ADAMA reports higher profit and stronger cash flow in full year 2025 results
The crop protection firm cut losses and improved margins despite lower sales during the year.
ISRAEL – Crop protection leader, ADAMA Ltd., reported better profit margins and stronger cash flow for the full year ending December 31, 2025, even as sales fell slightly due to pricing pressure and weak demand in some markets.
The company posted full-year sales of US$4.05 billion, down 2% from 2024. Prices dropped by 2%, while volumes held steady. Despite this, ADAMA increased its adjusted gross profit by 12% to US$1.19 billion, with margins rising to 29.4% from 25.6% the previous year.
Adjusted EBITDA rose by 25% to US$587 million, while the EBITDA margin improved to 14.5% from 11.3% in 2024. The company also reduced its net loss to US$147 million from US$407 million the previous year. On an adjusted basis, it returned to profit with net income of US$28 million, compared to a loss of US$206 million in 2024.
Cash flow also showed gains. Operating cash flow reached US$567 million, up from US$528 million in 2024, while free cash flow increased to US$269 million from US$217 million.
In the fourth quarter, sales fell 8% to US$1.03 billion, but adjusted EBITDA rose 14% to US$157 million. The company also reduced its quarterly net loss to US$88 million from US$149 million a year earlier.
“ADAMA’s 2025 financial results show important improvements in key financial metrics including continued growth in EBITDA and its margin, increased cash generation, and a much lower net loss,” said CEO Gaël Hili.
Strategy and market pressure
ADAMA linked the results to its “Fight Forward” plan launched in 2024. The plan focuses on cost control, product focus, and a simpler operating model.
“These results reflect the strong foundation we have built over the past two years through our Fight Forward plan,” Hili said. “We improved cost competitiveness and strengthened our commercial capabilities.”
The global crop protection market remained under pressure in 2025. High supply of active ingredients pushed prices down, while low crop prices limited farmer spending. Many buyers shifted to just-in-time purchasing, which reduced order volumes.
Regional performance varied. Europe, Africa, and the Middle East saw lower volumes due to buying patterns, while North America recorded stable demand supported by new product uptake.
Latin America showed mixed results, with Brazil improving over the year but other markets facing pressure from high interest rates. In Asia-Pacific, extreme weather affected demand, especially in India.
Product growth and outlook
ADAMA launched 139 new products in 2025 as it expanded its portfolio. These included herbicides, fungicides, and insecticides across key markets in Europe, Asia, and the Americas.
The company also reported improved ESG ratings from agencies such as EcoVadis and GreenEye, reflecting stronger environmental and social practices.
At the same time, ADAMA said regional tensions in Israel and changes in global trade policy have not disrupted its operations. Its production and supply chain continue to run without major delays.
“We will maintain discipline and continue improving performance as we focus on long-term value for customers and investors,” Hili added.
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