Adecoagro files financial statements for probable Profertil acquisition

Published 01/12/2025, 22:50
© Redhill Biopharma PR

Adecoagro S.A. (NYSE:AGRO) filed a report Monday with the U.S. Securities and Exchange Commission, providing audited and unaudited financial statements for Profertil S.A. in connection with a significant probable acquisition. The agricultural company, currently trading at $22.82 and considered slightly overvalued according to InvestingPro Fair Value estimates, has seen its shares surge 93% over the past six months.

The filing includes Profertil S.A.’s audited financial statements for the years ended December 31, 2024 and 2023, as well as unaudited condensed interim financial statements for the nine-month periods ended September 30, 2025 and 2024. The audited statements were prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board, and the interim statements were prepared in accordance with IAS 34, “Interim Financial Reporting,” and presented in U.S. dollars.

According to the press release statement, these documents were submitted as part of Adecoagro’s regular disclosure requirements for a probable acquisition. No further transaction details or financial terms were disclosed in the filing.

Adecoagro S.A. is an agriculture production company, and the information referenced is based on a statement filed with the SEC.

In other recent news, Macy’s has been the focus of several analyst updates and financial developments. UBS raised its price target for Macy’s to $7.00 from $6.50, citing stronger-than-expected third-quarter sales trends, which led to an increase in their earnings per share forecast by 18 cents to -$0.12. Telsey Advisory Group also adjusted its outlook, raising Macy’s stock price target to $22.00 from $17.00, following a solid second-quarter earnings performance, particularly highlighting Bloomingdale’s sales. Additionally, Macy’s declared a quarterly dividend of 18.24 cents per share, payable on January 2, 2026, to shareholders of record on December 15, 2025.

In other company news, RedHill Biopharma announced an increase in the maximum amount for its at-the-market ADS offering, allowing for potential additional sales under its agreement with H.C. Wainwright & Co., LLC. Meanwhile, VivoPower International has scheduled its Annual General Meeting for December 15, 2025, where shareholders will vote on various resolutions, including the re-appointment of directors and auditors. These recent developments provide investors with important updates on the financial and strategic activities of these companies.

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