Research raised Ulta Beauty's price target from $650 to $700, with analyst Deborah Ciervo maintaining a Buy rating, indicating positive expectations for its market performance.
Bioceres Appoints Ezequiel Simmermacher as CFO
- Executive Change: Bioceres Crop Solutions announced the appointment of Ezequiel Simmermacher as CFO, aiming to strengthen the company's financial management and strategic planning to support future growth objectives.
- Enhanced Financial Leadership: With over 15 years of experience in finance and operations management, Simmermacher is expected to leverage his extensive industry knowledge and leadership skills to drive further development in the agricultural technology sector.
- Strategic Direction Shift: The new CFO's appointment signifies Bioceres' efforts to optimize its financial structure and enhance investor confidence, which could positively impact the company's future capital operations and market performance.
- Market Reaction Anticipation: The market generally views this appointment positively, believing that the new CFO's professional background will help Bioceres maintain its competitive edge in the fiercely competitive agricultural technology market.
Canaccord Genuity Keeps Hold Rating on Bioceres Crop Solutions, Reduces Price Target to $2.25
Real-time Intelligence: Benzinga Pro offers traders the fastest news alerts to stay updated on market movements.
Exclusive Stories: The platform provides unique stories generated by Benzinga reporters, enhancing trading insights.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, sharing valuable market intelligence.
Market Winning Tool: Benzinga Pro is designed to help traders succeed in the markets by providing accurate and timely information.
Bioceres Crop (BIOX) Posts Q1 Loss and Falls Short of Revenue Projections
Quarterly Performance: Bioceres Crop (BIOX) reported a quarterly loss of $0.12 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.04, and revenues of $77.3 million, missing estimates by 18.37%.
Stock Outlook: The company's shares have declined by 68.3% this year, contrasting with the S&P 500's 16.4% gain, but current favorable earnings estimate revisions have resulted in a Zacks Rank #2 (Buy) for the stock.
Industry Context: Bioceres operates in the Agriculture - Operations industry, which is currently ranked in the bottom 20% of Zacks industries, indicating potential challenges ahead for stock performance.
Upcoming Reports: Another industry player, Cibus (CBUS), is set to report its quarterly results on November 13, with expectations of a significant loss and declining revenues compared to the previous year.
Bioceres Crop Solutions Announces Financial and Operational Results for Fiscal Q1 2026
Financial Performance: Bioceres Crop Solutions reported total revenues of $77.5 million in 1Q26, a 17% decline year-over-year, with a net loss of $7.5 million and an Adjusted EBITDA of $13.6 million, reflecting a 61% increase from the previous year.
Operational Improvements: Despite lower revenues, the company achieved a gross profit of $36.2 million, with gross margin expanding to 47% due to a more profitable product mix and reduced operating expenses.
Management Insights: CEO Federico Trucco highlighted progress in improving revenue quality, protecting margins, and maintaining cost discipline, while acknowledging ongoing challenges in the Argentine market.
Strategic Focus: Bioceres is prioritizing actions to strengthen its capital structure and enhance financial flexibility, aiming for long-term resilience through improved margin quality and working-capital efficiency.
