Bioceres reports lower quarterly revenue and net loss of $7.5 million in First fiscal Quarter of 2026

Bioceres Crop Solutions reported lower revenue but improved profitability in its fiscal first quarter, supported by a more profitable product mix and reduced operating costs.

The Argentina-based ag-inputs company posted revenue of $77.5 million for the three months ended 30 September, a 17% decline from a year earlier. The drop reflected the expected impact of its shift in the seed business model, reduced exposure to low-margin activities and the timing of sales in several Latin American markets.

Gross profit slipped 3% to $36.2 million, but gross margin widened to 47% from 40% a year earlier. Operating profit rose to $7.1 million from $2.4 million, while adjusted EBITDA increased 61% to $13.6 million on the back of margin gains and lower operating expenses. The company reported a net loss of $7.5 million, compared with a loss of $6.2 million in the same period last year, as higher financial costs and increased tax accruals offset operational improvements.

Chief executive Federico Trucco said the quarter demonstrated progress on efforts to improve earnings quality and streamline operations amid ongoing economic challenges in Argentina. He noted that the company is prioritizing measures to bolster its capital structure and enhance financial flexibility.

Segment results showed declines across all business lines. Crop protection revenue fell 16% to $39.9 million, seed and integrated products dropped 37% to $12.6 million, and crop nutrition eased 2% to $25.1 million.

Working capital levels continued to improve year over year, despite seasonal pressures in the first quarter, the company said.