ADAMA FY 2025 Revenue Down 2% Despite Strong Profitability Gains
30 March 2026, Tel Aviv: Global crop protection company ADAMA Ltd. reported a mixed financial performance for 2025, with declining revenues but significantly improved profitability, margins, and cash flow, reflecting the impact of its ongoing transformation strategy.
The company’s sales declined modestly during the year due to continued pricing pressure, weak farmer economics, and strategic portfolio adjustments. However, operational efficiencies, cost reductions, and improved product mix contributed to stronger margins and a turnaround in adjusted profitability.
Revenue Trends and Market Environment
ADAMA’s full-year revenue stood at $4.05 billion, a 2% decline compared to the previous year. The drop was primarily attributed to softer pricing across global markets, while volumes remained largely stable.
In the fourth quarter, revenues fell more sharply by 8% to $1.03 billion, reflecting reduced volumes and continued price pressure driven by global oversupply of active ingredients and cautious farmer purchasing behavior.
Regional Sales Performance
| Region | Q4 2025 ($m) | Q4 2024 ($m) | % Change | FY 2025 ($m) | FY 2024 ($m) | % Change |
|---|---|---|---|---|---|---|
| Europe, Africa & Middle East | 233 | 257 | -9% | 1,136 | 1,167 | -3% |
| North America | 283 | 279 | +2% | 942 | 851 | +11% |
| Latin America | 331 | 348 | -5% | 1,006 | 1,035 | -3% |
| Asia Pacific | 178 | 229 | -22% | 967 | 1,088 | -11% |
| Of which China | 64 | 102 | -37% | 464 | 486 | -5% |
| Total | 1,026 | 1,113 | -8% | 4,051 | 4,141 | -2% |
Regional Insights
- North America showed strong growth driven by new product adoption and stable pricing.
- Asia-Pacific, particularly India, was impacted by adverse weather conditions.
- Latin America faced climate challenges and tighter financial conditions among distributors.
- Europe and adjacent markets experienced softer demand due to delayed purchasing patterns.
Sales by Operating Segment
| Segment | Q4 2025 ($m) | Share | Q4 2024 ($m) | Share | FY 2025 ($m) | Share | FY 2024 ($m) | Share |
|---|---|---|---|---|---|---|---|---|
| Crop Protection | 959 | 93% | 1,022 | 92% | 3,730 | 92% | 3,768 | 91% |
| Intermediates & Ingredients | 67 | 7% | 91 | 8% | 321 | 8% | 373 | 9% |
| Total | 1,026 | 100% | 1,113 | 100% | 4,051 | 100% | 4,141 | 100% |
Sales by Product Category
| Category | Q4 2025 ($m) | Share | Q4 2024 ($m) | Share | FY 2025 ($m) | Share | FY 2024 ($m) | Share |
|---|---|---|---|---|---|---|---|---|
| Herbicides | 422 | 41% | 436 | 39% | 1,710 | 42% | 1,649 | 40% |
| Insecticides | 312 | 30% | 338 | 30% | 1,168 | 29% | 1,233 | 30% |
| Fungicides | 226 | 22% | 248 | 22% | 852 | 21% | 886 | 21% |
| Intermediates & Ingredients | 67 | 7% | 91 | 8% | 321 | 8% | 373 | 9% |
| Total | 1,026 | 100% | 1,113 | 100% | 4,051 | 100% | 4,141 | 100% |
Financial Performance Snapshot
Quarterly Performance (Q4 2025 vs Q4 2024)
| Metric | Q4 2025 | Q4 2024 | Change |
|---|---|---|---|
| Revenue ($m) | 1,026 | 1,113 | -8% |
| Adjusted Gross Profit ($m) | 314 | 280 | +12% |
| Adjusted EBITDA ($m) | 157 | 137 | +14% |
| EBITDA Margin | 15.3% | 12.3% | ↑ |
| Net Loss ($m) | (88) | (149) | Improved |
| Operating Cash Flow ($m) | 237 | 126 | +88% |
| Free Cash Flow ($m) | 156 | 38 | +311% |
Full-Year Performance (FY 2025 vs FY 2024)
| Metric | FY 2025 | FY 2024 | Change |
|---|---|---|---|
| Revenue ($m) | 4,051 | 4,141 | -2% |
| Adjusted Gross Profit ($m) | 1,192 | 1,061 | +12% |
| Adjusted EBITDA ($m) | 587 | 469 | +25% |
| EBITDA Margin | 14.5% | 11.3% | ↑ |
| Net Loss ($m) | (147) | (407) | Improved |
| Adjusted Net Income ($m) | 28 | (206) | Turnaround |
| Operating Cash Flow ($m) | 567 | 528 | +7% |
| Free Cash Flow ($m) | 269 | 217 | +24% |
Operational Highlights
The company attributed improved profitability to:
- Lower production and procurement costs
- Better operational efficiency under its transformation program
- Stronger product mix and innovation-led portfolio
- Improved cash collection and working capital management
ADAMA also launched 139 new products in 2025, focusing on differentiated formulations and high-performance solutions across key global markets.
Portfolio Development Update
During 2025 ADAMA continued to register and launch multiple new products in markets across the globe, adding on to its differentiated product portfolio. The Company prioritized advanced, value-driven formulations and focused on new product introductions in segments where performance, reliability and cost competitiveness matter most. Alongside new launches, ADAMA maintained disciplined portfolio management to enhance overall product quality and relevance.
There were 139 new product launches in 2025. Several products were highlighted in the Company’s earlier 2025 quarterly reports, and in Q4 2025 launches of differentiated products included:
- EDAPTIS® (Italy) and PULIMAISI™(China): Two innovative post-emergence herbicides combining both Pinoxaden and Mesosulfuron-methyl to provide effective control of a broad spectrum of grasses, including resistant populations, with patented formulations that ensures stable and reliable performance.
- BELLALI® (France): A robust, triazole-free fungicide combining Folpet and Azoxystrobin to deliver a dual mode of action, including a unique multi-site defense, designed to combat resistance and protect yields across wheat, barley and rye.
- COSAYR® (France): A long-lasting Chlorantraniliprole-based suspension, to deliver fast and effective control of chewing insects across a wide range of horticultural and field crops.
Registrations of differentiated products during Q4 2025 included:
- BREVIS™, BREVIS™ SG, METAMITRONAI (Canada): A fruit thinner for managing flowering and fruiting in pome fruits such as apples and pears
- EDAPTIS® (Ireland): This innovative post-emergence herbicide combines Pinoxaden and Mesosulfuron-methyl to provide effective control of a broad spectrum of grasses, including resistant populations, with a patented formulation that ensures stable and reliable performance.
- Registration of Prothioconazole based products, part of ADAMA’s comprehensive portfolio of innovative solutions for cereal fungicides, including:
- AVASTEL® in Hungary, Austria and Netherlands
- SORATEL® in Estonia
- PORAFAM® TITAN (Germany): A novel and unique herbicide combination for the control of broad-leaved weeds in winter oilseed rape, representing the first Aminopyralid based solution that ADAMA is registering in Europe.
- TELAVEX™ (Czech Republic): A powerful OD formulation for corn that combines Mesotrione and Thiencarbazone-methyl with a safener to deliver robust control of grass and broad-leaf weeds for both pre- and early post-emergence application.
- ATEKA™ (USA): A powerful Spirotetramat-based insecticide with full systemic action, designed to protect high-value crops from difficult to control sucking pests
- IZAVIA® (India): A high-performance SC formulation combining Chlorantraniliprole and Emamectin Benzoate. This dual-action product delivers both rapid knockdown and long-lasting residual control against the toughest Lepidopteran pests
- DOMAGO® (India): A formulation combining Penoxsulam, Pretilachlor and the safener Fenclorim offering an effective weed control while guaranteeing a high safety to rice.
- MASTERCOP® 25 SC (Thailand): A broad-spectrum fungicide and bactericide based on copper sulfate pentahydrate, providing effective control of a wide range of fungal and bacterial diseases in range of crops including: berries, cucurbits, grapes, fruiting vegetables, pome fruits, potatoes, and tree nuts.
- CUTLASS® (Australia): A powerful, selective herbicide for the control of difficult broadleaf weeds in cereals, maize, pasture and waste areas.
- HIGHCARD® (Spain): Rice Cropping Solution for control of troublesome weeds, providing rotation flexibility and superior crop safety.
In addition, patents granted during Q4 2025 included a SORATEL™ formulation patent in the United States and Israel, and U.S. patents for Saflufenacil SL and the Fipronil & Imidacloprid mixture.
Also Read: MIT-WPU Researchers Develop AI Models to Boost Oil Recovery Amid Global Energy Volatility
Global Agriculture is an independent international media platform covering agri-business, policy, technology, and sustainability. For editorial collaborations, thought leadership, and strategic communications, write to pr@global-agriculture.com
