AGI Announces Third Quarter 2025 Results & Conference Call
Winnipeg, MB, January 8, 2026 – Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, “we”, or “our”) today announced its financial results for the three-month period ending September 30, 2025.
Third Quarter 2025 Highlights
- Revenue of $389 million increased by 9% year-over-year (“YOY”)
- Adjusted EBITDA of $71 million, an increase of 4% YOY
- Adjusted EBITDA Margin %2 of 18.2% was ~100 basis points lower versus prior year, primarily owing to the higher mix of Commercial segment revenue
- Net debt leverage ratio of 3.9x at Sept 30, 2025 vs 3.9x at June 30, 2025 and 3.1x at Sept 30, 2024
- Free cash flow (“FCF”)1 generation was impacted by temporary working capital requirements related to large projects in international Commercial
- Established an investment vehicle in Brazil to monetize financing receivables provided by AGI to relieve working capital, improve FCF, and enable delivery of large-scale projects to strategic customers