Nvidia’s results, Tesla’s European sales, Japan trade - what’s moving markets
SINGAPORE - Verde AgriTech Ltd. (TSX:NPK) announced Monday that shareholders approved all items presented at the company’s Annual General Meeting held in Belo Horizonte, Brazil. The company, currently valued at $693 million, has demonstrated strong financial performance with a 23% revenue growth over the last twelve months. According to InvestingPro analysis, Verde maintains good financial health with robust profitability metrics.
The meeting saw strong shareholder support across all proposals, with approval rates ranging from 95.1% to 98.9%. Shareholders voted to adopt the 2024 Audited Statement of Accounts and reappoint all four directors, including Hannah Oh, Cristiano Botelho Veloso, Renato Couto Gomes, and Fernando Joao Prezzotto.
Other approved items included the payment of directors’ fees for the financial year ending December 31, 2025, the reappointment of RSM Brasil Auditores Independentes Ltd. and RSM SG Assurance LLP as the company’s auditors, and authorization for directors to allot and issue shares.
Verde AgriTech produces potash fertilizers and operates as a fully integrated company, mining and processing materials from its wholly owned mineral properties before selling and distributing the products. Operating with minimal debt at just 3% debt-to-equity ratio and maintaining a healthy current ratio of 4.6, the company currently holds licenses to produce up to 2.8 million tonnes per year of its multinutrient potassium fertilizers. For deeper insights into Verde’s financial metrics and growth potential, InvestingPro subscribers can access comprehensive analysis and additional ProTips.
According to the press release statement, Verde has a combined measured and indicated mineral resource of 1.47 billion tonnes at 9.28% K2O and an inferred mineral resource of 1.85 billion tonnes at 8.60% K2O.
The company states it became Brazil’s largest potash producer by capacity in 2022. Brazil ranks as the second-largest global potash consumer and its largest importer, currently sourcing over 97% of its potash needs from external sources. Verde’s strategic position in this market has contributed to its strong performance, with the company maintaining a P/E ratio of 16.2 and generating $42.5 million in net income over the last twelve months.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.