ADAMA reports 2.9x increase in reported net profit and four percent sales growth in Q1 2026

ADAMA Ltd. reported its financial results for the first quarter ended March 31, 2026. 

First Quarter 2026 Highlights:

• Sales increased 4 percent (0.5 percent in RMB) to $1,037 million, mainly reflecting a 3 percent increase in volumes
• Adjusted gross profit up 5 percent to $318 million, with an improvement in gross margin from 30.3 percent in Q1 2025 to 30.6 percent in Q1 2026, reflecting the benefits of higher volumes and improved business quality 
• Reported net profit increased 2.9 times to $82 million vs $21 million in Q1 2025; Adjusted net profit increased 35 percent to $59 million from $44 million in Q1 2025
• Adjusted EBITDA amounted to $150 million vs $160 million in Q1 2025
• Operating cash outflow was -$141 million in Q1 2026 vs. -$29 million in Q1 2025
• Free cash outflow was -$139 million in Q1 2026 vs. -$86 million in Q1 2025

"The strong foundation built through our Fight Forward transformation plan now provides the base for the next phase of our strategy execution, focused on profitable growth," said Gaël Hili, President and CEO of ADAMA. "I remain confident that ADAMA is well-positioned to capture market opportunities and deliver sustainable long-term value for our customers and investors."

The general crop protection (CP) market environment

Recent geopolitical developments are introducing market volatilities that could prove either transitory or structural as events unfold, with higher oil prices posing a potential inflationary pressure on the market and potentially pressuring farmer profitability.

While channel demand has rebounded in 2025 and inventory levels have largely returned to pre–pandemic norms, in the first quarter of 2026, pricing pressures remain elevated due to persistent oversupply and production overcapacity of active ingredients. Crop commodity prices are stabilizing at relatively low levels but remain sensitive to geopolitical risks, limiting upside for farmer income.

As a result, ongoing pressure on farmer profitability continues to drive just–in–time purchasing behavior, even as volumes normalize across most markets, after growth achieved in the market in 2025.1

ADAMA's strategy execution

In 2026, ADAMA entered the next phase of its strategy execution, building on the achievements of the Fight Forward program.

With a stronger cost base, better operational efficiency, and enhanced capabilities, the Company is now focused on driving profitable top-line growth while continuing to improve business quality.

ADAMA aims to deliver this by strengthening commercial capabilities, accelerating differentiated innovation, improving portfolio quality, and shaping a lighter and more competitive global supply and manufacturing network.

Sustainability 

ADAMA has published its 2025 ESG Report, highlighting progress across key ESG areas, including a 21 percent reduction in Scope 1 and Scope 2 greenhouse gas emissions and the training of more than 680,000 farmers and agricultural workers on the safe and responsible use of crop protection products.

This progress reflects continued efforts to improve operational efficiency, strengthen safety and stewardship practices, and manage ESG-related risks across the business. For further details, please refer to the full ESG Report released on the 29th of April, 2026.

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